NYSEARCA:XOP

Spdr(r) S&p(r) Oil & Gas Exploration & Production Etf ETF News

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$165.99
-5.03 (-2.94%)
At Close: Jun 05, 2026
XOP: Oil Turns Quiet, E&P Stocks Remain A Bargain
BP on Tuesday reported a fall in first-quarter profit, with results coming in below analyst expectations amid a "significantly weaker" margin in fuels.
As oil and natural gas prices show signs of rebounding, investors eagerly await to see if the upward trend will persist through today.
Affiliates of Vietnam's state oil firm PetroVietnam have made two new oil findings with combined initial reserves of 100.5 million barrels of crude oil, its exploration and production arm PVEP said on
Oil prices ticked up early on Tuesday after Israel struck Rafah in Gaza while negotiations for a ceasefire with Hamas continued without resolution.
The U.S. has sufficient supply of oil in the Strategic Petroleum Reserve to address any supply concerns and is monitoring markets on how to use it, Amos Hochstein, President Joe Biden's energy adviser
Oil traders last week unwound part of the risk premium that has been built into prices since the start of the year, but there's growing concern that an Israeli invasion of Rafah in Gaza is all but cer
According to recent reports, Israel said that the ceasefire plan was unacceptable.
Exxon claims right of first refusal on Hess' assets in Guyana under an agreement that governs a consortium developing the country's oil resources.
Saudi Arabia's strategic price hikes, geopolitical risks and supply/demand balance keep the crude oil market outlook cautiously bullish.
With Saudi Arabia boosting crude prices, oil futures saw an uptick, hinting at a strong summer demand despite Middle East tensions.
Oil futures edged up on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a Gaza ceasefire deal appeared slim, renewing fears the Israel-Hamas conflict could st
As Big Oil returns this week to the industry's annual showcase for offshore energy projects and equipment in Houston, deepwater discoveries off Guyana, Namibia and the U.S. Gulf Coast will take the sp
Crude oil traders should stay vigilant, monitoring upcoming OPEC+ decisions and potential U.S. actions regarding strategic oil reserves.
Oil traders are worried about a potential slowdown of the U.S. economy.
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