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Oil Industry News 23 January 2026 - 28 January 2026

Exxon Mobil stock price rises as oil nears four-month high and earnings loom

Exxon Mobil stock price rises as oil nears four-month high and earnings loom

Exxon shares rose about 0.6% by midday Wednesday, tracking oil prices near four-month highs after U.S. crude inventories fell and a winter storm disrupted Gulf Coast exports. Exxon shut units at its Baytown, Texas, complex due to freezing weather. Investors await the company’s earnings report Friday. OPEC+ is expected to keep output steady at its Feb. 1 meeting, sources told Reuters.
28 January 2026
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Chevron stock rises on Iraq oilfield talks, board move as investors eye earnings

Chevron stock rises on Iraq oilfield talks, board move as investors eye earnings

Chevron shares rose 0.9% to $169.05 Tuesday as the company pressed Iraq for better terms on the West Qurna 2 oilfield deal, Reuters reported. Chevron named former American Airlines CEO Thomas Horton to its board ahead of Friday’s earnings. Brent crude climbed 3% to $67.57 a barrel after a U.S. winter storm disrupted output.
28 January 2026
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Chevron stock price edges up on Iraq oilfield talks, Venezuela sanctions shift ahead of earnings

Chevron stock price edges up on Iraq oilfield talks, Venezuela sanctions shift ahead of earnings

Chevron shares rose 0.3% to $167.93 Tuesday as investors watched talks over Iraq’s West Qurna 2 oilfield and higher crude prices following U.S. supply disruptions. Reuters reported Chevron is seeking improved terms from Iraq before taking over the field from Lukoil, which faces a Feb. 28 sanctions deadline. The U.S. is also preparing a broader Venezuela license that could affect Chevron’s operations. Quarterly results are due Friday.
27 January 2026
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Exxon Mobil stock price climbs as Gulf Coast freeze tightens oil; BYD tie-up, CCS launch add focus

Exxon Mobil stock price climbs as Gulf Coast freeze tightens oil; BYD tie-up, CCS launch add focus

Exxon Mobil began shutting units at its Baytown, Texas complex due to freezing Gulf Coast weather. Shares rose 1.1% to $136.32 as oil prices climbed. Traders are watching for Exxon’s Jan. 30 earnings and OPEC+ supply talks this weekend. The company also launched commercial carbon capture operations in Louisiana.
27 January 2026
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BP share price rises as oil firms on storm disruption and Iran risk, with earnings next in focus

BP share price rises as oil firms on storm disruption and Iran risk, with earnings next in focus

BP shares rose about 1% to 448.05 pence in early London trading Monday, tracking gains in oil and gas prices after U.S. winter storms cut output and geopolitical tensions lifted Brent crude to $66.30 a barrel. U.S. natural gas futures surged 70% over the week to $5.35 per MMBtu. BP’s earnings report is due Feb. 10, with investors focused on impairment charges and cash flow.
26 January 2026
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Saudi Aramco stock price ends higher on Tadawul; oil rebound, Feb 1 foreign-opening in focus

Saudi Aramco stock price ends higher on Tadawul; oil rebound, Feb 1 foreign-opening in focus

Saudi Aramco shares closed up 0.3% at 25.32 riyals Sunday, tracking a 1.2% rise in Saudi Arabia’s benchmark index. Traders cited anticipation of fourth-quarter earnings and the Feb. 1 opening of the market to all foreign investors. Oil prices rose Friday after U.S.-Iran tensions, supporting sentiment. Aramco’s next earnings report is due March 10.
25 January 2026
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SLB stock price in focus: Venezuela ramp-up talk meets softer Q1 signals

SLB stock price in focus: Venezuela ramp-up talk meets softer Q1 signals

SLB shares closed down 0.3% at $49.15 after its earnings report Friday. CEO Olivier Le Peuch said customers are inquiring about Venezuela, but licenses and payment terms remain unresolved. The company posted Q4 revenue of $9.75 billion and raised its dividend 3.5% to $0.295 per share. U.S. officials have reportedly discussed deploying SLB and others to restore Venezuela’s oilfields.
25 January 2026
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Chevron stock price: Venezuela repair plan and Tengiz shutdown put CVX in the spotlight

Chevron stock price: Venezuela repair plan and Tengiz shutdown put CVX in the spotlight

Chevron shares closed up 0.04% at $166.72 after reports said Washington is negotiating with Chevron and oilfield service firms to speed repairs and raise Venezuela’s crude output. Production at Chevron’s Tengiz and Korolev fields in Kazakhstan remains halted after a fire, with repairs expected to finish by January 26. Brent crude rose 2.8% to $65.88 a barrel. Morgan Stanley cut its Chevron price target to $174.
24 January 2026
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SLB stock price swings after earnings beat, dividend hike and Venezuela signals

SLB stock price swings after earnings beat, dividend hike and Venezuela signals

SLB reported Q4 adjusted earnings of 78 cents per share, beating forecasts, and raised its dividend by 3.5% to $0.295. Shares rose 0.3% to $49.47 after early gains faded. The company set 2026 revenue guidance up to $37.7 billion and plans to return over $4 billion to shareholders. CEO Olivier Le Peuch cited rising customer interest in Venezuela but said expansion depends on licenses and payment terms.
23 January 2026
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SLB stock price swings after earnings beat as $4 billion return plan meets Venezuela questions

SLB stock price swings after earnings beat as $4 billion return plan meets Venezuela questions

SLB shares closed nearly unchanged at $49.33 Friday after beating quarterly profit forecasts and raising its dividend, but warned of weaker first-quarter results. North America revenue jumped 26%. Executives said SLB is ready to expand in Venezuela if U.S. licensing and payment terms are resolved. Trading volume was high as investors weighed the earnings beat against a cautious outlook.
23 January 2026
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BP stock climbs in London as oil rebounds; buyback rolls on ahead of Feb. 10 results

BP stock climbs in London as oil rebounds; buyback rolls on ahead of Feb. 10 results

BP shares rose 1.6% to 443.9 pence in early London trading Friday, lifted by a rebound in oil prices and continued share buybacks. The company repurchased over 3 million shares Thursday at an average price near 439.6 pence. Around 2.1 million BP shares changed hands early in the session. Investors await BP’s earnings report on Feb. 10.
23 January 2026
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Stock Market Today

Meta stock faces an AI split: ad gains vs a $135 billion bill

Meta stock faces an AI split: ad gains vs a $135 billion bill

7 February 2026
Meta shares dropped 1.3% to $661.46 on Friday after the company projected 2026 capital spending of up to $135 billion, raising investor concerns over cash flow. Meta reported Q4 revenue of $59.89 billion, up 24% year-over-year, with ad impressions rising 18%. Analysts remain divided on whether AI-driven ad gains can offset the steep spending ramp.
IAG share price jumps toward a 52-week peak — what to watch before London reopens

IAG share price jumps toward a 52-week peak — what to watch before London reopens

7 February 2026
IAG shares rose 4.33% to 438.50 pence Friday, near their 52-week high, ahead of full-year results due later this month. The company reported 162,073,135 treasury shares and total voting rights of 4,565,128,012. Brent crude fell 2.2% Thursday to $67.93 a barrel. South Europe Ground Services logged 712,340 operations in 2025 and seeks approval to operate in Portugal.
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