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Oil Industry News 5 January 2026 - 6 January 2026

BP stock watch: Tiber contract, buyback and oil slide put BP PLC shares in focus

BP stock watch: Tiber contract, buyback and oil slide put BP PLC shares in focus

BP shares closed down 0.6% at 435.25 pence Monday before the London open, after TechnipFMC announced a $600 million-$800 million contract for BP’s Tiber deepwater project. BP bought 3 million shares Jan. 5 as part of its buyback program. Brent crude slipped 0.2% to $61.62 a barrel early Tuesday. BP’s Venezuela gas plans remain stalled after a U.S. licence revocation.
6 January 2026
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ConocoPhillips stock climbs on Venezuela oil shake-up; $10 billion claims back in focus

ConocoPhillips stock climbs on Venezuela oil shake-up; $10 billion claims back in focus

ConocoPhillips shares closed up 2.6% at $99.20 Monday as energy stocks rallied after President Trump said the U.S. would keep its embargo on Venezuelan oil exports. J.P. Morgan analysts estimate ConocoPhillips’ outstanding Venezuela claims near $10 billion. Brent crude settled up $1.01 at $61.76 a barrel. Traders await U.S. oil inventory data and talks between officials and oil executives later this week.
6 January 2026
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Halliburton stock jumps nearly 8% on Venezuela jolt as oil-services rally takes hold

Halliburton stock jumps nearly 8% on Venezuela jolt as oil-services rally takes hold

Halliburton shares surged 7.9% to $31.92 Monday after U.S. forces captured Venezuelan President Nicolás Maduro, fueling hopes of renewed U.S. oil activity in Venezuela. SLB gained 9%, Baker Hughes rose 4.1%, and oil prices climbed. The Trump administration plans talks with oil executives this week, though the embargo remains. Halliburton CFO Eric Carre acquired 37,548 shares at $29.60 on Jan. 2, according to an SEC filing.
6 January 2026
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Chevron stock jumps on Trump Venezuela oil move; traders eye sanctions and Jan. 30 earnings

Chevron stock jumps on Trump Venezuela oil move; traders eye sanctions and Jan. 30 earnings

Chevron shares jumped 5.7% to $164.78 after U.S. forces captured Venezuelan President Nicolás Maduro, fueling bets on renewed access to Venezuela’s oil. Chevron, the only U.S. major still operating there under a waiver, exported up to 150,000 barrels per day to the U.S. Gulf Coast late last year. ConocoPhillips and Exxon Mobil also gained. Brent crude rose 1.58% to $61.71 a barrel.
5 January 2026
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Why Exxon Mobil stock is up today: Venezuela shock lifts XOM as oil prices firm

Why Exxon Mobil stock is up today: Venezuela shock lifts XOM as oil prices firm

Exxon Mobil shares rose 2% to $125.08 after U.S. forces captured Venezuelan President Nicolas Maduro, boosting hopes for arbitration payouts tied to seized assets. Brent crude climbed 1.43% to $61.62 a barrel, while Chevron and ConocoPhillips also gained. OPEC+ kept output steady. U.S. officials told oil firms they must invest quickly in Venezuela to claim compensation for past expropriations.
5 January 2026
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SLB stock jumps 8% as Venezuela upheaval lifts oilfield-services names ahead of earnings

SLB stock jumps 8% as Venezuela upheaval lifts oilfield-services names ahead of earnings

SLB shares surged about 8% to $43.45 in early New York trading Monday, leading gains among oilfield-services stocks after U.S. President Donald Trump said the U.S. would take control of Venezuela. Halliburton rose 7.5% and Baker Hughes 4.7%. Oil prices were steady, with Brent at $61.12 a barrel. Investors await SLB’s Jan. 23 results for guidance on 2026 spending and pricing.
5 January 2026
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Halliburton stock pops nearly 5% premarket as Trump’s Venezuela move jolts oilfield services

Halliburton stock pops nearly 5% premarket as Trump’s Venezuela move jolts oilfield services

Halliburton shares climbed 4.7% to $29.60 in U.S. premarket trading Monday after President Donald Trump said U.S. oil companies would help rebuild Venezuela’s oil industry following the capture of President Nicolas Maduro. SLB and Baker Hughes also rose. Analysts cautioned that restoring Venezuelan output could take years, with sanctions and contract terms still unresolved.
5 January 2026
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Trump’s Venezuela Oil Move Sends Chevron, Refiners Jumping as Crude Holds Steady

Trump’s Venezuela Oil Move Sends Chevron, Refiners Jumping as Crude Holds Steady

U.S. energy stocks jumped in pre-market trading Monday after President Trump vowed to unlock Venezuela’s oil reserves following the capture of Nicolás Maduro. Chevron rose about 7%, with Exxon Mobil and Halliburton also gaining. Oil prices edged up less than 1% as U.S. sanctions and OPEC+ output policy remained unchanged. Tankers carrying Venezuelan crude have left in “dark mode” to avoid detection, industry sources said.
5 January 2026
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S&P 500, Nasdaq futures climb as Venezuela takedown lifts Chevron and puts AI back in focus

S&P 500, Nasdaq futures climb as Venezuela takedown lifts Chevron and puts AI back in focus

U.S. stock futures rose Monday after the U.S. captured Venezuelan President Nicolás Maduro, with S&P 500 up 0.3% and Nasdaq up 0.7% premarket. Chevron jumped 6.5% and other oil stocks surged on hopes for wider access to Venezuela’s reserves, though the embargo remains. Oil prices slipped. Maduro is being held in New York and will appear in court Monday.
5 January 2026
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Chevron stock jumps as Trump targets Venezuela oil; refiners, drillers gain before the bell

Chevron stock jumps as Trump targets Venezuela oil; refiners, drillers gain before the bell

Chevron shares rose 2.3% in premarket trading after President Trump signaled plans to open Venezuela’s oil sector, with ConocoPhillips and Exxon Mobil also gaining. Chevron, the only U.S. major currently operating in Venezuela, exports about 150,000 barrels per day to the Gulf Coast under restricted authorization. Oil prices were little changed. U.S. officials told oil executives rapid investment would be needed if sanctions ease.
5 January 2026
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Trump’s Maduro move in Venezuela tests markets: Chevron jumps, gold up ahead of Wall Street open

Trump’s Maduro move in Venezuela tests markets: Chevron jumps, gold up ahead of Wall Street open

U.S. stock futures rose premarket Monday after President Trump announced the capture of Venezuela’s President Nicolas Maduro. Energy shares and Venezuelan bonds jumped, with Chevron up 6.5% and some PDVSA debt gaining 8.5 cents on the dollar. Oil prices held near $61 a barrel as the U.S. embargo on Venezuelan crude remained. Investors watched for Maduro’s New York court appearance and awaited key U.S. economic data.
5 January 2026
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Marathon Petroleum stock jumps nearly 6% premarket as Venezuela oil bets lift U.S. refiners

Marathon Petroleum stock jumps nearly 6% premarket as Venezuela oil bets lift U.S. refiners

Marathon Petroleum shares rose 5.75% to $174.63 in premarket trading Monday, tracking gains across U.S. refiners after Washington signaled possible easing of Venezuelan crude restrictions. Chevron climbed 7.3%. Oil prices slipped, with Brent down 0.4% to $60.54 a barrel. Traders focused on U.S. policy signals and potential shifts in crude flows to Gulf Coast refineries.
5 January 2026
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BP stock slips in premarket as oil dips on Venezuela turmoil — what investors watch next

BP stock slips in premarket as oil dips on Venezuela turmoil — what investors watch next

BP’s U.S.-listed shares fell 1.5% to $35.26 in premarket trading Monday as Brent crude dropped 0.8% to $60.26 a barrel and WTI slipped 0.9% to $56.79. Oil prices eased after the U.S. detained Venezuelan President Nicolás Maduro and maintained an embargo, while OPEC+ kept output steady. Investors await BP’s Feb. 10 results and Friday’s U.S. jobs report for further direction.
5 January 2026
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Valero Energy stock (VLO) jumps 5% in premarket as Trump’s Venezuela move shakes oil names

Valero Energy stock (VLO) jumps 5% in premarket as Trump’s Venezuela move shakes oil names

Valero shares surged 5.3% to $174.07 in premarket trading Monday after U.S. President Trump vowed to keep an embargo on Venezuelan oil exports. Oil prices slipped despite the turmoil, with Brent down 0.8% at $60.26 a barrel. Marathon Petroleum and Phillips 66 also posted strong early gains. Investors await U.S. factory-demand data and Valero’s Jan. 29 earnings.
5 January 2026
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Exxon Mobil stock jumps in premarket on Venezuela headlines — what to watch before the bell

Exxon Mobil stock jumps in premarket on Venezuela headlines — what to watch before the bell

Exxon Mobil shares rose 3.2% to $126.55 in premarket trading Monday, outpacing last session’s $122.68 high as investors responded to headlines on Venezuela. U.S. officials told oil executives they must invest heavily in Venezuela to recover expropriated assets, Reuters reported. Chevron and ConocoPhillips also gained. Oil prices slipped despite the stock surge.
5 January 2026
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Chevron stock climbs in premarket as Venezuela shock puts its lone foothold in focus

Chevron stock climbs in premarket as Venezuela shock puts its lone foothold in focus

Chevron rose 2.3% to $155.90 in premarket trading Monday after the U.S. captured Venezuelan President Nicolás Maduro and President Trump pledged to keep the oil embargo. Exxon gained 1.9% and ConocoPhillips 3.3%. Oil prices slipped, with Brent down 0.8% to $60.26. Traders are watching for U.S. policy updates affecting Chevron’s restricted Venezuelan operations.
5 January 2026
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Exxon Mobil stock faces Monday test as Trump pitches Venezuela oil rebuild for U.S. giants

Exxon Mobil stock faces Monday test as Trump pitches Venezuela oil rebuild for U.S. giants

Exxon Mobil shares rose 1.9% Friday after President Trump said U.S. oil companies are prepared to invest billions in Venezuela’s oil sector following Nicolás Maduro’s capture by U.S. forces. Analysts warned repairs could take years and the U.S. embargo remains in place. Brent crude ended down 0.7% at $60.33 a barrel. Investors are watching for Venezuela policy updates and U.S. jobs data due Jan. 9.
5 January 2026
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Stock Market Today

Home Depot stock price: jobs, inflation and a Feb. 24 earnings test loom

Home Depot stock price: jobs, inflation and a Feb. 24 earnings test loom

7 February 2026
Home Depot shares rose 0.7% to $385.15 Friday, trading between $379.10 and $386.37. Investors await a delayed U.S. jobs report Wednesday and CPI data Friday, both postponed by a brief government shutdown. Home Depot reports fourth-quarter earnings Feb. 24. The Dow closed above 50,000 for the first time.
JPMorgan stock price jumps 4% into weekend as Wall Street braces for a busy data week

JPMorgan stock price jumps 4% into weekend as Wall Street braces for a busy data week

7 February 2026
JPMorgan shares rose 3.95% to $322.40 Friday, outpacing other major banks as U.S. stocks rallied and the Dow closed above 50,000 for the first time. The bank recently completed a $3 billion subordinated notes offering. Investors are watching for delayed U.S. jobs data and inflation figures next week, ahead of JPMorgan’s Feb. 23 company update.
AbbVie stock price: ABBV ends week near $223 after earnings swing — what to watch next

AbbVie stock price: ABBV ends week near $223 after earnings swing — what to watch next

7 February 2026
AbbVie shares rose 2% to $223.43 Friday, capping a volatile week marked by earnings and drug sales scrutiny. Moody’s upgraded AbbVie’s credit rating to A2, citing strong performance in immunology and neuroscience. Investors remain focused on Skyrizi and Rinvoq growth amid rising competition and recent regulatory filings. Trading volume stayed below average, with the stock still 9% off its 52-week high.
SK hynix stock price slips into Monday after S&P upgrade, tech selloff

SK hynix stock price slips into Monday after S&P upgrade, tech selloff

7 February 2026
SK hynix shares closed at 839,000 won, down 0.36% Friday and 8% for the week, as tech stocks retreated across Asia. S&P Global Ratings upgraded the chipmaker to “BBB+” with a positive outlook, citing strong HBM sales. The KOSPI fell 1.4% Friday, ending a six-week winning streak. Traders await Monday’s Seoul open for signs of further tech weakness.
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