Today: 1 May 2026
Browse Category

Oil Industry 1 October 2025 - 2 November 2025

BREAKING: Exxon Sues California, Citing ‘Free Speech’ in Climate Lawsuitreuters.comtimesunion.com

ExxonMobil Premarket Report (Nov 3, 2025): Q3 Beat, Analysts Bullish, But Oil Soft

ExxonMobil reported Q3 adjusted earnings of $1.88 per share, beating estimates, on $85–87 billion in sales. Guyana oil output reached a record 700,000 bpd and Permian Basin hit 1.7 million boe/day. The company returned $9.4 billion to shareholders and raised its dividend for the 43rd consecutive year. Exxon is suing California over new climate-disclosure laws, citing First Amendment grounds.
Vivakor (VIVK) Stock Skyrockets on Oil Deal and Trading Debut – Will the Rally Last?

Vivakor (VIVK) Stock Skyrockets on Oil Deal and Trading Debut – Will the Rally Last?

Vivakor shares surged nearly 20% to $0.32 intraday on October 30, 2025, after announcing a $24 million Permian Basin crude oil deal and securing a $40 million credit facility. The Dallas firm also raised $3.5 million in new equity and saw its lender convert $1.45 million of debt into shares, diluting existing holders. VIVK trades below Nasdaq’s $1 minimum and posted a $22 million loss in 2024.
Putin’s Oil Nightmare: Ukraine’s Drone Blitz Cripples 20% of Russia’s Refining – Oil Markets Rally

Putin’s Oil Nightmare: Ukraine’s Drone Blitz Cripples 20% of Russia’s Refining – Oil Markets Rally

Ukrainian drone and missile strikes have hit 21 of Russia’s 38 major oil refineries since January, cutting Russian refining capacity by 20%, President Zelenskyy said. Overnight attacks on October 29 set fuel depots ablaze in Crimea and hit refineries in Ulyanovsk and Stavropol. Brent crude rose to $64.5 a barrel after new U.S. and EU sanctions on Rosneft and Lukoil. Russian oil stocks remain down 40–50% from earlier this year.
London Stock Exchange at Record Highs – Inside the Historic Market’s Brexit Battle and 2025 Revival

FTSE 100 Near Record High as Oil Boom and Bank Earnings Ignite London Rally

Britain’s FTSE 100 hovered near a record 9,650 on October 28, after closing at an all-time high last week. Oil giants BP and Shell rose as crude prices jumped on new U.S. sanctions against Russia. NatWest surged 5% on strong earnings, while HSBC gained nearly 3% despite a profit drop. Strong UK retail sales and steady inflation fueled bets on a Bank of England rate cut in December.
North Sea Oil Giant Petrofac’s Shocking Collapse Puts 2,000 Jobs at Risk

North Sea Oil Giant Petrofac’s Shocking Collapse Puts 2,000 Jobs at Risk

Petrofac filed for administration after losing a €13 billion Dutch wind contract, putting over 2,000 UK jobs at risk. The company’s market value plunged from £6 billion to £20 million, and its London shares were suspended. Administrators from Teneo are on standby as talks continue with creditors and potential buyers. Only Petrofac’s holding company is in administration; operating units remain active.
27 October 2025
Permian Basin Boom – Veterans Honored, Oil Permits Surge, and a Power Crunch Hits Texas (What It Means for Stocks)

Permian Basin Boom – Veterans Honored, Oil Permits Surge, and a Power Crunch Hits Texas (What It Means for Stocks)

Texas regulators issued dozens of new drilling permits in the Permian Basin during the week of October 10–17, as oil production in the region reached a record 6.3 million barrels per day last year. Surging output has strained West Texas’s power grid, with new data centers adding pressure. Some companies are building on-site power plants. Industry leaders say growth is now more cautious, with Chevron targeting lower annual increases.
Vivakor (VIVK) Stock Soars 40% on $40M Oil Deal – Bulls & Bears Debate What’s Next

Vivakor (VIVK) Stock Soars 40% on $40M Oil Deal – Bulls & Bears Debate What’s Next

Vivakor shares jumped about 40% to $0.37 in pre-market trading Oct. 24 after closing a $40 million oil trading credit line. The company also raised $5 million in a direct offering and signed a term sheet for up to $23 million in convertible preferred equity. Vivakor postponed a special dividend to October 2025 and received a 180-day Nasdaq extension to regain $1 minimum share price compliance.
24 October 2025
Transocean (RIG) Stock Rally: Insider’s Bold Bet and Oil Revival Ignite Comeback – What’s Next?

Transocean (RIG) Stock Rally: Insider’s Bold Bet and Oil Revival Ignite Comeback – What’s Next?

Transocean Ltd. (NYSE: RIG) rebounded to about $3.40 after a volatile month, rising for four straight sessions into Oct. 22. Board member Frederik W. Mohn bought 4 million shares in a recent equity offering, raising his stake above 10%. The company secured $243 million in new contracts, lifting its backlog to $7.2 billion. Transocean also raised $381 million in a stock sale and issued $500 million in new notes to reduce debt.
23 October 2025
BP Stock Soars as Oil Rally and Strategic Shift Boost Investor Confidence

BP Stock Soars as Oil Rally and Strategic Shift Boost Investor Confidence

BP shares rose to 431.8p in London midday Oct. 23 after oil prices surged nearly 5% on new U.S. sanctions against Russian oil firms and a drop in U.S. crude inventories. BP halted its U.S. Beacon offshore wind project, citing high costs and policy headwinds, and approved a $5 billion Gulf of Mexico oil project. The company repurchased 3.75 million shares on Oct. 22. BP reports Q3 earnings Nov. 4.
Transocean (RIG) Stock Comeback: Insider Buys, New Deals Spark Rally Amid Oil Sector Rebound

Transocean (RIG) Stock Soars on Insider’s $12M Bet and New Deals Amid Oil Sector Revival

Transocean shares traded near $3.40 on Oct. 22, 2025, up about 3% for the day and 8% above late-September lows. Board member Frederik W. Mohn bought $12.2 million in stock, raising his stake above 10%. The company landed $243 million in new drilling contracts, lifting backlog to $7.2 billion. Transocean raised $381 million in a stock sale and $500 million in bonds to address debt.
Halliburton Stock Rockets on Q3 Earnings – Oil Sector Trends & Analyst Outlook

Halliburton Stock Rockets on Q3 Earnings – Oil Sector Trends & Analyst Outlook

Halliburton shares jumped nearly 10% to $24–$25 on Oct. 21 after Q3 adjusted EPS of $0.58 beat estimates. Revenue reached $5.6 billion, topping forecasts, though net income fell sharply to $18 million. The company declared a $0.17 dividend and spent $250 million on buybacks. New contracts include a VoltaGrid partnership and Petrobras deepwater deals.
Transocean (RIG) Stock Comeback: Insider Buys, New Deals Spark Rally Amid Oil Sector Rebound

Transocean (RIG) Stock Comeback: Insider Buys, New Deals Spark Rally Amid Oil Sector Rebound

Transocean shares closed near $3.31 after rebounding 5–6% last week. Major shareholder Frederik W. Mohn bought 4 million shares for $12.2 million, raising his stake above 10%. The company secured $243 million in new drilling contracts and reported a $7.2 billion backlog. Transocean raised $381 million in a public offering to pay down debt and will record a $1.9 billion impairment from scrapping five rigs.
PetroChina Stock Jumps on Oil Boom, Dividend Windfall & Stablecoin Ambitions

PetroChina Stock Jumps on Oil Boom, Dividend Windfall & Stablecoin Ambitions

PetroChina’s Hong Kong shares jumped over 4% to HK$7.65 on October 20, nearing a 52-week high. The company reported a record 2024 net profit of ¥164.7 billion and raised its final dividend. PetroChina added 1.15 billion barrels of shale oil reserves and proposed a ¥40 billion gas storage acquisition. Management plans to pilot stablecoin-based cross-border settlements for oil and gas trades.
Chevron (CVX) Stock: Oil Price Doldrums, Pipeline Deal & Analysts’ Forecasts – What’s Next?

Chevron (CVX) Stock: Oil Price Doldrums, Pipeline Deal & Analysts’ Forecasts – What’s Next?

Chevron closed at $153.08 on Oct. 17, up 0.9% for the day and steady in the $150–154 range despite oil price swings. The company sold DJ Basin pipeline assets for over $2 billion and completed the Hess acquisition in July. Q2 net earnings fell to $1.45/share from $2.43 a year earlier as lower oil prices and merger costs weighed on results. Wall Street remains mostly bullish, with an average price target near $170.
18 October 2025
Exxon Mobil (XOM) Stock on Rollercoaster Ride – Oil Crashes & Big News Spark Wild Market Debate

Exxon Mobil (XOM) Stock on Rollercoaster Ride – Oil Crashes & Big News Spark Wild Market Debate

Exxon Mobil closed at $112.24 on Oct. 17, near the midpoint of its 52-week range. Wells Fargo upgraded the stock to “Strong Buy” as analysts remain split on price targets. U.S. crude prices slid to five-year lows near $57/barrel, pressuring energy stocks. Exxon announced a preliminary deal to develop Iraq’s Majnoon oilfield and plans to cut about 2,000 jobs globally.
18 October 2025
SLB Stock Q3 Beat, $4B Buybacks & Oil Swoon: Will Schlumberger (SLB) Rebound?

SLB Stock Q3 Beat, $4B Buybacks & Oil Swoon: Will Schlumberger (SLB) Rebound?

SLB N.V. shares traded near $33 on Oct. 17, 2025, down over 20% from a year ago despite beating Q3 earnings estimates with $0.69 EPS and $8.93 billion revenue. The company closed a $7.7 billion merger with ChampionX in July, adding $595 million to Q3 revenue. Oil prices fell to $61 Brent, pressuring international revenue, which dropped 7% year-over-year. SLB plans at least $4 billion in shareholder payouts for 2025.
Vivakor (VIVK) Stock Surges 75% After $40M Oil Trading Deal – Bulls & Bears Weigh In

Vivakor (VIVK) Stock Skyrockets 75% on $40M Oil Deal – Bulls and Bears Debate What’s Next

Vivakor shares jumped nearly 75% on October 15, 2025, after announcing a $40 million oil trading credit facility. Trading volume topped 230 million shares, with the price closing at $0.28, up from $0.19 the day before. The company also received a Nasdaq compliance extension to March 2026 and postponed a special dividend to October 31. Vivakor remains under $10 million in market value and posted a $23 million net loss for 2024.
Vivakor (VIVK) Stock Surges 75% After $40M Oil Trading Deal – Bulls & Bears Weigh In

Vivakor (VIVK) Stock Surges 75% After $40M Oil Trading Deal – Bulls & Bears Weigh In

Vivakor shares jumped up to 75% on Oct. 15, 2025, with volume topping 230 million after the company announced a $40 million commodity credit facility for its crude-oil trading arm. Nasdaq granted Vivakor a 180-day extension to regain compliance with its $1.00 minimum bid rule. The company rescheduled a special dividend in Adapti shares to Oct. 31. Leadership changes in August brought in new COO and CFO.
Sable Offshore Corp (SOC) Stock Plummets on Legal Setback – What’s Next for the Embattled Oil Driller?

Sable Offshore Corp (SOC) Stock Plummets on Legal Setback – What’s Next for the Embattled Oil Driller?

Sable Offshore Corp. shares fell about 25% on October 15 after a California judge tentatively ruled against the company in a key pipeline dispute. The stock traded near its 52-week low at $13.70 midday. Sable faces lawsuits and criminal charges from state officials over alleged environmental violations and has threatened to bypass California with a tanker-based oil export plan. Analysts remain divided on the company’s prospects.
15 October 2025
Saudi Aramco Stock Analysis 2025: Is the Oil Giant Still Worth Your Money?

Saudi Aramco Stock Analysis 2025: Is the Oil Giant Still Worth Your Money?

Aramco shares closed at SR 24.62 on Sept. 30, up 12% year-to-date but down 9% from a year ago. The company trades at 16× forward earnings and paid $124 billion in 2024 dividends, with a 30% cut to $85.4 billion signaled for 2025. Oil price swings and OPEC+ output rumors left the stock steady in late September. Aramco raised $3 billion via sukuk and signed an $11 billion leaseback for its Jafurah gas project.

Stock Market Today

  • Japanese Yen Recovers Losses After FX Intervention Amid Iran Conflict
    May 1, 2026, 8:16 AM EDT. The Japanese yen surged against the U.S. dollar on Friday after reports of intervention by Japanese authorities in the foreign exchange (FX) market. The intervention helped the yen recover losses made since the U.S.-Iran war started on Feb. 28, with the currency rising as much as 0.7% on Friday and over 3% on Thursday. Japanese officials, including Finance Minister Satsuki Katayama, indicated they were prepared for decisive market actions. Despite this, strategists caution that FX intervention alone may not fully calm market unease. Japan, heavily dependent on Middle Eastern oil, faces economic pressure from rising oil prices and bond yields hitting multi-decade highs due to inflation concerns. The continued geopolitical tension in the Middle East keeps markets wary of Japan's economic outlook.

Latest article

American Water Expands 2026 Water Grants As AWK Investors Watch Costs And Merger Risk

American Water Expands 2026 Water Grants As AWK Investors Watch Costs And Merger Risk

1 May 2026
Illinois American Water named 14 nonprofits as 2026 Water and Environment grant recipients, funded by the American Water Charitable Foundation’s Keep Communities Flowing program. The awards came as American Water Works reaffirmed its 2026 earnings guidance and outlined $3.7 billion in planned investments. Shares fell 2.69% to $128.42 Thursday. Nationally, the foundation awarded over $1.5 million to 86 groups in 13 states.
Exxon and Chevron Beat Earnings, But the Iran War Left a Bigger Mark Than Oil Prices Show

Exxon and Chevron Beat Earnings, But the Iran War Left a Bigger Mark Than Oil Prices Show

1 May 2026
Exxon Mobil and Chevron beat first-quarter earnings forecasts despite lower reported profits, citing disruptions from the Iran war. Exxon’s adjusted earnings reached $1.16 per share, while Chevron posted $1.41 per share. Exxon’s free cash flow was $2.7 billion; Chevron’s was negative $1.5 billion. Both companies said timing effects from unsettled oil shipments weighed on results.
Old National Bancorp Stock Gets a $5.9 Million Comerica Signal as Buybacks Take Focus

Old National Bancorp Stock Gets a $5.9 Million Comerica Signal as Buybacks Take Focus

1 May 2026
Comerica Bank increased its stake in Old National Bancorp by 27.8% in Q4, now holding 263,057 shares worth about $5.87 million, according to a Friday 13F filing. Old National reported Q1 net income of $229.6 million, net interest income of $580.4 million, and total loans of $49.8 billion. The bank repurchased 3.9 million shares and returned $151 million to shareholders. Shares last traded at $23.97.
Go toTop