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Oil Industry News 5 January 2026 - 6 January 2026

ConocoPhillips stock dips below $100 as oil slides on Venezuela supply talk

ConocoPhillips stock dips below $100 as oil slides on Venezuela supply talk

New York, Jan 6, 2026, 15:17 EST — Regular session ConocoPhillips shares (COP.N) fell 1.8% to $97.39 by 3:02 p.m. EST, retreating with other U.S. oil majors after a sharp move a day earlier. Exxon Mobil (XOM.N) was down 2.9% and Chevron (CVX.N) slid 4.5%. Oil prices eased as traders weighed expectations of ample global supply in 2026 against uncertainty over Venezuelan output after the U.S. capture of President Nicolas Maduro at the weekend. Brent crude was down 1.1% at $61.07 a barrel and U.S. West Texas Intermediate slipped 1.4% to $57.53 by early afternoon. “Oil supply will be sufficient
6 January 2026
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Exxon Mobil (XOM) stock slips after Venezuela-fueled rally as investors weigh oil supply risks

Exxon Mobil (XOM) stock slips after Venezuela-fueled rally as investors weigh oil supply risks

New York, January 6, 2026, 11:10 ET — Regular session Exxon Mobil Corp shares were down 1.4% at $123.63 on Tuesday, retreating from a surge a day earlier as traders reassessed what Washington’s Venezuela push could mean for oil supply and Big Oil’s returns. The stock opened at $125.40 and touched a session high of $126.11 before sliding toward $123.58. The pullback comes as the oil market enters 2026 with a surplus expected by many forecasters, a setup that can cap crude prices and pressure cash flow at producers. A Reuters poll of 34 economists and analysts forecast Brent averaging
6 January 2026
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Chevron stock drops as Venezuela oil turmoil collides with earnings countdown

Chevron stock drops as Venezuela oil turmoil collides with earnings countdown

New York, January 6, 2026, 10:41 AM EST — Regular session Chevron shares fell nearly 2% on Tuesday, pulling back after a sharp Venezuela-driven rally to start the year. The stock was down $3.27 at $160.58 in morning trading, while Exxon Mobil and ConocoPhillips also slipped. The move matters because Chevron is the only U.S. oil major still operating in Venezuela, putting it at the center of any policy shift after U.S. forces ousted Venezuelan President Nicolas Maduro. The Trump administration plans to meet oil executives later this week, and White House spokesperson Taylor Rogers said U.S. companies were “ready
6 January 2026
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Brazil stock market today: Oil shock, Ibovespa reshuffle and a CEO switch to watch before the B3 bell

Brazil stock market today: Oil shock, Ibovespa reshuffle and a CEO switch to watch before the B3 bell

Sao Paulo, Jan 6, 2026, 06:55 BRT — Premarket Brazil’s benchmark Ibovespa heads into Tuesday’s open near recent highs after closing up 0.83% at 161,869.76 points, as investors weighed Venezuela-related geopolitical risk against firmer commodities. Bora Investir Why it matters now: the index is heavily tilted toward banks and commodity-linked names, so swings in crude and iron ore can quickly set the tone for the whole tape. That sensitivity is amplified this week by portfolio rebalancing tied to the new Ibovespa composition. Bora Investir+1 Rate expectations are the other pressure point. Brazil’s “Focus” survey — the central bank’s weekly compilation
6 January 2026
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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

London, Jan 6, 2026, 07:53 GMT — Premarket BP shares (BP.L) will be in focus at the London open on Tuesday after TechnipFMC said it won a $600 million-$800 million iEPCI contract — a bundled design-to-install offshore package — from BP for its high-pressure Tiber development in the Gulf of America. BP ended Monday down 0.6% at 435.25 pence. technipfmc.com+1 The award matters because investors have pressed oil majors to keep capital spending tight while returning cash through dividends and buybacks. For BP, new deepwater work tests that balance as crude prices sit near multi-year lows and the market debates
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

New York, Jan 5, 2026, 20:48 EST — Market closed ConocoPhillips (COP) shares closed up about 2.6% on Monday at $99.20. Energy stocks rallied after President Donald Trump said Washington would keep an embargo on Venezuelan oil exports in place for now while his administration lined up talks later this week with oil executives on reviving output there — a project analysts say would take years and billions of dollars. Reuters Investors are also revisiting the company’s Venezuela-related claims, rather than its near-term drilling prospects. J.P. Morgan analysts said ConocoPhillips has outstanding claims approaching $10 billion, and the stock rose
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

New York, Jan 5, 2026, 20:46 EST — Market closed Halliburton Co (HAL.N) shares jumped 7.9% on Monday to $31.92, after touching a session high of $33.33. SLB (SLB.N) added 9.0% and Baker Hughes (BKR.O) rose 4.1%, while the VanEck Oil Services ETF gained 5.2%. The gains followed a sharp move across energy names after U.S. forces captured Venezuelan President Nicolás Maduro, lifting expectations that Washington’s action could open a path for U.S. firms to re-engage with Venezuela’s oil sector. The Trump administration plans to meet with executives from U.S. oil companies later this week to discuss boosting Venezuelan production,
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

New York, Jan 5, 2026, 13:39 EST — Regular session Chevron (CVX) shares rose 5.7% to $164.78 in early afternoon trading on Monday, after swinging between $159.33 and $171.50. ConocoPhillips (COP) gained 3.3% and Exxon Mobil (XOM) added 2.4% as traders rotated into oil names after U.S. forces captured Venezuelan President Nicolás Maduro and investors bet the move could reshape access to the country’s crude. Reuters The rally matters now because Chevron is the only U.S. major still operating in Venezuela under a U.S. waiver — government permission to keep working despite sanctions — leaving it positioned to move faster
5 January 2026
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Chevron stock jumps nearly 6% as Venezuela shock lifts oil; Dow component sets Jan. 30 earnings call

Chevron stock jumps nearly 6% as Venezuela shock lifts oil; Dow component sets Jan. 30 earnings call

New York, Jan 5, 2026, 13:27 EST — Regular session Chevron (CVX) shares climbed 5.8% to $164.92 in early afternoon trading, after touching an intraday high of $171.50. The Dow Jones Industrial Average component was among the session’s biggest gainers as oil-linked names outperformed. The move matters because investors are trying to reprice what U.S. intervention in Venezuela could mean for future crude flows and for the few companies with on-the-ground exposure. Wall Street’s energy stocks pushed higher as President Donald Trump’s administration moved against Venezuelan President Nicolás Maduro, even as Trump said a U.S. embargo on Venezuelan oil remained
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

New York, January 5, 2026, 12:39 PM EST — Regular session Exxon Mobil Corp shares rose about 2% to $125.08 in midday trading on Monday, as energy stocks gained after U.S. forces captured Venezuelan President Nicolas Maduro over the weekend. Analysts at J.P. Morgan said the upheaval could improve the odds Exxon recovers arbitration damages — compensation ordered by an arbitration panel after a legal dispute — tied to assets seized in 2007. Reuters The move matters because Venezuela holds roughly 17% of global oil reserves, and any shift in U.S. sanctions policy would reshape long-dated supply expectations and, in
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

NEW YORK, Jan 5, 2026, 09:52 EST SLB shares jumped about 8% in early New York trading on Monday, tracking a sharp rally across oilfield-services stocks. The shares were up $3.25 at $43.45 at 9:40 a.m. ET, while Halliburton gained about 7.5% and Baker Hughes rose about 4.7%. The move followed President Donald Trump’s comments that the United States would take control of Venezuela after the arrest of President Nicolas Maduro, stoking bets that U.S. companies may eventually help rebuild the country’s oil industry. Reuters reported that oilfield-services firms, whose technology would be needed to lift output, were among the
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

NEW YORK, Jan 5, 2026, 09:27 (ET) Halliburton shares jumped about 4.7% to $29.60 in premarket trading on Monday, extending a rally across oilfield-services names after U.S. President Donald Trump signaled a push to reopen Venezuela’s oil industry. Source The spike matters because a Venezuelan oil rebuild, if it proceeds, would require the drilling, pumping and well-completion work that service firms sell — and it would arrive as investors reset expectations for 2026 upstream spending. It also drops into a market that has been short on clear catalysts for oilfield services, where growth has increasingly depended on large international projects
5 January 2026
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Stock Market Today

Rio Tinto stock jumps as Glencore mega-merger is shelved; what to watch next week

Rio Tinto stock jumps as Glencore mega-merger is shelved; what to watch next week

7 February 2026
Rio Tinto’s U.S. shares closed up 2.5% at $93.37 Friday after the company ruled out a merger with Glencore, triggering a six-month “no-bid” lockout under UK takeover rules. Both companies cited disagreements over valuation. Attention now turns to Rio’s Feb. 19 results and iron ore prices, which fell below $100 a tonne amid weak Chinese demand.
iFAST share price drops 3% as markets shut; earnings next week in focus

iFAST share price drops 3% as markets shut; earnings next week in focus

7 February 2026
iFAST shares fell 3.2% to S$9.64 in heavy trading Friday, closing near the day’s low as investors awaited FY2025 results due Feb. 12. The stock is about 13% below its 52-week high. iFAST recently agreed to buy a 30% stake in Financial Alliance for S$19.6 million, pending regulatory approval. Assets under administration stood at S$30.62 billion as of Sept. 30.
Sembcorp Industries share price: what to watch after Friday dip as Feb 25 results near

Sembcorp Industries share price: what to watch after Friday dip as Feb 25 results near

7 February 2026
Sembcorp shares closed at S$6.05 on Friday, down 0.33%, as Singapore’s STI dropped 0.8%. Shareholders approved the A$6.5 billion Alinta Energy takeover on Jan 30, but the deal still faces regulatory and closing conditions. Sembcorp will release FY2025 results on Feb 25 before market open. Trading volume reached about 4.3 million shares.
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