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Exxon Mobil Corporation

Exxon Mobil Corporation

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NYSEEnergy

203 stories mentioning Exxon Mobil CorporationUpdated just now

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

Commodities

Golden Pass LNG Ships First Cargo Amid Global Supply Strains, EIA Says

The Golden Pass LNG terminal shipped its first LNG cargo from Train 1, marking a key milestone for what is the 10th LNG export facility in the US, the US Energy Information Administration said on Thursday.The inaugural shipment departed on April 22, just 23 days after the facility achieved initial LNG production in March.The startup comes amid heightened geopolitical tensions affecting flows through the Strait of Hormuz, where disruptions have impacted over 10 billion cubic feet per day, roughly one-fifth of global gas supply.Golden Pass LNG is currently the only new US export terminal expected to begin shipments in 2026.The project, a 70:30 joint venture between QatarEnergy and ExxonMobil (XOM), reached a final investment decision in February 2019.Construction timelines were later extended after the lead contractor filed for Chapter 11 bankruptcy in 2024, forcing the developers to appoint a replacement to complete the project.The facility includes three liquefaction trains, each designed with a nominal capacity of 0.7 Bcf/d and a peak capacity of 0.8 Bcf/d. Once fully operational, the terminal will have a total nominal capacity of 2 Bcf/d and peak capacity of 2.4 Bcf/d.LNG plants often exceed nominal capacity in practice while remaining below peak thresholds.Upon completion, Golden Pass LNG is expected to rank as the third-largest US LNG export facility by nominal capacity, trailing Sabine Pass and Plaquemines LNG.The developers plan to bring Train 2 online in the second half of 2026, followed by Train 3 in the first half of 2027.Price: $149.74, Change: $+0.24, Percent Change: +0.16%

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Commodities

Golden Pass LNG Ships 1st Export Cargo From Texas Terminal

Golden Pass LNG, a joint venture between QatarEnergy and Exxon Mobil (XOM), launched its first liquefied natural gas export cargo on Wednesday from its terminal in Sabine Pass, Texas, the company said.This maiden voyage marks a critical step toward full commercial operations for one of North America's largest export facilities.The company noted that the construction and commissioning teams continue work on Trains 2 and 3, which will follow Train 1 into service once stable operations are established.At full capacity, the facility will export about 18 million tons of LNG annually.The massive infrastructure includes three liquefaction trains with a combined capacity of 18.1 million tons per year, five storage tanks holding 155,000 cubic meters each, and two marine berths capable of docking the world's largest LNG carriers.

$XOM
Sectors

Sector Update: Energy Stocks Advance Wednesday

Energy stocks gained Wednesday with the NYSE Energy Sector Index rising 1.1% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.2%.The Philadelphia Oil Service Sector Index climbed 1.8%, and the Dow Jones US Utilities Index shed 0.2%.Crude prices rose as Iran said it seized two container ships in the Strait of Hormuz, indicating heightened tensions even as President Donald Trump extended a ceasefire with Tehran.West Texas Intermediate crude oil rose 3.3% to $92.60 a barrel, and global benchmark Brent advanced 3.2% to $101.63 a barrel. Henry Hub natural gas futures gained 0.6% to $2.71 per 1 million BTU.In sector news, US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 2.2 million barrels in the week ended Friday following a decrease of 5.1 million in the previous week. Excluding inventories in the SPR, commercial crude oil stocks rose by 1.9 million after a drop of 900,000 in the previous week, compared with a decrease of 2 million expected in a survey compiled by Bloomberg.In corporate news, GE Vernova (GEV) shares jumped 14% after the company reported a jump in Q1 earnings and revenue and raised its annual sales forecast.Exxon Mobil (XOM) is considering a sale of its Esso-branded gasoline station network in Hong Kong, with the assets valued at $500 million to $600 million, Bloomberg reported. Exxon shares added 0.7%.Spire (SR) agreed to sell its Mississippi local gas distribution business to Delta Utilities, which is backed by Bernhard Capital Partners, for $75 million. Spire shares fell 0.7%.The US Supreme Court on Wednesday rejected Enbridge's (ENB) motion to move a lawsuit seeking to halt the company's operation of the Line 5 pipeline from Michigan state court to federal court. Enbridge shares fell 0.1%.

$ENB$GEV$SR$XOM
Sectors

Sector Update: Energy Stocks Rise Wednesday Afternoon

Energy stocks were higher Wednesday afternoon, with the NYSE Energy Sector Index rising 0.7% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1%.The Philadelphia Oil Service Sector Index was climbing 1.3%, and the Dow Jones US Utilities Index was up 0.2%.Crude prices rose Wednesday as Iran said it seized two container ships in the Strait of Hormuz, indicating heightened tensions even as President Donald Trump extended a ceasefire with Tehran. Iran's Islamic Revolutionary Guard Corps on Wednesday reportedly announced the seizure of two tankers attempting to cross the Strait of Hormuz, a key oil chokepoint. Trump extended a two-week ceasefire deal with Tehran late Tuesday, though he said the naval blockade of Iranian ports would continue.Front-month West Texas Intermediate crude oil was rising 3.9% to $93.12 a barrel, and the global benchmark Brent crude contract was advancing 3.5% to $101.88 a barrel. Henry Hub natural gas futures rose 1.1% to $2.73 per 1 million BTU.In sector news, US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 2.2 million barrels in the week ended April 17 following a decrease of 5.1 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks rose by 1.9 million barrels after a 900,000-barrel decline in the previous week, compared with the 2-million-barrel decrease expected in a survey compiled by Bloomberg.In corporate news, GE Vernova (GEV) shares jumped past 12% after it reported Wednesday a year-over-year jump in Q1 earnings and revenue, and raised its annual revenue forecast.Exxon Mobil (XOM) is considering a sale of its Esso-branded gas station network in Hong Kong, with the assets valued at about $500 million to $600 million, Bloomberg reported. Exxon shares added 0.4%.The US Supreme Court on Wednesday rejected Enbridge's (ENB) motion to move a lawsuit seeking to halt the company's operation of the Line 5 pipeline from Michigan state court to federal court. Enbridge shares were down 0.3%.

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Commodities

Saipem Wins $150 Million Early Work Order from ExxonMobil for Guyana's Longtail Project

Italian engineering and construction company, Saipem said Tuesday that it has received a limited notice to proceed valued at about $150 million from ExxonMobil (XOM) Guyana Limited for work on the Longtail development in the Stabroek Block offshore Guyana.The award covers early engineering and procurement activities for the subsea structures, umbilicals, risers and flowlines system, to be installed in waters approximately 1,750 meters deep.The LNTP enables Saipem to begin preliminary detailed engineering and procurement while the project awaits key approvals.Full execution of the engineering, procurement, construction and installation contract, including construction and offshore installation, remains contingent on government and regulatory clearances, as well as a final investment decision by ExxonMobil Guyana and its Stabroek Block partners.If sanctioned, the full contract is expected to run for around four years, with an estimated total value ranging from $750 million to $1.5 billion.Price: $148.65, Change: $+0.29, Percent Change: +0.20%

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Sectors

Sector Update: Energy Stocks Edge Higher Premarket Wednesday

Energy stocks were edging higher premarket Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.3%.The United States Oil Fund (USO) was down 0.5% and The United States Natural Gas Fund (UNG) was 1.4% higher.Front-month US West Texas Intermediate crude oil was 2% higher at $91.43 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 1.8% to $100.22 per barrel, and natural gas futures were up 2% at $2.75 per 1 million British Thermal Units.Exxon Mobil (XOM) is considering a sale of its Esso-branded gas station network in Hong Kong, with the assets valued at about $500 million to $600 million, Bloomberg News reported, citing people familiar with the matter. Shares of Exxon Mobil were 0.1% higher pre-bell.Seadrill (SDRL) shares were up 0.2% after the company said it secured two offshore drilling contracts from LLOG Exploration, a subsidiary of Harbour Energy, adding about $260 million to its backlog.

$SDRL$UNG$USO$XLE$XOM
Sectors

Sector Update: Energy

Energy stocks were edging higher premarket Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.2%.The United States Oil Fund (USO) was down 0.6% and the United States Natural Gas Fund (UNG) was 1.1% higher.Front-month US West Texas Intermediate crude oil was 1.5% higher at $91.03 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 1.5% to $99.96 per barrel, and natural gas futures were up 1.5% at $2.74 per 1 million British Thermal Units.Exxon Mobil (XOM) is considering a sale of its Esso-branded gas station network in Hong Kong, with the assets valued at about $500 million to $600 million, Bloomberg reported, citing people familiar with the matter. Shares of Exxon Mobil were 0.1% higher pre-bell.

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Equities

Market Chatter: Exxon Mobil Weighs Divestment of Hong Kong Fuel Retail Business

Exxon Mobil (XOM) is considering a sale of its Esso-branded gas station network in Hong Kong, with the assets valued at about $500 million to $600 million, Bloomberg reported Wednesday, citing people familiar with the matter.The move is part of Exxon's broader effort to streamline its global retail footprint as it reviews downstream assets in markets including France, New Zealand, and Hong Kong, the report said.Exxon Mobil didn't immediately respond to a request 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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Equities

Scotiabank Adjusts Price Target on Exxon Mobil to $163 From $128, Maintains Sector Outperform Rating

Exxon Mobil (XOM) has an average rating of overweight and mean price target of $165.35, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$XOM
Commodities

US Active Rig Count Slips by 1 Week Over Week, US-Focused Service Firms Perform Strongly in Q1: RBC

Baker Hughes (BKR) US active land rig count fell by one week over week to 529, RBC Capital Markets said on Monday, while the US oil land rig count was flat at 397.The gas land rig count decreased by two in the week to 125, while miscellaneous rigs increased by one. The US oil land rig count fell by four month over month, while the gas land rig count fell by six over the same period.The Permian Basin's active rig count was flat over the week at 242. That region alone has 61% of the Lower 48 rigs and 46% of total land rigs in the US.US December production, based on EIA data, was 13.2 million barrels a day, rising 1% year over year, mainly driven by rising offshore production, which climbed 12% year over year.At the same time, land production decreased by an average 111,000 barrels per day as increases in New Mexico were partially offset by reductions elsewhere.Natural gas withdrawals in the US were 132 billion cubic feet per day, up 4% and supported by gains in Louisiana and New Mexico, RBC said.The three most active drillers in the Permian Basin are Helmerich & Payne (HP), with 88 rigs and 35% of the total, Patterson-UTI Energy (PTEN) with 31 rigs and Nabors Industries (NBR) with 27 rigs.The most active Permian operators are Exxon Mobil (XOM) with 34 rigs, Occidental (OXY) with 20 and ConocoPhillips (COP) with 16.In Haynesville, the rig count fell by 1 to 55 and the three most active drillers were Helmerich & Payne with 10 rigs, Independence Contract Drilling (ICD) with 9 and Precision Drilling (PD) with 8.WTI crude stocks fell by 5% week on week, RBC said.NOV (NOV) lowered its first quarter guidance due to financial impacts from disruption in the Middle East during March. Its updated EBITDA guidance is for $177 million,RBC has downgraded NOV to sector perform it said, noting less compelling risk/reward opportunity in its shares.Stocks in RBC's coverage universe within oil and gas services have risen by 36% this year with US-focused firms outperforming those with exposure in the Middle East.

$BKR$COP$HP$NOV$OXY$PTEN$XOM
Commodities

Golden Pass LNG Set for 1st Export as Tanker Reportedly Arrives in Texas

An LNG tanker has arrived at the Golden Pass export facility in Texas to load the plant's inaugural cargo of superchilled natural gas, marking a key milestone after construction delays, news outlets reported on Monday.The Al Qaiyyah LNG tanker, owned by QatarEnergy, reportedly docked at the terminal, according to ship-tracking data.Golden Pass did not immediately respond to a request for comment from.Golden Pass said on March 30 that it had produced its first liquefied natural gas. The first shipment is expected to be delivered to Italy, Reuters reported.QatarEnergy holds a 70% stake in the project, while Exxon Mobil (XOM) holds the remaining 30%.On Monday, the facility was processing about 400 million cubic feet of gas, roughly half the 800 MMcf/d of its first liquefaction train, according to data cited by media reports. Two additional trains remain under construction.Train 1 has a capacity of 6 million metric tons per year. Based on ownership stakes, QatarEnergy is expected to receive just over 4 million tons annually, while Exxon Mobil will take just under 2 million tons.A second LNG carrier, the HL Sea Eagle, chartered by Exxon Mobil, was in the Gulf of Mexico on Monday and appeared to be heading toward Golden Pass, indicating it could load a subsequent cargo.

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Oil & Energy

Iran War Erases $50 Billion in Global Oil Revenue, Reuters Analysis Says

The Iran war has inflicted a staggering $50 billion blow to global energy revenues in just 50 days, according to a Reuters analysis released on Friday.Since the conflict erupted at the end of February, more than 500 million barrels of crude and condensate have been removed from the global market, the report noted.According to the analysis, in March alone, Gulf Arab nations lost about 8 million barrels per day of production, a volume nearly equal to the combined output of oil giants Exxon Mobil (XOM) and Chevron (CVX).The impact on refined products has been equally severe. Jet fuel exports from Saudi Arabia, Qatar, the UAE, Kuwait, Bahrain, and Oman collapsed from 19.6 million barrels in February to just 4.1 million barrels for March and April combined, it said.Global onshore inventories have fallen by 45 million barrels in April alone, while total production outages remain at roughly 12 million b/d, as per the report.The physical restoration of the region's energy infrastructure is expected to be a multi-year endeavor, it added.Price: $185.61, Change: $+1.62, Percent Change: +0.88%

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Asia Markets

Renewed Tensions in Middle East, Iran's Refusal to Restart Peace Talks Dampen US Equity Futures Pre-Bell

US equity futures were lower pre-bell Monday as tensions once again escalated in the Middle East after the US seized an Iranian cargo ship that tried to run its blockade of Iran's ports and Iran refused to restart peace negotiations with the US in Pakistan.Dow Jones Industrial Average futures were 0.5% lower, S&P 500 futures were down 0.4%, and Nasdaq futures were 0.4% lower.The US had said it wanted to resume negotiations before the two-week ceasefire with Iran ends on Tuesday, but Iran's foreign ministry said it would not join new talks due the ongoing blockade and "excessive demands" of the US.Over the weekend, Iran lifted and then reimposed its own blockade on vessels passing through the Strait of Hormuz.Some of the companies expected to report quarterly earnings this week are GE Aerospace (GE) and UnitedHealth Group (UNH) pre-bell on Tuesday, Tesla (TSLA) and IBM (IBM) after-market on Wednesday, Intel (INTC) after-market on Thursday, and Procter & Gamble (PG) pre-bell on Friday.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 4.9% at $94.81 per barrel and US West Texas Intermediate crude 5.6% higher at $87.25 per barrel.The economic calendar is vacant.In other world markets, Japan's Nikkei closed 0.6% higher, Hong Kong's Hang Seng ended 0.8% higher, and China's Shanghai Composite finished 0.8% higher. Meanwhile, the UK's FTSE 100 was down 0.6% and Germany's DAX index was 1.3% lower in Europe's early afternoon session.In equities, shares of major oil companies Exxon Mobil (XOM), Chevron (CVX), and ConocoPhillips (COP) were up 1%, 1.2%, and 1.7%, respectively, as oil prices increased on Monday. Marvell Technology (MRVL) stock was up 5.8% after The Information report the company was in talks with Alphabet's (GOOG, GOOGL) Google to develop two new processors optimized for artificial intelligence inference tasks.On the losing side, BHP Group (BHP) stock was down 1.2% after a Bloomberg News report the company and Mitsubishi Development started a review of their coal and other mining assets in Queensland over concerns about the royalty demands of the Australian state.

Dow JonesNasdaq CompositeS&P 500$BHP$COP$CVX$GE$GOOG$GOOGL$IBM$INTC$PG$TSLA$UNH$XOM
Sectors

Sector Update: Energy Stocks Fall Late Afternoon

Energy stocks were sharply lower late Friday afternoon, with the NYSE Energy Sector Index dropping 3.7% and the State Street Energy Select Sector SPDR ETF (XLE) falling 2.8%.The Philadelphia Oil Service Sector Index declined 1.1%, and the Dow Jones US Utilities Index decreased 0.5%.In sector news, oil prices plunged Friday as Iran's foreign minister said the Strait of Hormuz is "completely open" following a ceasefire in Lebanon. "In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire," Iran's Foreign Minister Seyed Abbas Araghchi said Friday in a post on the X platform.Front-month West Texas Intermediate crude oil slumped 11% to $84.23 a barrel, and the global benchmark Brent crude contract dropped 9.2% to $90.28 a barrel. Henry Hub natural gas futures rose 1.2% to $2.68 per 1 million BTU.In corporate news, Chevron (CVX), Exxon Mobil (XOM) and other major oil companies received backing from the US Supreme Court on Friday as the court ruled that lawsuits filed by Louisiana officials accusing them of harming the state's coastal areas should be transferred out of the state courts and into federal court, according to a court document. Chevron shares were down 2.1%, and Exxon shed 3.6%.An Astana court upheld a 2.356 trillion tenge ($5 billion) environmental fine against North Caspian Operating Co., the operator of Kazakhstan's Kashagan oil field, whose shareholders include Exxon Mobil, Shell (SHEL), TotalEnergies (TTE), and Eni (E), among others, Bloomberg reported. Shell shares dropped 4%, TotalEnergies shed 4.1%, and Eni fell 5.6%.Petrobras (PBR) said Friday it signed an agreement with Oranto Petroleum to buy a 75% working interest and assume operatorship of Block 3, an offshore exploration site in Sao Tome and Principe. Petrobras shares were down 4.9%.Exelon (EXC) shares fell 1.2% after multiple brokerages downgraded the energy provider.

$CVX$E$EXC$PBR$SHEL$TTE$XOM
Wire

Chevron, Other Oil Firms Gain US Supreme Court Backing in Louisiana Lawsuits

Chevron (CVX), Exxon Mobil (XOM) and other major oil companies received backing from the US Supreme Court on Friday as the court ruled that lawsuits filed by Louisiana officials accusing them of harming the state's coastal areas should be transferred out of the state courts and into federal court, according to a court document.The court issued an 8-0 ruling in a case brought by Plaquemines and Cameron parishes -- one of the 42 lawsuits filed in 2013 by several Louisiana coastal parishes and the state's attorney general seeking billions of dollars from energy firms to cover restoration and remediation costs.The parishes alleged the companies violated state law by failing to secure required coastal use permits, leading to environmental damage along the coastline.In an emailed statement to, Chevron applauded the Supreme Court's decision and said the plaintiffs' claims are "flawed as a matter of both state law and federal law" and it "looks forward to litigating these cases in federal court, where they belong."Shares of Chevron and Exxon Mobil were down 2.4% and 3.7%, respectively, in Friday afternoon trading.Price: $183.67, Change: $-4.48, Percent Change: -2.38%

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Sectors

Sector Update: Energy Stocks Fall Friday Afternoon

Energy stocks were sharply lower Friday afternoon, with the NYSE Energy Sector Index dropping 4.4% and the State Street Energy Select Sector SPDR ETF (XLE) falling 3.4%.The Philadelphia Oil Service Sector Index shed 0.6%, and the Dow Jones US Utilities Index was down 0.7%.In sector news, oil prices plunged Friday as Iran's foreign minister said the Strait of Hormuz is "completely open" following a ceasefire in Lebanon. "In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire," Iran's Foreign Minister Seyed Abbas Araghchi said Friday in a post on the X platform.Front-month West Texas Intermediate crude oil slumped 12% to $83.24 a barrel, and the global benchmark Brent crude contract dropped 10% to $89.24 a barrel. Henry Hub natural gas futures rose 1.8% to $2.69 per 1 million BTU.In corporate news, an Astana court upheld a 2.356 trillion tenge ($5 billion) environmental fine against North Caspian Operating Co., the operator of Kazakhstan's Kashagan oil field, whose shareholders include Exxon Mobil (XOM), Shell (SHEL), TotalEnergies (TTE), and Eni (E), among others, Bloomberg reported. Exxon shares fell 4.7%, Shell dropped 5.1%, TotalEnergies shed 4.9%, and Eni fell 7.2%.Petrobras (PBR) said Friday it signed an agreement with Oranto Petroleum to buy a 75% working interest and assume operatorship of Block 3, an offshore exploration site in Sao Tome and Principe. Petrobras shares were down 5.6%.Critical Metals (CRML) shares surged 36% after it said Friday that the Government of Greenland has approved the transfer of the remaining 50.5% stake in Tanbreez Mining Greenland, increasing the company's ownership to 92.5%.

$CRML$E$PBR$SHEL$TTE$XOM
Sectors

Sector Update: Energy

Energy stocks were sharply lower Friday afternoon, with the NYSE Energy Sector Index dropping 4.5% and the State Street Energy Select Sector SPDR ETF (XLE) falling 3.6%.The Philadelphia Oil Service Sector Index shed 0.6%, and the Dow Jones US Utilities Index was down 0.7%.In sector news, oil prices plunged Friday as Iran's foreign minister said the Strait of Hormuz is "completely open" following a ceasefire in Lebanon. "In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire," Iranian Foreign Minister Seyed Abbas Araghchi said Friday in a post on the X platform.Front-month West Texas Intermediate crude oil slumped 12% to $83.09 a barrel, and the global benchmark Brent crude contract dropped 10% to $88.96 a barrel. Henry Hub natural gas futures rose 1.5% to $2.69 per 1 million BTU.In corporate news, an Astana court upheld a 2.356 trillion tenge ($5 billion) environmental fine against North Caspian Operating Co., the operator of Kazakhstan's Kashagan oil field, whose shareholders include Exxon Mobil (XOM), Shell (SHEL), TotalEnergies (TTE), and Eni (E), among others, Bloomberg reported. Exxon shares fell 4.7%, Shell dropped 5.1%, TotalEnergies shed 4.9%, and Eni fell 7.2%.

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Commodities

Market Chatter: Kazakh Court Rejects Oil Majors' Appeal in $5 Billion Sulfur Dispute

A Kazakh court has upheld a $5.1 billion environmental fine against the international consortium operating the Kashagan oil field, the country's second-largest crude producer, Bloomberg reported on Friday, citing the Ministry of Ecology and Natural Resources.The ruling, delivered on April 8 by an appeals court in Astana, marks a significant setback for the North Caspian Operating Company in its long-running dispute with the Kazakh government.The fine, totaling 2.36 trillion Kazakhstani tenge ($5.1 billion), was originally imposed for storing excessive amounts of sulfur at the offshore field.NCOC said it disagrees with the Astana court's ruling, while reiterating that its sulfur-management operations were in full compliance with the law. The energy firm and its shareholders plan to pursue "all available avenues of recourse against this decision to defend their rights".The sulfur fine is linked to a broader $166 billion international arbitration dispute over Kashagan, Kazakhstan's second-largest oilfield.Meanwhile, though the court decision has entered into legal force, the NCOC still has the option to file a cassation appeal, the report said.NCOC is owned by Kazakhstan's state oil and gas company, KazMunayGas, alongside Eni (E), Shell (SHEL), TotalEnergies (TTE), ExxonMobil (XOM), Inpex, and China National Petroleum.NCOC did not immediately respond to' request for comment.The oil majors are also contesting the fine through other channels. The companies filed for international arbitration in February. Individually, the companies appealed the sulfur penalty to the Committee for Environmental Regulation and Control, which has yet to issue a decision, the Ministry of Ecology said.(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: $51.22, Change: $-4.17, Percent Change: -7.53%

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Sectors

Sector Update: Energy Stocks Lower Pre-Bell Friday

Energy stocks were mostly lower premarket Friday, with the State Street Energy Select Sector SPDR ETF (XLE) declining 4%.The United States Oil Fund (USO) was down 9.4%, while the United States Natural Gas Fund (UNG) was 1.4% higher.Front-month US West Texas Intermediate crude oil was down 11% to $84.67 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil declined 9.6% to $09.10 per barrel, and natural gas futures were 0.3% higher at $2.64 per 1 million British Thermal Units.An Astana court upheld a 2.356 trillion tenge ($5 billion) environmental fine against North Caspian Operating Company, the operator of Kazakhstan's Kashagan oil field, whose shareholders include Exxon Mobil (XOM), Shell (SHEL), TotalEnergies (TTE), and Eni (E), among others, Bloomberg News reported Friday.Shell shares fell 4.7% premarket, while Exxon stock was down more than 4% before the opening bell.TotalEnergies stock fell 4.2%, and Eni was down 5.7%.

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Equities

Kazakhstan Court Upholds $5 Billion Kashagan Sulfur Fine Against Consortium Including Exxon, Shell, TotalEnergies

An Astana court upheld a 2.356 trillion tenge ($5 billion) environmental fine against North Caspian Operating Company, the operator of Kazakhstan's Kashagan oil field, whose shareholders include KazMunayGas, Exxon Mobil (XOM), Shell (SHEL), TotalEnergies (TTE), Eni (E), Inpex and China National Petroleum, Bloomberg reported Friday.Kazakhstan's Ministry of Ecology and Natural Resources told Bloomberg that the April 8 ruling confirmed penalties tied to excessive sulfur storage at the field. The decision has entered into legal force, the report said.The penalty is tied to a wider $166 billion arbitration dispute over environmental claims and state revenue from the project, the report added. Kashagan remains central to Europe's supply shift away from Russian energy after Russia's invasion of Ukraine, it said.Exxon Mobil, Shell, TotalEnergies, Eni, Inpex and China National Petroleum did not immediately respond to' request for comment.

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