Today: 1 July 2026
Browse Category

Oil Industry 6 March 2026 - 23 May 2026

Chevron Faces Holiday Test With Oil Shock, Pump Prices and Hess Sale in Focus

Chevron Faces Holiday Test With Oil Shock, Pump Prices and Hess Sale in Focus

Chevron Corp. traded flat going into the long holiday weekend, with oil prices still high and criticism from California officials over pump prices. The company also disclosed in a filing that director John B. Hess sold a big stake. Chevron Corporation shares finished Friday at $191.43, up 0.22%. The stock traded from $189.80 to $192.00 during the session. With the New York Stock Exchange closed for Memorial Day on Monday, May 25, investors have to wait until Tuesday for the next regular-session print.
23 May 2026
···
Exxon Stock on the Move as Oil Jumps, Next Challenge in Focus

Exxon Stock on the Move as Oil Jumps, Next Challenge in Focus

Exxon Mobil shares climbed Monday, tracking higher oil prices. The biggest U.S. oil company was back on traders’ radar ahead of a shareholder vote set for next week. Exxon was last at $160.97, up roughly 1.9%. Chevron and ConocoPhillips also traded higher. Investors are watching two things at the same time right now, with crude prices climbing on Middle East unrest and Exxon’s exposure in focus. Brent was near $110.55 a barrel on Monday as fresh Gulf tensions hit markets, while most traffic through the Strait of Hormuz stayed halted, Reuters said.
18 May 2026
···
Exxon shares head into Monday after oil jumps, court win in hand

Exxon shares head into Monday after oil jumps, court win in hand

Exxon Mobil heads into the weekend trading at $157.92 after shares got a boost Friday from higher crude prices and a Texas jury verdict in the company’s favor in a years-old investor lawsuit. Exxon’s stock price data shows gains every day this week, finishing up 5.5% from Monday’s close. U.S. cash equities won’t open again until Monday, so timing is at play. The New York Stock Exchange trades from 9:30 a.m. to 4:00 p.m. Eastern on regular days. Traders now have to price Exxon off oil futures, bond moves, and Middle East news until stocks reopen.
16 May 2026
··
Hot PPI Shock Hits Wall Street As Oil Inventory Test Looms

Hot PPI Shock Hits Wall Street As Oil Inventory Test Looms

Producer prices in the U.S. surged 1.4% in April, blowing past expectations and marking the sharpest monthly increase since March 2022. The report pushed stocks lower, adding to skepticism that the Federal Reserve will be able to cut rates anytime soon. According to the Bureau of Labor Statistics, the Producer Price Index climbed 6.0% year-over-year. Markets got hit with the inflation surprise at a tough moment. Wholesale prices jumped just a day after consumer inflation figures came in hot—CPI climbed 0.6% in April, up 3.8% year-on-year, pushed higher by energy costs.
13 May 2026
··
Transocean Stock Tumbles as $1.6 Billion Backlog Win Fails to Offset Q1 Loss

Transocean Stock Tumbles as $1.6 Billion Backlog Win Fails to Offset Q1 Loss

Transocean Ltd. shares tumbled 9.16% Tuesday, closing at $6.25, after the company posted an adjusted first-quarter loss. Losses overshadowed gains in revenue and stronger rig utilization, despite about $1.6 billion in new contract wins. Shares nudged slightly higher after the bell. For Transocean, the stakes are high: persuading investors that the offshore sector’s rebound goes beyond just higher activity levels. The focus now is on dependable cash generation. New contracts just secured work for rigs in Norway, Brazil, and the Eastern Mediterranean—areas where operators are still chasing high-spec rigs, despite oil price volatility.
6 May 2026
····
Gas Prices Hit $4.30: Why America’s Oil Boom Isn’t Saving Drivers

Gas Prices Hit $4.30: Why America’s Oil Boom Isn’t Saving Drivers

New York — April 30, 2026, 08:01 EDT Gasoline across the U.S. jumped to an average of $4.30 a gallon on Thursday—marking the priciest level since almost four years back. A mix of the Iran war, shrinking fuel inventories, and refinery snags forced crude costs higher, feeding straight into pump prices. That’s piling extra strain on consumers right ahead of peak summer driving.
30 April 2026
···
Best Energy Stocks to Buy Today: 5 Oil Stocks in Focus as Brent Tops $110

Best Energy Stocks to Buy Today: 5 Oil Stocks in Focus as Brent Tops $110

Oil jumping past $110 a barrel is giving big energy stocks fresh momentum. Exxon Mobil, Chevron, and ConocoPhillips—those are the U.S. names traders are eyeing first today. Brent crude gained close to 3% as U.S.-Iran negotiations stalled out, leaving the Strait of Hormuz mostly closed off. “The market was rapidly repricing geopolitical risk,” said Rystad Energy’s Jorge Leon. This time, the oil shock isn’t confined to energy names. U.S. stock-index futures slipped early Tuesday, with traders eyeing the chance that stubbornly high crude prices might stick around. Oil is still running 54% above where it stood before the war, according to Reuters. Ameriprise strategist Anthony Saglimbene flagged geopolitical events as an “active and important variable” in current risk management.
28 April 2026
·····
Best Stocks To Buy Today: 7 Names Wall Street Is Testing As Oil Shock Hits The AI Rally

Best Stocks To Buy Today: 7 Names Wall Street Is Testing As Oil Shock Hits The AI Rally

U.S. stock futures edged lower early Tuesday, with oil prices still running hot amid the U.S.-Iran standoff. That’s making traders pickier, favoring stocks with defined catalysts over blanket market exposure. Dow e-minis dipped 0.16%, S&P 500 e-minis were off by 0.18%, and Nasdaq 100 e-minis slid 0.51% in the early going, according to Reuters. It’s a crucial stretch: stocks are hovering near record highs, and the lineup this week is packed—first-quarter earnings, Fed policy moves, plus the ongoing threat of inflation as energy prices climb. On Monday, both the S&P 500 and Nasdaq ended at all-time highs. About 44% of the S&P 500’s total market cap is set to report results over the next few days, per Raymond James. “Whether or not those all-time highs are justified”—that’s the question investors are chewing on right now, said Robert Pavlik, senior portfolio manager at Dakota Wealth.
28 April 2026
······
Occidental Petroleum Stock Swings After $74 Target Boost as Oil Whiplash Tests Rally

Occidental Petroleum Stock Swings After $74 Target Boost as Oil Whiplash Tests Rally

Stephens bumped its price target on Occidental Petroleum up to $74 from the previous $59, setting a notably higher bar for the stock. Yet the upgrade came as Occidental shares slid 4.26% to $62.23 on Wednesday, underscoring just how fast the mood on the name can shift. The timing here is key: Occidental shares have started behaving less like those of a typical big oil firm and more like a ticker for headlines out of the Middle East. On Wednesday, oil prices sank—investors seemed to think the Iran situation might ease off—pushing the S&P 500 energy index down 3.9%. But by Thursday, both Brent and U.S. crude had rallied above $109 again after President Donald Trump vowed to keep up U.S. strikes on Iran.
2 April 2026
··
Transocean Stock Price Today: RIG Climbs as Oil Rebound Lifts Offshore Drillers

Transocean Stock Price Today: RIG Climbs as Oil Rebound Lifts Offshore Drillers

Transocean picked up 2.9% to $6.645 in Tuesday’s afternoon session, after hitting $6.715 earlier. The stock’s gain followed crude’s recovery, even as major U.S. indexes showed little direction. Brent crude climbed over 4%, landing at $104.13 a barrel. Transocean is pushing ahead with its $5.8 billion all-stock buyout of Valaris, aiming to forge a 73-rig powerhouse—even as it keeps chipping away at its debt load. Back in February, the company reported its total principal debt was down 18% to $5.686 billion. Liquidity, meanwhile, was at $1.507 billion.
24 March 2026
·····
Transocean Stock Price Today: What Is Driving RIG?

Transocean Stock Price Today: What Is Driving RIG?

Transocean shares finished Monday at $6.46, climbing from $6.22 on Friday—a stronger jump than offshore drillers Valaris, Noble, or Seadrill managed. Transocean’s $5.8 billion all-stock bid for Valaris remains in the spotlight. The merger would result in a combined 73-rig fleet carrying about $10 billion in backlog—essentially booked future revenue. Regulatory and shareholder approval are still ahead, with the deal targeted to wrap up in the second half of 2026.
24 March 2026
··
Petrobras Stock Price Rises After $450 Million Petronas Deal as $100 Oil Puts Dividends in Focus (Reuters)

Petrobras Stock Price Rises After $450 Million Petronas Deal as $100 Oil Puts Dividends in Focus (Reuters)

Petrobras stock climbed Tuesday, boosted by its decision to buy out Petronas’s stakes in two offshore fields for $450 million. Crude’s return above $100 a barrel offered additional tailwind. The U.S.-listed shares recently traded up roughly 1.8% at $19.51. Petrobras is doubling down on exports right as Brazil’s fuel policy gets tossed by the oil shock. Brent crude closed at $103.42 a barrel on Tuesday. That rally helps offset Brasilia’s fresh 12% tax slapped on crude exports.
17 March 2026
···
Transocean Stock Price Today: RIG Slips as Oil Shock Meets Valaris Deal Test

Transocean Stock Price Today: RIG Slips as Oil Shock Meets Valaris Deal Test

Transocean Ltd shares slipped 3.5 cents to $6.28 late Thursday in U.S. trading, holding up better than most even as Wall Street sold off after new tanker attacks in the Gulf pushed crude prices sharply higher. Energy stood out as the only S&P 500 sector to finish in the green. WTI crude surged 9.7%, and Brent briefly hit $100 a barrel. That stability counts right now. With Transocean moving to acquire Valaris in an all-stock transaction valued at $5.8 billion, the company has turned into a proxy for offshore drilling demand. Investors are probing if the current oil shock will extend the offshore cycle—or just add fresh swings to a deal already loaded with leverage.
12 March 2026
····
Petrobras Stock Hovers as Brazil’s Oil Export Levy Clouds Crude Windfall

Petrobras Stock Hovers as Brazil’s Oil Export Levy Clouds Crude Windfall

Petrobras’ ADRs in the U.S. were trading just above $19 on Thursday as Brazil moved to scrap federal diesel taxes and slapped a temporary levy on oil exports—a combination that could limit some gains from crude’s latest jump. Shares changed hands at $19.06, up 0.4% at 1:43 p.m. Sao Paulo time, after ranging from $18.53 to $19.44 earlier in the session. This shift is hitting now, just as Petrobras had stood out as a top Brazilian winner from the oil rally fueled by the Iran conflict. Last week, the company delivered a fourth-quarter net profit of 15.6 billion reais, boosted by exports that hit a record 1.2 million barrels per day. Brent crude hovered near $100 on Thursday, with the crisis in the Strait of Hormuz escalating.
12 March 2026
·
Barclays PLC Shares Stay Under Pressure as MFS Fallout Meets Oil Shock

Barclays PLC Shares Stay Under Pressure as MFS Fallout Meets Oil Shock

Barclays PLC slipped again Monday, with traders bracing for fallout from the bank’s links to collapsed mortgage lender Market Financial Solutions and another round of oil-fueled volatility in UK markets. Shares dropped 2.86% to 392.6 pence at 1429 GMT, according to Reuters data. The FTSE 100 shed 0.3%, and the FTSE 250 slid 1.8%—both settling at levels last seen about five weeks ago. This is significant: Barclays faces a £495 million claim from MFS, now under UK administration. The Bank of England’s Prudential Regulation Authority wants lenders to spell out both their exposure and the due diligence they conducted. Barclays, when approached by Reuters for comment, kept quiet about the investigation.
9 March 2026
··
BP PLC Shares Rise as Oil Prices Spike, but Traders Still Bet the Windfall Fades

BP PLC Shares Rise as Oil Prices Spike, but Traders Still Bet the Windfall Fades

London, March 9, 2026, 21:09 GMT. BP climbed 2.2% in London on Monday after Brent crude briefly crossed $119 a barrel. Even so, shares are up 7.8% since the U.S.-Israeli war on Iran erupted late last month—well behind crude’s more than 40% surge. That spread points to skepticism about a lasting supply hit; James West at Melius Research noted the market was anticipating a “swift end” to the Strait of Hormuz disruption.
9 March 2026
···
Ecopetrol May Raise 2026 Spending as Oil Rally Revives Venezuela Push

Ecopetrol May Raise 2026 Spending as Oil Rally Revives Venezuela Push

Ecopetrol could revisit its 2026 investment plan as early as April if elevated oil prices persist. The Colombian state oil giant is also pushing to secure access for deals in Venezuela. For now, executives see spending coming in toward the upper end of the 22 trillion to 27 trillion peso guidance. Timing’s key here. Brent’s surged roughly 24% this week to near $90 a barrel, after the Iran conflict threw off shipments through the Strait of Hormuz. That’s the sort of price spike that can upend cash flow forecasts for an oil producer working off a budget set last November.
6 March 2026
··
1 2 3 4 … 15

Stock Market Today

  • Trump Touts Market Rally as Crypto Haul Tops $1.4 Billion in Disclosure
    July 1, 2026, 9:44 AM EDT. Donald Trump said he leaves his finances to fund managers, after filings showed more than $1.4 billion in income from his family's crypto deals. The 2025 disclosure details nearly $800 million earned from World Liberty Financial, which he started with his sons. That includes over $520 million from selling crypto tokens and $250 million from business sales. Trump said the gains come as U.S. stocks keep climbing, telling reporters many people are making money as the market rises. The U.S. Office of Government Ethics published the filings, giving a breakdown of his crypto income.
Go toTop