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Oil Industry News 9 January 2026 - 10 January 2026

Exxon Mobil stock in focus as CEO calls Venezuela “uninvestable” while keeping return option alive

Exxon Mobil stock in focus as CEO calls Venezuela “uninvestable” while keeping return option alive

Exxon Mobil shares rose 1.38% to $124.61 Friday after CEO Darren Woods said the company may consider returning to Venezuela if legal and regulatory conditions improve. Woods called Venezuela “uninvestable” under current laws and cited past asset seizures. U.S. crude closed at $59.12 a barrel, below most producers’ break-even levels. Chevron remains the only U.S. major operating in Venezuela.
10 January 2026
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BP stock jumps with oil prices as buyback rolls on — here’s what investors watch next

BP stock jumps with oil prices as buyback rolls on — here’s what investors watch next

BP shares closed up 2.39% at 426 pence Friday, buoyed by a 2.18% rise in Brent crude to $63.34 a barrel amid supply concerns linked to Iran and the Russia-Ukraine war. BP repurchased over 3.1 million shares as part of its ongoing buyback. Norges Bank cut its BP voting rights to 2.999%. The FTSE 100 ended at a record high, with energy stocks leading gains.
10 January 2026
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Valero (VLO) stock slides as Venezuela oil talks loom and an analyst trims a target

Valero (VLO) stock slides as Venezuela oil talks loom and an analyst trims a target

Valero shares dropped 3.2% to $185.16 Friday afternoon, underperforming other refiners as the White House met with oil firms, including Valero and Marathon, to discuss possible investment in Venezuela. Piper Sandler cut its Valero price target to $217. Oil prices rose amid global supply concerns. Investors await Valero’s Jan. 29 earnings report for margin and policy updates.
9 January 2026
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Tidewater (TDW) stock holds near $57 after a 7% jump — charts, oil and earnings in view

Tidewater (TDW) stock holds near $57 after a 7% jump — charts, oil and earnings in view

New York, Jan 9, 2026, 11:21 EST — Regular session Tidewater Inc (NYSE:TDW) shares were down 0.1% at $56.66 in late morning trading on Friday, after rallying 7.1% on Thursday to close at $56.70. The stock touched $57.71 earlier in the session, and Thursday’s volume topped 1.1 million shares, more than double Wednesday’s. (Sweetwater Reporter) The pop comes with offshore-linked names back on some screens as crude prices firmed and investors absorbed a soft U.S. jobs report. Brent was up about 0.8% at $62.49 a barrel and U.S. crude rose about 0.9% to $58.27, while December payrolls rose 50,000 and
9 January 2026
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Why Texas Pacific Land (TPL) stock is up today: oil climbs, insider filings add color

Why Texas Pacific Land (TPL) stock is up today: oil climbs, insider filings add color

New York, January 9, 2026, 11:06 ET — Regular session Texas Pacific Land Corporation shares were up 1.5% at $307.38 in late morning trade, adding to a steep rebound after the stock surged 7.7% a day earlier. The $21.5 billion company traded in a $303.83 to $309.79 range on Friday. Texas Pacific Land is one of those energy names where crude prices still do most of the talking. It owns roughly 882,000 surface acres in the Permian Basin and earns revenue from oil and gas royalties as well as its water services business. (reuters.com) Friday’s gains followed a weaker-than-expected U.S.
9 January 2026
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Transocean stock ticks up in U.S. premarket as oil rises — what traders watch next

Transocean stock ticks up in U.S. premarket as oil rises — what traders watch next

New York, January 9, 2026, 08:18 EST — Premarket Transocean Ltd shares were up 1.3% at $4.27 in premarket trading on Friday. The shares moved with firmer crude, which tends to buoy offshore drillers on bets that higher oil prices keep exploration budgets healthy. Brent was up about 1% and U.S. crude about 0.9% as traders weighed unrest in Iran and uncertainty over Venezuelan supply. “Iran protests seem to be gathering momentum, leading the market to worry about disruptions,” said Ole Hansen, head of commodity analysis at Saxo Bank reuters.com. That mattered now with risk appetite already thin heading into
9 January 2026
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SLB stock up in premarket as White House Venezuela meeting keeps oil-services trade in play

SLB stock up in premarket as White House Venezuela meeting keeps oil-services trade in play

New York, Jan 9, 2026, 06:12 EST — Premarket SLB shares were up about 1% in U.S. premarket trading on Friday as the White House prepares to meet oil companies, traders and drillers on Venezuela, keeping the sector in focus. The oilfield services firm’s stock was around $44.86 after closing up 4.9% at $44.43 in the prior session. (Investing.com) The Venezuela push matters because it could pull service firms into early repair and drilling work — or fizzle under politics and cost. “Investors will want to see long-lasting stability and good fiscal terms,” said David Byrns, a portfolio manager and
9 January 2026
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BP stock climbs in London as oil firms on Iran risk; buyback stays in focus

BP stock climbs in London as oil firms on Iran risk; buyback stays in focus

London, Jan 9, 2026, 11:02 GMT — Regular session BP PLC shares rose 1.9% to about 424 pence in London trade, tracking a firmer tone in oil-linked stocks. The stock opened at 421.65 pence and had traded as high as 425.29 pence, data from Hargreaves Lansdown showed. (Hargreaves Lansdown) The bounce follows a bruising couple of sessions for UK oil names as traders weighed whether Venezuelan barrels could add supply just as demand is being tested. BP, which tends to move with crude because oil and gas prices feed straight into cash flow, has been a quick read-through on the
9 January 2026
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Chevron stock jumps after hours as Venezuela licence talks put CVX back in play

Chevron stock jumps after hours as Venezuela licence talks put CVX back in play

NEW YORK, Jan 8, 2026, 19:28 EST — After-hours Chevron Corp shares rose 2.6% in after-hours trading on Thursday after a Reuters report said the oil major is in talks with Washington to expand its Venezuela licence, which could let it ship more crude to its refineries and sell to other buyers. The stock was at $159.25. Tighter terms imposed in July cut the company’s Venezuelan exports to about 100,000 barrels per day (bpd) in December from 250,000 earlier this year, sources said. Reuters The talks land as the Trump administration pushes to take tighter control of Venezuela’s oil sales
9 January 2026
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Stock Market Today

Broadcom Stock Gets a Google AI Spend Lift as Jefferies Sees 60% Upside

Broadcom Stock Gets a Google AI Spend Lift as Jefferies Sees 60% Upside

7 February 2026
Google raised its 2026 capital expenditure forecast to $175 billion–$185 billion, with most spending expected on data-center chips. Broadcom shares rose about 2% after the announcement, while Nvidia and AMD slipped. Jefferies reiterated a buy rating on Broadcom, maintaining a $500 price target, implying a 62% upside from Wednesday’s close.
No $2,000 IRS stimulus check is coming in February 2026 — but Trump’s tariff-check talk keeps the rumors alive

No $2,000 IRS stimulus check is coming in February 2026 — but Trump’s tariff-check talk keeps the rumors alive

7 February 2026
The IRS has not announced new federal stimulus payments for February 2026, and Congress has not approved fresh checks. Trump told NBC he is considering $2,000 tariff rebate checks but has not committed, saying any payout would likely come later in 2026. The IRS warns taxpayers to ignore texts and emails about “stimulus payments” and verify notices through official channels.
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