Frontline LtdWar-driven tanker chaos profits face downgrades as rates normalize with truce.
Brent crude has fallen more than 20% in the past month to around $72 a barrel as the Strait of Hormuz partially reopens under a fragile U.S.-Iran truce, creating a mixed outlook for energy stocks. ExxonMobil faces a slow recovery with damaged Qatari LNG trains that could take up to five years to repair, though its Permian and Guyana output helped it beat first-quarter estimates. Halliburton trades at $34, well below Citi's $52 target, as Middle East drilling activity remains depressed but its crews are positioned for a rebound. Frontline, the world's largest VLCC operator, saw record profits from war-driven tanker chaos but now faces downgrades as rates normalize. Valero hit an all-time high near $259 on strong refining margins, while KBR is a speculative bet on regional reconstruction, with shares down roughly a third over the past year to around $32.
Frontline LtdWar-driven tanker chaos profits face downgrades as rates normalize with truce.
Halliburton CompanyMiddle East drilling activity remains depressed due to fragile Hormuz truce.
Exxon Mobil CorpDamaged Qatari LNG trains could take up to five years to repair.
KBR IncSpeculative bet on regional reconstruction from fragile truce.
Valero Energy CorporationStrong refining margins drove Valero to all-time high near $259.