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Oil Industry News 6 January 2026 - 9 January 2026

Exxon stock jumps after Q4 upstream warning; oil rebound and Jan. 30 earnings loom

Exxon stock jumps after Q4 upstream warning; oil rebound and Jan. 30 earnings loom

New York, Jan 8, 2026, 19:09 EST — After-hours Exxon Mobil Corp shares jumped 3.7% to $122.91 in after-hours trading on Thursday. This boost came as oil prices bounced back and energy stocks broadly rallied. Investors were also reacting to a company filing released before quarterly earnings. The update matters because Exxon’s “earnings considerations” snapshot gives one of the first clear glimpses of how the oil giant is shaping up before reporting season, even as estimates fluctuate with every shift in crude prices and fuel margins. These early numbers from the company might influence analysts’ forecasts ahead of management’s Q&A
9 January 2026
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Indian Oil stock tumbles as tariff jitters and budget tax risk weigh on oil retailers

Indian Oil stock tumbles as tariff jitters and budget tax risk weigh on oil retailers

NEW DELHI, Jan 8, 2026, 17:58 IST Indian Oil Corp shares slid on Thursday, extending a four-session decline, as the state-run fuel retailer tracked a broader sell-off in Indian equities. The stock touched an intraday low of 155.80 rupees and was last down 3.87% at 156.37 rupees. https://www.moneycontrol.com/india/stockpricequote/refineries/indianoilcorporation/IOC https://www.marketsmojo.com/news/stocks-in-action/indian-oil-corporation-ltd-hits-intraday-low-amid-price-pressure-3785596 The drop landed as investors pulled back from risk assets, with Indian benchmarks posting their steepest one-day fall in over four months. Oil and gas shares were among the hardest hit sectors as traders weighed global policy risks and crude-market headlines. “The markets are not comfortable with the uncertainty over tariffs,”
8 January 2026
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Oil stocks slide before the open as Exxon flags up to a $1.2 billion hit — what to watch next

Oil stocks slide before the open as Exxon flags up to a $1.2 billion hit — what to watch next

New York, Jan 8, 2026, 06:15 EST — Premarket Oil stocks fell in U.S. premarket trade on Thursday, led by Exxon Mobil down 2.1% and ConocoPhillips off 3.3%. Exxon slid after it said in a regulatory filing that lower crude prices could cut fourth-quarter upstream earnings by about $800 million to $1.2 billion. Chevron was down 0.8% and the Vanguard Energy ETF, a broad gauge of the sector, dipped about 1%. Reuters Crude was firmer after two sessions of losses, but traders stayed wary of a supply glut and new uncertainty around Venezuelan oil flows. Brent rose 6 cents to $60.02
8 January 2026
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Chevron stock (CVX) slips after hours as Lukoil bid talk swirls and Venezuela oil deal drags crude

Chevron stock (CVX) slips after hours as Lukoil bid talk swirls and Venezuela oil deal drags crude

New York, January 7, 2026, 18:01 EST — After-hours Chevron Corp shares slipped in after-hours trade on Wednesday after a report said the oil major could team up with private equity group Quantum Energy Partners to bid for Lukoil’s international assets, valued by the Russian producer at $22 billion. The stock was down 0.8% at $155.20. A Chevron spokesperson said the company “continues to assess potential opportunities,” but declined to comment on commercial matters. Reuters The possible deal lands as oil prices retreat and investors brace for a looser supply picture. Brent settled down 1.2% at $59.96 a barrel and
8 January 2026
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Chevron stock price forecast: CVX slips as $22 bln Lukoil bid talk and Venezuela oil control jolt the outlook

Chevron stock price forecast: CVX slips as $22 bln Lukoil bid talk and Venezuela oil control jolt the outlook

NEW YORK, January 7, 2026, 15:29 EST — Regular session Chevron fell 0.9% to $155.17 in afternoon trade after Reuters reported private equity group Quantum Energy Partners is working on a bid that could involve the U.S. oil major for Lukoil’s international assets. A Chevron spokesperson said the company “continues to assess potential opportunities,” but declined to comment on commercial matters. Reuters The Chevron stock price forecast is suddenly less about refinery margins and more about politics, with Washington moving to take a hand in Venezuelan crude sales. “We need to have that leverage and that control of those oil
7 January 2026
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DHT Holdings stock jumps as tanker shares rally on Venezuela oil shake-up

DHT Holdings stock jumps as tanker shares rally on Venezuela oil shake-up

NEW YORK, Jan 7, 2026, 11:52 (EST) — Regular session Shares of DHT Holdings, Inc. rose 6.6% to $12.81 on Wednesday, extending a broad rally in U.S.-listed tanker stocks during the regular session. Frontline gained about 8%, Teekay Tankers added about 9%, Scorpio Tankers rose about 5% and Nordic American Tankers climbed about 6.7%. The move matters because DHT is a pure-play crude tanker owner, with most of its fleet made up of VLCCs — very large crude carriers that move oil on long-haul routes. That puts the stock close to the freight market: when spot rates (short-term charter prices)
7 January 2026
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Exxon Mobil stock slides as Trump’s Venezuela oil plan drags crude, filing due after close

Exxon Mobil stock slides as Trump’s Venezuela oil plan drags crude, filing due after close

NEW YORK, Jan 7, 2026, 11:38 EST — Regular session Exxon Mobil Corporation shares fell on Wednesday as oil prices slid and traders weighed fresh signals on Venezuelan supply. The stock was down $1.34, or 1.1%, at $119.71, after touching an intraday low of $118.96. Chevron was little changed while ConocoPhillips fell about 1%. The drop tracked crude after U.S. President Donald Trump said Venezuela would “turn over” between 30 million and 50 million barrels of sanctioned oil to the United States. Brent was down about 0.7% near $60 a barrel and U.S. West Texas Intermediate was off about 1.3%
7 January 2026
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Frontline (FRO) stock jumps as Venezuela tanker seizures stir oil-shipping bets

Frontline (FRO) stock jumps as Venezuela tanker seizures stir oil-shipping bets

New York, Jan 7, 2026, 11:12 EST — Regular session Frontline plc (FRO.N) shares rose about 7.7% to $23.27 by 11:12 a.m. EST on Wednesday, after swinging between $21.69 and $23.48 in early trading. The move came as traders leaned into crude-tanker names after the United States said it had seized a Venezuela-linked tanker that had been reflagged under Russia, part of a wider effort to choke off sanctioned oil movements. Crackdowns like that can squeeze the pool of “clean” ships available for mainstream cargoes, a setup that can lift spot freight rates quickly. Reuters Venezuela was loading crude only
7 January 2026
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UK stocks today: FTSE 100 retreats from record highs as BP, Shell slide on Venezuela oil deal

UK stocks today: FTSE 100 retreats from record highs as BP, Shell slide on Venezuela oil deal

London, Jan 7, 2026, 10:57 GMT — Regular session Britain’s FTSE 100 edged lower on Wednesday, with energy and precious-metal miners dragging after a run of record highs, while utilities and real estate stocks drew defensive bids. The blue-chip index was down 0.5% by 1010 GMT; BP fell 2.9% and Shell slid 2.2%, while Topps Tiles rose 1.5% after reporting a 3.7% rise in first-quarter revenue. “Small caps are clearly more attractively valued than large caps in the UK,” Joachim Klement, head of investment strategy at Panmure Liberum, wrote in a note. Reuters The move comes a day after London
7 January 2026
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Phillips 66 buys UK Lindsey oil refinery assets — but says it won’t reopen the plant

Phillips 66 buys UK Lindsey oil refinery assets — but says it won’t reopen the plant

London, Jan 7, 2026, 08:31 (GMT) Phillips 66 Limited said it had agreed to acquire assets and associated infrastructure from Britain’s Lindsey Oil Refinery and integrate key facilities into its Humber Refinery in North Lincolnshire. The company said it will not restart Lindsey as a standalone refinery, and UK lead executive Paul Fursey called the deal “an important step” in investing in Britain’s energy security. Phillips 66 Investor Relations The move matters for the UK’s shrinking refining base because it keeps Lindsey offline as a crude-processing site and turns the transaction into a logistics and storage play around the Humber
7 January 2026
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BP stock slides nearly 5% after Evercore downgrade; oil slump raises buyback questions

BP stock slides nearly 5% after Evercore downgrade; oil slump raises buyback questions

New York, Jan 7, 2026, 03:03 EST — Market closed BP’s U.S.-listed shares fell 4.9% on Tuesday, ending at $34.36 after trading between $34.34 and $36.12. The drop matters now because BP is heading into quarterly results and a leadership change with oil prices easing, putting fresh attention on whether shareholder payouts can hold up if crude stays weak. “Commodity leverage” refers to how sharply earnings and cash flow move with oil prices. Reuters Evercore ISI downgraded BP to “In Line” from “Outperform” with a $38 price target, pointing to the stock’s recent run, higher oil-price exposure and the coming
7 January 2026
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Chevron stock falls after Venezuela oil loading stalls, erasing CVX rally

Chevron stock falls after Venezuela oil loading stalls, erasing CVX rally

New York, Jan 6, 2026, 17:08 EST — After-hours Chevron Corp shares were down 4.4% at $156.54 in after-hours trading on Tuesday, after touching $165.94 earlier in the session and sliding to a low of $156.12. Chevron has become a focal point for investors betting on how quickly U.S. policy shifts might change oil flows from Venezuela, where it is the only U.S. major still operating. “This type of crude aligns well with the configuration of U.S. Gulf Coast refineries,” said Ahmad Assiri, a research strategist at Pepperstone, referring to Venezuela’s heavy sour crude — thicker oil with higher sulfur.
6 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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