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Oil Industry News 9 January 2026 - 10 January 2026

JPMorgan stock: Venezuela oil-finance angle lands just as earnings week starts

JPMorgan stock: Venezuela oil-finance angle lands just as earnings week starts

New York, Jan 10, 2026, 13:29 EST — Market closed JPMorgan Chase could be among the few U.S. banks positioned to pick up business if Venezuela’s oil trade opens up, with one dormant Caracas office that could be reactivated, sources and analysts told Reuters late Friday. The bank has had a presence in the country for decades, and one internal idea floated was a trade bank to finance oil exports, one person familiar with the matter said. “JPMorgan is the best in class global bank,” Wells Fargo banking analyst Mike Mayo said. (Reuters) U.S. markets are shut on Saturday, but
10 January 2026
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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

New York, January 10, 2026, 10:43 EST — Market closed Exxon Mobil Corp (XOM) shares ended Friday up 1.38% at $124.61. CEO Darren Woods said the company is ready to consider reentering Venezuela, but described the country as “uninvestable” given its current regulations. At the same White House meeting, Chevron’s Mark Nelson claimed the oil giant could double its “liftings”—crude cargo shipments—and boost production by roughly 50% within 18 to 24 months. The Venezuela factor is crucial now, hitting as Washington aims to revamp the country’s oil industry and possibly redirect more heavy crude to U.S. refineries. For oil stocks,
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

London, Jan 10, 2026, 08:25 GMT — Market closed BP PLC (BP.L) shares rose 2.39% to close at 426 pence on Friday, ending the week on a firmer note. The stock is still about 10.6% below its 52-week high and trading volume was below its 50-day average. (MarketWatch) Oil did most of the work. Brent settled up 2.18% at $63.34 a barrel on Friday and U.S. WTI crude ended at $59.12 as traders weighed supply risks tied to Iran and the Russia-Ukraine war. “The uprising in Iran is keeping the market on edge,” said Phil Flynn, senior analyst with the
10 January 2026
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Valero Energy (VLO) stock slides as Venezuela oil moves and analyst targets reset ahead of earnings

Valero Energy (VLO) stock slides as Venezuela oil moves and analyst targets reset ahead of earnings

NEW YORK, Jan 9, 2026, 20:45 EST — Market closed. Valero Energy Corp shares fell 3.2% on Friday as investors weighed fresh analyst tweaks and fast-moving Venezuela headlines that could reshape heavy crude flows. The stock last traded down $6.04 at $185.28, after swinging between $182.70 and $194.50. The move matters because refinery earnings can turn quickly when feedstock costs or fuel prices shift. A key yardstick is the crack spread — the gap between crude costs and the value of products such as gasoline and diesel — and it has become the market’s shorthand for whether a refiner is
10 January 2026
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Exxon Mobil stock pops after-hours as CEO opens door to Venezuela return, earnings loom

Exxon Mobil stock pops after-hours as CEO opens door to Venezuela return, earnings loom

NEW YORK, Jan 9, 2026, 18:42 EST — After-hours Exxon Mobil Corporation shares rose in after-hours trading on Friday after CEO Darren Woods said the company was ready to evaluate a return to Venezuela, where Exxon left after its assets were nationalized nearly two decades ago. Woods made the remarks at a White House meeting arranged days after U.S. forces captured and removed Venezuelan President Nicolas Maduro from power. Exxon stock was up 1.4% at $124.61, after trading between $122.31 and $124.86. (Reuters) The shift matters because it puts Venezuela — and its oil contracts — back on the map
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

NEW YORK, Jan 9, 2026, 14:39 (EST) — Regular trading Valero Energy shares fell 3.2% to $185.16 Friday afternoon, after hitting an intraday low of $182.70. Marathon Petroleum was off 0.1% and Phillips 66 dropped 1.1%. Piper Sandler lowered its Valero price target to $217 from $223 and stuck with an “overweight” rating, The Fly reported. (TipRanks) The pullback comes with traders watching Washington. The White House was convening a meeting on Friday with oil producers, refiners and trading houses to discuss potential investment in Venezuela’s energy sector, a White House official said. Valero and Marathon were among the companies
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

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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