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Exxon Mobil Corporation

Exxon Mobil Corporation

$XOM
NYSEEnergy

317 stories mentioning Exxon Mobil CorporationUpdated 1d ago

Exxon featured as Australia's Woodside dismissed media speculation it intended to acquire the firm, while energy shares moved on US-Iran peace news.

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Sectors

Sector Update: Energy Stocks Decline Monday Afternoon

Energy stocks were lower Monday afternoon, with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) each falling 1.2%.The Philadelphia Oil Service Sector Index dropped 2.6%, and the Dow Jones US Utilities Index was up 0.9%.Front-month West Texas Intermediate crude oil fell 2% to $85.31 a barrel, and the global benchmark Brent crude contract declined 1.8% to $92.68 a barrel. Henry Hub natural gas futures increased 0.1% to $2.78 per 1 million BTU.In corporate news, ExxonMobil (XOM) plans to expand automated drilling technology to half of its Permian Basin rig fleet by 2028 as it seeks to improve efficiency and increase oil production, Reuters reported Monday, citing an executive. The oil giant currently operates two automated rigs in the Permian and plans to raise that share to 25% next year, using robotics to reduce workers' exposure to high-risk areas and accelerate drilling, the report said, citing Bart Cahir, Exxon's senior vice president of unconventionals. Exxon shares were down 1.4%.Shell (SHEL) has drawn interest from potential bidders including ExxonMobil, LyondellBasell (LYB) and Apollo Global Management (APO) for its US chemicals assets, which could fetch up to $8 billion, the Financial Times reported. Shell shares decreased 0.5%.Eni (E) is expanding its investment in nuclear fusion, targeting a commercial fusion plant in Europe by the early 2040s or sooner, the Financial Times reported. Eni shares were down 2.2%.TotalEnergies (TTE) will invest in the Fujairah oil export pipeline expansion in Abu Dhabi and continue investing in the Middle East despite ongoing conflict in the region, Reuters reported Monday, citing CEO Patrick Pouyanne at the ONS energy conference in Norway. TotalEnergies shares were shedding 0.8%.

$E$SHEL$TTE$XOM
Sectors

Sector Update: Energy

Energy stocks were lower Monday afternoon, with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) each falling about 1.3%.The Philadelphia Oil Service Sector Index dropped 2.6%, and the Dow Jones US Utilities Index was up 0.9%.Front-month West Texas Intermediate crude oil fell 2% to $85.31 a barrel, and the global benchmark Brent crude contract declined 1.8% to $92.68 a barrel. Henry Hub natural gas futures increased 0.1% to $2.78 per 1 million BTU.In corporate news, Shell (SHEL) has drawn interest from potential bidders including ExxonMobil (XOM), LyondellBasell (LYB) and Apollo Global Management (APO) for its US chemicals assets, which could fetch up to $8 billion, the Financial Times reported. Shell shares were down 0.5%, and Exxon fell 1.5%.

$SHEL$XOM
Wire

Top Midday Stories: Treasury Reportedly Could Use General Account to Fund Buybacks; Trump Raises Tariffs on Canadian Cars and Steel to 50% on Jan. 1

Stocks were mixed in late-morning trading Monday, with the Dow Jones Industrial Average up and the S&P 500 Index and Nasdaq Composite down, as Treasury yields fell after CNBC reported that the US Treasury Department may tap its General Account to help fund its buyback operation.The US will raise tariffs on all cars, trucks, automotive parts and steel from Canada to 50%, effective Jan. 1, 2027, President Donald Trump said Monday on Truth Social.In company news, Nvidia (NVDA) customers are facing price increases of over 15% on servers equipped with its artificial intelligence chips due to rising memory costs, Bloomberg reported Saturday, citing people familiar with the matter. The price hikes will impact systems shipped early next year, including those with Vera Rubin and Grace Blackwell chips, the report said, citing the people. Separately, Nvidia is discussing an investment in AI startup Perplexity as part of a funding round that would value the company at more than $30 billion, The Information reported Sunday, citing people familiar with the talks. The round could be worth billions of dollars and would increase Perplexity's valuation by more than 50% from its last financing, the report said. Nvidia shares were down 2.2% around midday.Alibaba (BABA) has officially rolled out its Wan3.0 AI video generation tool, Reuters reported Monday, citing a post on China's WeChat platform. The new model is able to produce 30-second videos from documents, spreadsheets, slides and web pages, the report said. Separately, Alibaba Chief Executive Eddie Wu bought 350,000 shares of the company for about $5 million, according to a regulatory filing with the US Securities and Exchange Commission. Alibaba shares were up 0.7%.PDD (PDD) reported Q2 non-GAAP earnings Monday of 19.33 Chinese renminbi ($2.88) per diluted American depositary share, down from 22.07 renminbi a year earlier but above the FactSet consensus analyst estimate of 18.45 renminbi. Second-quarter revenue was 112.36 billion renminbi, up from 103.99 billion renminbi a year ago but below the FactSet consensus of 115.09 billion renminbi. PDD shares were down 1.9%.Shell (SHEL) has drawn interest from potential bidders including ExxonMobil (XOM), LyondellBasell (LYB) and Apollo Global Management (APO) for its US chemicals assets, which could fetch up to $8 billion, the Financial Times reported Monday, citing people familiar with the matter. Shell shares were down 0.5%, while Exxon, LyondellBasell and Apollo shares were down 1.6%, down 2.2% and up 0.2%, respectively.H.B. Fuller's (FUL) board has rejected Ancora's bid to acquire its building adhesives unit for up to $1.2 billion, the company said Monday. The board concluded Ancora's bid undervalued the unit and failed to take into account its potential to be a significant driver of earnings in the future, the company said. H.B. Fuller shares were down 0.9%.Braskem (BAK) filed for out-of-court restructuring Monday, which involved more than $10 billion in debt, Reuters reported, citing people familiar with the matter. The filing, which comes as the petrochemical company's 60-day creditor protection period expires, provides an extra 90 days to negotiate a final restructuring plan with creditors, according to the report. Braskem shares were down 4.3%.Paramount Skydance's (PSKY) Monday meeting with California officials was canceled after State Attorney General Rob Bonta accused the company of leaking details and negotiating in bad faith over its proposed acquisition of Warner Bros. Discovery (WBD), The New York Times reported. Paramount shares were down 0.8%, while Warner Bros. shares were up 0.7%.Zillow Group (Z) said Monday it has resolved a lawsuit brought by the US Federal Trade Commission and five states over its partnership with Redfin. Under the agreement, Zillow and Redfin are allowed to continue their partnership, which aims to provide multifamily rental listings from both companies. Zillow shares were up 2.3%.Price: $210.12, Change: $-4.60, Percent Change: -2.14%

$APO$BABA$BAK$FUL$LYB$NVDA$PDD$PSKY$SHEL$WBD$XOM$Z
Commodities

Market Chatter: Exxon Plans to Automate Half of Permian Rigs by 2028

Exxon Mobil (XOM) expects to automate up to half of its over 30 Permian rigs by 2028, compared with two automated units currently, Reuters reported Monday, citing Bart Cahir, Exxon's senior vice president.The development comes as the energy major it seeks faster drilling and less worker exposure to potentially dangerous tasks.Exxon's automated rigs are part of a broader push to raise output, while moving workers off the rig floor allows them to plan upcoming operations and improve drilling efficiency, according to the report. A contractor can operate robotic machinery from a small office to move 2,000-pound steel pipes, keeping workers off the rig floor, where most rig accidents occur.By 2030, Exxon expects Permian output to reach 2.5 million barrels of oil equivalent per day, representing nearly 40% growth, according to the report. Exxon did not immediately reply to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $164.25, Change: $-0.86, Percent Change: -0.52%

$XOM
Equities

Market Chatter: ExxonMobil to Automate Half of Permian Drilling Rigs by 2028

ExxonMobil (XOM) plans to expand automated drilling technology to half of its Permian Basin rig fleet by 2028 as it seeks to improve efficiency and increase oil production, Reuters reported Monday, citing an executive.The oil giant currently operates two automated rigs in the Permian and plans to raise that share to 25% next year, using robotics to reduce workers' exposure to high-risk areas and accelerate drilling, the report said, citing Bart Cahir, Exxon's senior vice president of unconventionals.ExxonMobil aims to boost Permian production by nearly 40% to 2.5 million barrels of oil equivalent per day by 2030 while developing more than 40 technologies to double oil recovery from the basin by the early 2030s, Reuters reported.ExxonMobil did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$XOM
Oil & Energy

Market Chatter: Exxon Mobil Temporarily Halts Operations on Guyana's Liza Unity FPSO

Exxon Mobil (XOM) temporarily halted operations at its Liza Unity floating production, storage, and offloading vessel off Guyana following a small fire in a laundry room, Bloomberg reported Monday.The company confirmed that all personnel onboard are safe and accounted for, according to the report.Operations were suspended strictly as a precautionary measure while safety checks are conducted, and regular workflows are scheduled to resume once inspections are finalized, the report noted.The company could not be reached out for comments immediately.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$XOM
Commodities

Market Chatter: Shell Eyes Multi-Billion Dollar Sale of US Chemical Assets; Exxon Among Suitors

Shell (SHEL) is exploring a potential multibillion-dollar sale of its US chemicals assets as the UK energy giant looks to divest its weaker-performing operations, the Financial Times reported Monday.The sale has attracted the interest of bidders such as US energy major ExxonMobil (XOM), LyondellBasell (LYB), private equity firm Apollo and the chemicals arm of state-owned Kuwait Petroleum Corporation. Interested bidders submitted non-binding indicative offers last month for a transaction which could result in a potential $8 billion sale, the report said, citing people familiar with the matter.Shell's US chemicals operations, which produce chemicals used in plastics, detergents and pharmaceuticals, are spread across four sites in Louisiana, Texas and Pennsylvania.It includes the Monaca, Pennsylvania complex, which received $14bn in investment from Shell, began operations in 2022, and produces up to 1.6mn tonnes of polymers annually. The potential sale price would be well below Shell's investment in its US chemical facilities, the report added.Shell declined to comment, while Exxon, LyondellBasell, Apollo and Kuwait Petroleum Corporation did not immediately respond torequest for comments.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$LYB$SHEL$XOM
Equities

Market Chatter: ExxonMobil Halts Crude Offloading From Liza Unity After Small Fire

ExxonMobil (XOM) temporarily suspended operations at its Liza Unity floating production, storage and offloading vessel off Guyana after a small laundry-room fire, Bloomberg reported Monday.The fire was quickly extinguished, with all personnel safe, while crude offloading was temporarily affected pending necessary safety checks before operations resume, according to the report.ExxonMobil did not immediately respond to' requests for comments.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$XOM
Sectors

Sector Update: Energy Stocks Mixed Late Afternoon

Energy stocks were mixed late Friday afternoon, with the NYSE Energy Sector Index slightly lower and the State Street Energy Select Sector SPDR ETF (XLE) fractionally higher.The Philadelphia Oil Service Sector Index was up 0.1%, and the Dow Jones US Utilities Index declined 2.2%.Front-month West Texas Intermediate crude oil rose 0.1% to $86.90 a barrel, and the global benchmark Brent crude contract increased 0.4% to $94.13 a barrel. Henry Hub natural gas futures added 0.8% to $2.76 per 1 million BTU.In corporate news, GE Vernova (GEV) said Friday that it was selected by Quinbrook for the third stage of the Supernode battery energy storage project in Queensland, Australia, expanding its role across all three stages of the development. GE Vernova shares were shedding 0.8%.A German regulator found a carbon credits project funded by an Exxon Mobil (XOM) unit to be suspicious, possibly faking or overstating its environmental impact, Bloomberg reported, citing a report from the German Environment Agency. Exxon shares were down 0.7%.Petrobras (PBR) shares added 0.6% after it said Friday that it has entered direct negotiations for exploration contracts covering four offshore blocks in Ghana's Keta Basin after the country's Ministry of Energy and Green Transition approved its application.TotalEnergies (TTE) and CMA CGM received European Commission approval to create a joint venture focused on liquefied natural gas bunkering logistics services, the Commission said Friday. TotalEnergies shares were down 0.8%.Brookfield Renewable Partners (BEP) shares were down 0.2%. The company said late Thursday it is planning to issue 750 million Canadian dollars ($545 million) of green bonds.

$BEP$GEV$PBR$TTE$XOM
Sectors

Sector Update: Energy Stocks Mixed Friday Afternoon

Energy stocks were mixed Friday afternoon, with the NYSE Energy Sector Index rising 0.1% and the State Street Energy Select Sector SPDR ETF (XLE) fractionally lower.The Philadelphia Oil Service Sector Index was decreasing 0.2%, and the Dow Jones US Utilities Index declined 1.7%.Front-month West Texas Intermediate crude oil rose 0.1% to $86.90 a barrel, and the global benchmark Brent crude contract increased 0.5% to $94.25 a barrel. Henry Hub natural gas futures added 1.1% to $2.76 per 1 million BTU.In corporate news, a German regulator found a carbon credits project funded by an Exxon Mobil (XOM) unit to be suspicious, possibly faking or overstating its environmental impact, Bloomberg reported, citing a report from the German Environment Agency. Exxon shares were down 0.5%.Petrobras (PBR) shares added 0.2% after it said Friday that it has entered direct negotiations for exploration contracts covering four offshore blocks in Ghana's Keta Basin after the country's Ministry of Energy and Green Transition approved its application.TotalEnergies (TTE) and CMA CGM received European Commission approval to create a joint venture focused on liquefied natural gas bunkering logistics services, the Commission said Friday. TotalEnergies shares were down 0.5%.

$PBR$TTE$XOM
Sectors

Sector Update: Energy

Energy stocks were slightly higher Friday afternoon, with the NYSE Energy Sector Index rising 0.2% and the State Street Energy Select Sector SPDR ETF (XLE) up 0.1%.The Philadelphia Oil Service Sector Index was decreasing 0.2%, and the Dow Jones US Utilities Index declined 1.7%.Front-month West Texas Intermediate crude oil rose 0.1% to $86.90 a barrel, and the global benchmark Brent crude contract increased 0.5% to $94.25 a barrel. Henry Hub natural gas futures added 1.1% to $2.76 per 1 million BTU.In corporate news, a German regulator found a carbon credits project funded by an Exxon Mobil (XOM) unit to be suspicious, possibly faking or overstating its environmental impact, Bloomberg reported, citing a report from the German Environment Agency. Exxon shares were down 0.3%.

$XOM
Commodities

Higher Oil Prices Lift US E&Ps, Fuel M&A Discussions, RBC Says

US oil producers are using higher crude prices to strengthen shareholder returns and debt plans as merger interest grows, RBC Capital Markets said in a Friday note.Oil prices reached a three-week high of $87 per barrel after President Donald Trump announced a "crushing economic operation" against Iran, RBC said.Despite higher prices, public US producers have shown little interest in sharply increasing output because structural demand growth remains limited.Instead, stronger oil prices have prompted producers to focus on debt repayment and shareholder returns, while some companies are also considering opportunistic hedging strategies.Trump also signaled potential support for reviving the Keystone XL pipeline, which could transport 830,000 barrels per day of heavy crude from Canada and the Bakken to Nebraska pipeline facilities before reaching Gulf Coast refineries.RBC said uncertainty remains over how Keystone XL would compete with rising Venezuelan crude volumes at US refineries as US producers prepare to sign supply contracts with Venezuela's state-owned oil company.Over the week, oil-weighted exploration and production companies gained 10%, while gas-weighted exploration and production companies rose 2%; large-cap and small- to mid-cap producers each advanced 7%, RBC saidThe SPDR S&P Oil & Gas Exploration & Production ETF rose 5%, while WTI gained 6% and Henry Hub natural gas increased 1% over the week, according to RBC.Merger discussions remained a key investor theme, with Exxon Mobil (XOM), Chevron (CVX), APA (APA), ConocoPhillips (COP), Diamondback Energy (FANG), Devon Energy (DVN) and EOG Resources (EOG) cited as potential buyers or targets.Antero Resources (AR), EQT (EQT), Ovintiv (OVV), Matador Resources (MTDR), Permian Resources (PR) and Infinity Natural Resources (INR) were also among the names investors identified in merger discussions, RBC said.Generalist investor interest in energy increased as WTI approached $90/bbl, while investors also raised questions about budgets and rising oilfield-services costs at higher crude prices, RBC said.Near-term catalysts include Devon Energy's plans to sell assets, Expand Energy's (EXE) new chief executive, and Tamboran Resources' (TBN) first gas sales.Price: $166.00, Change: $-0.15, Percent Change: -0.09%

$APA$AR$COP$CVX$DVN$EOG$EQT$EXE$FANG$MTDR$OVV$TBN$XOM
Equities

Market Chatter: ExxonMobil-Backed Carbon Credits Project Found Suspicious by German Regulator

A German regulator found a carbon credits project funded by an ExxonMobil (XOM) unit to be suspicious, possibly faking or overstating its environmental impact, Bloomberg reported Friday, citing a report from the German Environment Agency.The mid-January report from the German Environment Agency listed one ExxonMobil-backed project as one of the 30 China-based projects that authorities withdrew carbon credits from, according to Bloomberg. The projects had claimed to cut pollution from fossil-fuel extraction, the report added.A registration document seen by Bloomberg showed that the project funded by the ExxonMobil unit claimed to save nearly 96,000 tons of carbon dioxide, with an estimated price of 44 euros ($51.50) per ton. Bloomberg said the company would have spend 4.2 million euros on the project's credits.ExxonMobil and the German Environment Agency did not immediately respond to' requests for comments.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$XOM
Sectors

Sector Update: Energy Stocks Advance Late Afternoon

Energy stocks rose late Thursday afternoon with the NYSE Energy Sector Index increasing 0.9% and the State Street Energy Select Sector SPDR ETF (XLE) gaining 0.4%.The Philadelphia Oil Service Sector Index slid 0.4%, and the Dow Jones US Utilities Index shed 0.5%.Oil prices rose after President Donald Trump threatened economic retaliation on Iran and its trade partners.West Texas Intermediate crude oil gained 2.3% to $87.83 a barrel, and global benchmark Brent advanced 2.2% to $93.65 a barrel. Henry Hub natural gas futures fell 1.9% to $2.76 per 1 million BTU.In sector news, US natural gas stocks rose by 16 billion cubic feet in the week ended Friday, topping the 14 billion gain expected in a survey compiled by Bloomberg and following an increase of 36 billion in the previous week.Deutsche Bank (DB) has made several hires as part of a plan to rebuild its energy trading business after largely exiting the commodities sector over a decade ago, Bloomberg reported.In corporate news, Exxon Mobil (XOM) warned that Kazakhstan's Tengiz oil field is nearing peak production and that output will fall sharply over the coming decade, Bloomberg reported, citing a company presentation. Exxon shares rose 1.1%.Transocean (RIG) shares climbed 2.7%. The company secured a two-year contract with ONGC for its Dhirubhai Deepwater KG2 drillship, with work expected to begin in Q1 2027 and contribute about $300 million.Equinor (EQNR) shares gained 2%. The company agreed to sell crude oil to Poland's Orlen for three years from the Johan Sverdrup field on the Norwegian continental shelf, starting in September.Cactus (WHD) shares fell 5.9% after Citigroup downgraded the stock to neutral from buy and raised its price target to $75 from $67.

$EQNR$RIG$WHD$XOM
Sectors

Sector Update: Energy Stocks Rise Thursday Afternoon

Energy stocks rose Thursday afternoon with the NYSE Energy Sector Index gaining 1.1% and the State Street Energy Select Sector SPDR ETF (XLE) climbing 0.5%.The Philadelphia Oil Service Sector Index fell 0.5%, and the Dow Jones US Utilities Index was little changed.Oil prices rose after President Donald Trump threatened economic retaliation on Iran and its trade partners.West Texas Intermediate crude oil gained 2.2% to $87.72 a barrel, and global benchmark Brent advanced 1.5% to $93.12 a barrel. Henry Hub natural gas futures fell 3.5% to $2.72 per 1 million BTU.In sector news, US natural gas stocks rose by 16 billion cubic feet in the week ended Friday, topping the 14 billion gain expected in a survey compiled by Bloomberg and following an increase of 36 billion in the previous week.Deutsche Bank (DB) has made several hires as part of a plan to rebuild its energy trading business after largely exiting the commodities sector over a decade ago, Bloomberg reported.In corporate news, Equinor (EQNR) shares gained 1.6%. The company agreed to sell crude oil to Poland's Orlen for three years from the Johan Sverdrup field on the Norwegian continental shelf, starting in September.Exxon Mobil (XOM) warned that Kazakhstan's Tengiz oil field is nearing peak production and that output will fall sharply over the coming decade, Bloomberg reported, citing a company presentation. Exxon shares rose 1.7%.Transocean (RIG) shares climbed 2%. The company secured a two-year contract with ONGC for its Dhirubhai Deepwater KG2 drillship, with work expected to begin in Q1 2027 and contribute about $300 million.

$EQNR$RIG$XOM
Sectors

Sector Update: Energy Stocks Rise Pre-Bell Thursday

Energy stocks were rising pre-bell Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) up 1.3%.The United States Oil Fund (USO) was up 2.8% and the United States Natural Gas Fund (UNG) was 0.4% lower.Front-month US West Texas Intermediate crude oil was 2.7% higher at $88.16 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 2.4% to $93.81 per barrel, and natural gas futures were down 2% at $2.76 per 1 million British Thermal Units.ExxonMobil (XOM) warned that Kazakhstan's Tengiz oil field is nearing peak production and that output will fall sharply over the coming decade, Bloomberg reported, citing a company presentation. Shares of Exxon Mobil were up more than 1% premarket.Equinor (EQNR) stock was up more than 1% after the company said it signed a three-year agreement with Poland's Orlen for crude oil sale from the Johan Sverdrup field on the Norwegian continental shelf, starting in September.Transocean (RIG) secured a two-year contract with ONGC for its Dhirubhai Deepwater KG2 drillship, with work expected to begin in Q1 2027 and contribute about $300 million, the company said. Transocean shares were up more than 2% pre-bell.

$EQNR$RIG$UNG$USO$XLE$XOM
Commodities

Exchange-Traded Funds Lower, Equity Futures Mixed Pre-Bell Thursday Amid Renewed Inflation Concerns

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.5% and the actively traded Invesco QQQ Trust (QQQ) retreated 0.6% in Thursday's premarket activity as rising bond yields and a jump in oil prices renewed inflation concerns.US stock futures were mixed, with S&P 500 Index futures down 0.03%, Dow Jones Industrial Average futures slipping 0.1%, and Nasdaq futures gaining 0.1% before the start of regular trading.In premarket activity, bitcoin was up by 4.9%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 4.8% higher, Ether ETF (EETH) advanced 8.3%, and Bitcoin & Ether Market Cap Weight ETF (BETH) gained 3.8%.US initial jobless claims fell to a level of 206,000 in the employment survey week ended Aug. 15 from an upwardly revised 212,000 level in the previous week, compared with expectations for a level of 210,000 in survey of analysts compiled by Bloomberg as of 7:30 am ET.The Philadelphia Federal Reserve's monthly manufacturing index rose to 47.4 in August after advancing to 41.4 in July, compared with expectations for a decrease to a reading of 24.8 in a survey compiled by Bloomberg.Leading indicators data for July will be released at 10 am ET, followed by weekly natural gas stocks at 10:30 am ET.St. Louis Fed President Alberto Musalem is scheduled to speak Thursday.Power Play:FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) was down 0.7%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.8% higher.Strategy (MSTR) stock was up more than 10%, Coinbase Global (COIN) shares were up more than 6%, and Circle Internet Group (CRCL) was up 4% as Bitcoin rose above $71,000, continuing its advance from the previous day.Winners and Losers:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated 0.4%, the Vanguard Health Care Index Fund (VHT) was down 0.6%, while the iShares US Healthcare ETF (IYH) gained 0.9%. The iShares Biotechnology ETF (IBB) was 0.9% lower.Moderna (MRNA) shares were down 7% following a 177% rise at the prior close as a late-stage trial for a skin cancer treatment being developed in partnership with Merck (MRK) yielded positive topline results. Merck was 1% lower after a 13% rise at Wednesday's close.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 1.2%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was 1.1% lower, and the iShares US Consumer Staples ETF (IYK) retreated 0.04%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 1%. The VanEck Retail ETF (RTH) declined 1.5%, while the State Street SPDR S&P Retail ETF (XRT) fell 1.4%.Walmart (WMT) shares were down more than 6% pre-bell after the company's fiscal Q3 guidance trailed analyst expectations.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 0.7%, the iShares US Technology ETF (IYW) was 0.1% lower, and the iShares Expanded Tech Sector ETF (IGM) was down 0.7%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) retreated 1.1%, while the iShares Semiconductor ETF (SOXX) fell more than 1%.Palo Alto Networks (PANW) shares were down more than 2% in premarket activity after a 3.8% fall at the prior close. The company and NTT DATA said they have signed a multiyear alliance targeting $1 billion in joint business by the end of 2029 to support organizations' adoption of artificial intelligence and modernization of cybersecurity.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) retreated 0.5%, the Vanguard Industrials Index Fund (VIS) was down 0.1%, and the iShares US Industrials ETF (IYJ) was inactive.Navios Maritime Partners (NMM) stock was up more than 1% before the opening bell after the company reported higher Q2 adjusted earnings and revenue.EnergyThe iShares US Energy ETF (IYE) gained 0.5%, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 1%.ExxonMobil (XOM) stock was up more than 1% before market open. Bloomberg reported, citing a company presentation, that ExxonMobil warned that Kazakhstan's Tengiz oil field is nearing peak production and that output will fall sharply over the coming decade.CommoditiesFront-month US West Texas Intermediate crude oil rose by 3.7% to $89 per barrel on the New York Mercantile Exchange. Natural gas was down 2% at $2.76 per 1 million British Thermal Units. The United States Oil Fund (USO) increased 3.5%, while the United States Natural Gas Fund (UNG) was 0.6% lower.Gold futures for November were down by 0.7% at $4,514.70 an ounce on the Comex. Silver futures gained 0.7% to reach $67.03 an ounce. SPDR Gold Shares (GLD) declined 1%, and the iShares Silver Trust (SLV) was 0.1% lower.

Dow JonesNasdaq CompositeS&P 500$BETH$BITO$COIN$CRCL$EEM$EETH$EXI$FAS$FAZ$GLD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$MRK$MRNA$MSTR$NMM$PANW$PMR$QQQ$RTH$SLV$SOXX$SPY$UNG$USO$VDC$VHT$VIS$WMT$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XOM$XRT$XSD
Sectors

Sector Update: Energy

Energy stocks were rising pre-bell Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 1.3%.The United States Oil Fund (USO) was up 3% and the United States Natural Gas Fund (UNG) was 0.4% lower.Front-month US West Texas Intermediate crude oil was 2.7% higher at $88.13 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 2.5% to $93.94 per barrel, and natural gas futures were down 1.9% at $2.76 per 1 million British Thermal Units.ExxonMobil (XOM) warned that Kazakhstan's Tengiz oil field is nearing peak production and that output will fall sharply over the coming decade, Bloomberg reported, citing a company presentation. Shares of Exxon Mobil were up more than 1% premarket.

$XOM
Asia Markets

Update: US Equity Futures Fall Pre-Bell as US Threatens Iran's Trade Partners

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were edging lower pre-bell Thursday as traders monitored the situation in the Middle East, with the US announcing further economic pressure on Iran and threatening its trade partners.Dow Jones Industrial Average futures were 0.7% lower, S&P 500 futures were down 0.5%, and Nasdaq futures were 0.8% lower.President Donald Trump said that Iran will be subject to economic warfare "on an unprecedented scale," while also threatening economic consequences on any country that assists or does business with the Middle Eastern nation. "Oil smuggling, swap lines, cash transfers, exchange houses, ship registries, front companies - It all needs to stop NOW," Trump said in a post on Truth Social.Iran's Foreign Minister Seyed Abbas Araghchi in a post on X dismissed Trump's threat, calling it a diversion from America's challenges of "unprecedented debt & surging interest costs."Traders assessed the latest round of earnings, with Walmart (WMT) posting higher fiscal Q2 adjusted earnings and revenue.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 3% at $94.33 per barrel and US West Texas Intermediate crude 3.5% higher at $87.35 per barrel.Initial jobless claims fell to 206,000 in the week ended Aug. 15 from 212,000 in the previous week, compared with expectations for a decrease to 210,000. The Philadelphia Federal Reserve's monthly manufacturing index rose to 47.4 in August from 41.4 in July, compared with expectations for a drop to a reading of 24.8.July's leading indicators data is scheduled to be released 10 am ET.In other world markets, Japan's Nikkei closed 1.4% higher, Hong Kong's Hang Seng ended 0.8% higher, and China's Shanghai Composite finished 0.2% higher. Meanwhile, the UK's FTSE 100 was down 0.5%, and Germany's DAX index was 0.6% lower in Europe's early afternoon session.In equities, SK hynix (SKHY) stock was up 1.8% after The Korea Herald reported that the company and its labor union reached a tentative agreement to pay 60% of the chipmaker's profit-sharing bonuses in company shares. Shares of Exxon Mobil (XOM), Shell (SHEL), and TotalEnergies (TTE) were on the upswing as oil prices jumped. Exxon Mobil stock was up 1.8%, Shell shares rose 1.5%, and TotalEnergies stock was 2.3% higher.On the losing side, Walmart shares fell 6.6% after the company's fiscal Q3 adjusted EPS outlook fell short of analysts' consensus. Alibaba Group (BABA) stock was down 5.8% after the company reported lower-than-expected fiscal Q1 non-GAAP earnings. CrowdStrike (CRWD) shares were 3% lower after the company's global Chief Technology Officer Elia Zaitsev said in a LinkedIn post that he has stepped down from his role to launch an early-stage venture capital fund focused on cybersecurity.

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Equities

Market Chatter: ExxonMobil Expects Kazakh Tengiz Field to Reach Peak Production Next Year

ExxonMobil (XOM) warned that Kazakhstan's Tengiz oil field is nearing peak production and that output will fall sharply over the coming decade, Bloomberg reported Thursday, citing a company presentation.The company estimated Tengiz production to plateau in 2027 before declining to about 500,000 barrels per day by 2035, according to the presentation made to authorities in Astana.ExxonMobil's production estimates were based on the assumption that no large investments would be made to boost output, the report said, citing unnamed sources.ExxonMobil did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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