NYSEARCA:XOP

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$165.99
-5.03 (-2.94%)
At Close: Jun 05, 2026
The American Petroleum Institute CEO Mike Sommers discusses plans to drill Venezuelan oil and Texas' new gas power project on 'Varney & Co.' #foxbusiness #varneyandco
Chevron and TotalEnergies are among the oil majors snapping up offshore blocks in West and Southern Africa as compelling geology, regulatory reforms, and the need to restock spur a hunt for the next B
Mexico's state-owned oil firm Pemex on Wednesday said that it currently has one contract in force with Cuba, which has been in place since 2023, the company's CEO Victor Rodriguez Padilla said during
As oversupply fears meet geopolitical tensions, crude oil trades quietly within its latest $5 range. Learn why patience matters for traders awaiting a breakout.
Market leadership is shifting from abundant, easily scaled software businesses to hard assets and scarcity-driven sectors like energy, infrastructure, and industrials. I favor energy stocks—both ups
WTI holds steady as Middle East tensions and a sharp API draw support crude oil prices, lifting the oil outlook while traders watch key trend and inventory analysis.
Trump announced that a trade deal had been reached with India, claiming that New Delhi would stop buying Russian oil as part of the agreement. India has not commented on that, and Russia said it has
Russia faces a steep drop in oil income if U.S. President Donald Trump successfully pressures India to stop importing Russian crude, because losing its top purchaser of seaborne exports would force Mo
Russian state oil and gas revenues halved in January compared to the same month of last year, hitting their lowest level since July 2020, according to finance ministry data.
Most Gulf stock markets rose in early trade on Wednesday, tracking firmer oil prices and upbeat corporate earnings, while investors assessed the potential market fallout from escalating Middle East te
Valaris Limited remains a Strong Buy, driven by robust operating leverage and resilient day rates despite oil oversupply concerns. OPEX per day is structurally stable, enabling VAL to fully capitalize
Venezuela says oil prices will follow markets, not U.S. pressure, amid sanctions uncertainty. The Venezuelan ambassador to China also sought to assure that Chinese investment in Venezuela will be secu
Oil prices climb toward $64 after a sharp inventory draw and renewed supply risks. WTI eyes $66 as traders weigh geopolitics, OPEC+ signals, and trend support.
India relies on Russia for roughly a third of its oil imports, up from just 2% before Russia invaded Ukraine in early 2022.
The United States has now returned to the Venezuelan government all $500 million from the initial sale of oil that was part of a deal reached between Caracas and Washington last month, a U.S. official
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