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Oil Industry News 3 January 2026 - 4 January 2026

ExxonMobil stock in focus after U.S. strike on Venezuela as Trump flags “billions” oil rebuild

ExxonMobil stock in focus after U.S. strike on Venezuela as Trump flags “billions” oil rebuild

NEW YORK, Jan 3, 2026, 18:28 ET — Market closed Exxon Mobil will be in focus when U.S. markets reopen after President Donald Trump said America’s biggest oil companies, including Exxon, would spend billions to rebuild Venezuela’s oil industry following Saturday’s U.S. operation that captured President Nicolas Maduro. Trump said the U.S. oil embargo remains in effect and that an American military presence would stay until Washington’s demands were met, Reuters reported. Peter McNally, global head of sector analysts at Third Bridge, said “it will take tens of billions of dollars to turn that industry around.”  Reuters Exxon shares closed
4 January 2026
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Valero stock set for Venezuela test as U.S. attack triggers oil embargoValeroValero stock set for Venezuela test as U.S. attack triggers oil embargo

Valero stock set for Venezuela test as U.S. attack triggers oil embargoValeroValero stock set for Venezuela test as U.S. attack triggers oil embargo

NEW YORK, January 3, 2026, 6:30 PM ET — Market closed Valero Energy Corp shares will be in focus when U.S. markets reopen on Monday after the United States attacked Venezuela and captured President Nicolas Maduro on Saturday, U.S. President Donald Trump said. The move matters for Valero because Washington’s action has tightened the screws on Venezuela’s oil flows, a source of heavy crude used by U.S. Gulf Coast refineries. Venezuela’s oil exports are now paralyzed, with port captains not authorizing loaded tankers to depart, four sources close to operations said. With the market closed for the weekend, Valero (VLO)
4 January 2026
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BP stock jumps 3% to start 2026 as oil traders eye OPEC+ and BP’s next results

BP stock jumps 3% to start 2026 as oil traders eye OPEC+ and BP’s next results

NEW YORK, Jan 3, 2026, 17:26 ET — Market closed BP’s U.S.-listed shares rose about 3.2% on Friday, closing at $35.83, as energy names firmed in the first session of 2026. The move mattered because oil prices remain the biggest day-to-day driver for integrated majors like BP, with traders looking for clues on supply discipline after crude’s steep 2025 slide. Markets also begin the year with positioning around near-term oil catalysts, including an OPEC+ meeting this weekend, and the next round of company updates on earnings and shareholder returns. Oil prices settled slightly lower on Friday as investors weighed oversupply
4 January 2026
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Valero (VLO) stock price today: shares close higher to start 2026 as oil settles near $60

Valero (VLO) stock price today: shares close higher to start 2026 as oil settles near $60

NEW YORK, Jan 3, 2026, 16:59 ET — Market closed Valero Energy Corp shares rose 1.55% to close at $165.31 on Friday, the first trading day of 2026. U.S. equity markets were closed on Saturday. The early-year tape matters for refiners because investors are resetting positions after crude posted its steepest annual drop since 2020. Refining stocks often trade on expectations for fuel margins, not just the direction of oil. For Valero, attention is shifting to its late-January earnings update and management’s read on refining profitability heading into 2026. Traders are also watching crude supply signals ahead of an OPEC+
3 January 2026
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ConocoPhillips stock jumps 3.3% as oil steadies; Venezuela and OPEC+ headlines are next

ConocoPhillips stock jumps 3.3% as oil steadies; Venezuela and OPEC+ headlines are next

NEW YORK, January 3, 2026, 16:55 ET — Market closed ConocoPhillips (COP) shares rose 3.3% to close at $96.70 on Friday, after trading between $93.13 and $96.94. About 7.0 million shares changed hands. Yahoo Finance The rally put the Houston-based producer back within range of the $100 level as investors reopened positions after the New Year holiday. For oil-focused producers, shifts in crude prices and policy headlines can drive outsized moves in equities. That sensitivity matters now as the market weighs a potentially well-supplied oil balance against flashpoints that can disrupt supply. The U.S. Energy Information Administration forecast Brent would
3 January 2026
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Chevron stock (CVX) in spotlight after Trump vows billions for Venezuela oil reset

Chevron stock (CVX) in spotlight after Trump vows billions for Venezuela oil reset

NEW YORK, Jan 3, 2026, 15:01 ET — Market closed U.S. President Donald Trump said American oil companies were prepared to invest billions of dollars to restore Venezuela’s oil production after Nicolás Maduro was captured and removed by U.S. forces, putting Chevron’s Venezuela footprint back on traders’ screens ahead of Monday’s open. Chevron said it was focused on employee safety and the integrity of its assets, and said it continued to operate in compliance with relevant laws and regulations; Trump said a U.S. embargo on Venezuelan oil remained in effect. Reuters The stakes are high because Venezuela holds the world’s
3 January 2026
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Chevron stock in focus after U.S. strikes Venezuela; traders brace for sanctions and oil-policy whiplash

Chevron stock in focus after U.S. strikes Venezuela; traders brace for sanctions and oil-policy whiplash

NEW YORK, Jan 3, 2026, 12:44 ET — Market closed Chevron’s stock is set to stay in the spotlight when U.S. markets reopen after President Donald Trump said the United States struck Venezuela and captured President Nicolás Maduro.  Reuters Chevron shares were last at $155.90, up 2.3% from the prior close, after trading between $151.25 and $155.96 in the most recent session. Why this matters now: Chevron is a joint-venture partner of Venezuela’s state oil company and has shipped Venezuelan crude under U.S. authorization despite sanctions. Any change in Washington’s approach can quickly alter flows, cash timing and headline risk. 
3 January 2026
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Exxon stock faces a Monday test after U.S. strikes Venezuela — what oil traders watch next

Exxon stock faces a Monday test after U.S. strikes Venezuela — what oil traders watch next

NEW YORK, January 3, 2026, 12:47 ET — Market closed Exxon Mobil’s stock is poised for an oil-led repricing when U.S. markets reopen after President Donald Trump said the United States attacked Venezuela and captured President Nicolas Maduro in an overnight operation.  Reuters Why this matters now: for Exxon and its peers, crude prices are still the biggest near-term swing factor, feeding through to upstream profits and cash returns. A sudden shift in Venezuelan supply expectations can ripple quickly across energy equities. The market is closed, so Exxon investors cannot trade on Saturday’s headlines. The first clean read is likely
3 January 2026
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Maduro captured in U.S. strike; PDVSA oil facilities unscathed, sources say

Maduro captured in U.S. strike; PDVSA oil facilities unscathed, sources say

CARACAS, January 3, 2026, 09:52 ET Venezuela’s state oil company Petroleos de Venezuela SA (PDVSA) kept production and refining running on Saturday and saw no damage to its key facilities after a U.S. strike aimed at capturing President Nicolas Maduro, two people with knowledge of the operations said.  Reuters The status of PDVSA’s infrastructure matters for oil markets because Venezuela is a member of OPEC, the oil-producing group, and its exports have already been squeezed by U.S. pressure. A U.S. blockade on oil tankers and the seizure of two Venezuelan cargoes cut exports last month to about half of the
3 January 2026
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Exxon Mobil stock forecast: XOM in focus after U.S. strikes Venezuela, Maduro capture claim

Exxon Mobil stock forecast: XOM in focus after U.S. strikes Venezuela, Maduro capture claim

NEW YORK, Jan 3, 2026, 06:40 ET — Market closed U.S. President Donald Trump said the United States struck Venezuela overnight and captured President Nicolas Maduro, putting oil-linked stocks like Exxon Mobil in focus for when markets reopen. “Oil prices were likely to jump” on the near-term supply risk, said Saul Kavonic, an analyst at MST Marquee, while warning the move could turn bearish longer term if a political transition leads to sanctions being lifted and more investment returning. Reuters That matters for Exxon because crude prices remain the main swing factor for its upstream earnings, while its refining and
3 January 2026
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Venezuela oil: PDVSA seen operating normally after U.S. strikes as sanctions choke exports

Venezuela oil: PDVSA seen operating normally after U.S. strikes as sanctions choke exports

HOUSTON, Jan 3, 2026, 06:31 ET Venezuela’s state-run oil company Petroleos de Venezuela (PDVSA) kept production and refining running normally on Saturday after U.S. attacks aimed at extracting President Nicolas Maduro, two sources familiar with the company’s operations said. An initial assessment found no damage at its most important facilities. The port of La Guaira near Caracas suffered severe damage but is not used for oil operations, one of the sources said.  Reuters The strikes raised fresh uncertainty around Venezuelan crude and fuel flows, with traders watching for any disruption at export infrastructure after weeks of tightening U.S. enforcement. U.S.
3 January 2026
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Venezuela attack: Chevron, Exxon, refiners and defense stocks to watch as markets reopen

Venezuela attack: Chevron, Exxon, refiners and defense stocks to watch as markets reopen

NEW YORK, January 3, 2026, 06:04 ET — Market closed U.S. President Donald Trump said the United States struck Venezuela overnight and captured President Nicolás Maduro, setting up a sharp focus on energy and defense names when U.S. markets reopen on Monday.  Reuters The escalation lands as investors enter a new year already fixated on oil supply policy and the risk that geopolitics adds an extra “risk premium” — an extra cushion in prices to reflect potential disruptions.  Reuters Venezuela’s government declared a national emergency after explosions in Caracas and other states, while a U.S. official said Maduro was captured
3 January 2026
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Stock Market Today

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

7 February 2026
Seagate shares rose 5.9% to $429.32 Friday after Citigroup raised its price target to $480 and reiterated a buy rating. The gain ended a two-day slide but left the stock 6.6% below its Feb. 3 high. CEO Dave Mosley sold 20,000 shares on Feb. 2 under a pre-arranged plan, SEC filings show. U.S. jobs and inflation data next week are seen as key tests for tech stocks.
Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

7 February 2026
Cummins shares jumped 6.8% to $577.73 Friday, recovering from a nearly 9% post-earnings drop the day before. The company reported Q4 revenue up 1% to $8.54 billion, took a $218 million charge tied to its hydrogen business, and guided for 2026 EBITDA of 17–18% of sales. Demand for data center generators offset weakness in North American truck markets. Analyst reaction was mixed; Truist raised its price target.
Corning stock hits first record close since 2000 as jobs, CPI data loom

Corning stock hits first record close since 2000 as jobs, CPI data loom

7 February 2026
Corning shares surged 8.3% to $122.16 Friday, their highest close since the dot-com era, after Meta agreed to buy up to $6 billion in fiber-optic cables. The stock is up 40% since late 2025, fueled by strong first-quarter guidance and AI data-center demand. Insiders sold shares following the rally, SEC filings show. Investors await next week’s U.S. jobs and inflation data for rate signals.
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