Energy stocks rally as U.S.-Iran attacks push oil prices higher

GeopoliticsCommodity Impact 4
โดย Investing.com·USIR·Read original
Summary · why it matters

U.S.-listed energy stocks climbed in premarket trading Monday, tracking a more than 2% jump in oil prices after American forces struck an Iranian island in the Strait of Hormuz and Tehran retaliated. Brent crude rose 3.5% to $91.20 a barrel, while U.S. West Texas Intermediate also gained 3.5% to $86.30 a barrel. In turn, energy stocks rallied, with Chevron up 1.7%, Exxon Mobil rising 1.5%, Occidental Petroleum advancing 1.8%, ConocoPhillips gaining 1.3%, Halliburton climbing 2.5%, and SLB rising 1.7%. Refiners also participated, with Marathon Petroleum up 0.6% and Phillips 66 gaining 1%. U.S. forces struck two missile launchers on Iran's Larak Island on Sunday, marking the first confirmed American strikes on Iran since late July, and Iran's Revolutionary Guards responded by striking two U.S. air bases in Jordan. President Trump added to the confusion with a social media post claiming Iran's Kharg Island energy hub was being "blown to smithereens," but Iran denied any strike occurred and said oil operations there were continuing normally. Efforts to end the conflict remain stalled as international mediators work to reopen the Strait of Hormuz, a chokepoint that carried roughly one-fifth of global oil supply before fighting broke out at the end of February. U.S. Treasury Secretary Scott Bessent told Reuters that Washington is likely to roll out new secondary sanctions against Iran on a weekly basis going forward.

Impact on stocks 10

Energy▲ · 4 stocks
ConocoPhillips
COP
▲ PositiveGeopoliticsrelevance

Oil price surge from U.S.-Iran attacks boosts upstream producer ConocoPhillips.

Chevron Corp
CVX
▲ PositiveGeopoliticsrelevance

Higher oil prices from geopolitical tensions lift Chevron's upstream earnings.

Halliburton Company
HAL
▲ PositiveGeopoliticsrelevance

Oil services demand expected to rise with higher oil prices and potential supply disruptions.

SLB N.V.
0SCL
▲ PositiveGeopoliticsrelevance

Oilfield services demand rises with increased drilling activity due to higher oil prices.

Energy Transition & Power Demand▲ · 2 stocks
Exxon Mobil Corp
XOM
▲ PositiveGeopoliticsrelevance

Higher oil prices directly benefit Exxon's upstream operations.

Synthetic Biology (non-pharma)▲ · 2 stocks
Marathon Petroleum Corp
MPC
▲ PositiveGeopoliticsrelevance

Refiner benefits from higher oil prices, though margin impact mixed; stock up 0.6%.

Phillips 66
PSX
▲ PositiveGeopoliticsrelevance

Oil price surge from U.S.-Iran attacks boosts refining margins and product demand.

Carbon Removal (DAC)▲ · 1 stocks
Consumer Staples▲ · 1 stocks

Theme Impact 2

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