Chevron CorpU.S.-Iran strikes boost oil prices, benefiting Chevron.
Energy stocks led the market higher Monday as two major oil catalysts hit at once: the resumption of U.S.-Iran strikes sent oil prices up about 3%, lifting Chevron, Exxon Mobil, Halliburton, and Occidental Petroleum, while President Trump announced a deal with Venezuela to control more than 65 billion barrels of its oil reserves. Chevron opened at $208.18, up 1.00% on the session and 36.13% year-to-date, after reporting $12.1 billion in Q2 earnings and cutting debt by over $8 billion. Exxon Mobil traded at $162.91, up 1.20%, despite disclosing $706 million in Q1 losses tied to Middle East disruptions. Halliburton added 1.53% to $36.74, while Occidental rose 0.76% to $59.55, with CEO Richard Jackson saying the company fully offset Middle East production losses through Permian and Gulf of America volumes. The Venezuela deal adds a long-horizon reserves story, but degraded infrastructure means years of investment before new supply reaches the market.
Chevron CorpU.S.-Iran strikes boost oil prices, benefiting Chevron.
Halliburton CompanyOil price surge from Iran strikes lifts Halliburton.
Exxon Mobil CorpOil price increase from Iran strikes supports Exxon.
PG&E Corp
Occidental Petroleum CorporationIran strikes raise oil prices, aiding Occidental.
Deere & Company