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Trump officials say the oil-market disruption is temporary, but Chevron’s Mike Wirth and others warn global supplies are running low, with no respite in sight.

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock

Chevron is taking steps to more than double its production in Venezuela, planning to invest more than $7 billion in the country over the next five years.

Sept 2 (Reuters) - Chevron said on Wednesday it had agreed with Venezuela on updated terms for its joint ventures in the country and plans to invest more than $7 billion over the next five years,

President Trump is framing the deal for a US stake in 65 billion barrels of Venezuelan oil as a victory that will lower gasoline prices and replenish depleted crude reserves. It's far from certain the plan will lead to either during his presidency if at all. Trump pushed for a blockbuster move after growing frustrated that private oil companies, including ExxonMobil Holdings Corp. and ConocoPhillips, weren't moving quickly enough to boost production in Venezuela, according to people familiar with the matter. By starting a new venture directly controlled by the US, his administration is seeking to give producers more confidence to commit to developing the 17 oil fields involved in the deal. For more, we speak with Ellen Wald, President and Founder of Transversal Consulting & Senior Fellow at the Atlantic Council Global Energy Center.

↘️ PG&E (PCG): Shares of the California utility sank 8% premarket after lawmakers over the weekend introduced wildfire legislation that left out Gov. Gavin Newsom’s proposal to block insurance companies from suing utilities for wildfire-related claims.

ConocoPhillips is on track to hit an all-time closing high, based on data going back to 1972. The oil and natural gas company's shares are currently hovering around $135, up less than 0.1%. This would be the company's first new record closing high since November 2022.

Pacific Coast’s grab at some of the first assets made available under the interim government has spurred complaints from a local business dynasty.

Diamondback raised 2026 production guidance without lifting its $3.9B capex plan, putting efficiency gains at the heart of its earnings momentum.

Record Permian output and $4.2B free cash flow fuel Iraq and LNG expansion.

Futures for the Dow Jones Industrial Average and the other major stock indexes traded higher Tuesday, after it was reported the U.S. and Iran had reached "some sort of an arrangement" for a peace deal.

ConocoPhillips (NYSE:COP) reported second-quarter 2026 production above the high end of its guidance range, supported by record Permian Basin output, while also announcing that Chairman and Chief Executive Officer Ryan Lance will retire from the CEO role effective Sept. 1. Andy O'Brien, currently c

COP reaffirms a $7 billion free-cash-flow inflection by 2029, backed by lower capital spending, major projects and improving Permian efficiency.

The headline numbers for ConocoPhillips (COP) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Moby summary of ConocoPhillips's Q2 2026 earnings call

ConocoPhillips CFO Andy O’Brien is the latest finance chief to step into the top job, with current CEO Ryan Lance retiring next month after 14 years. The leadership change comes as U.S. oil giant ConocoPhillips reported its best quarterly results in four years, with profits of $3.9 billion, boosted by higher oil and fuel prices amid the Iran war, our WSJ colleague Benoît Morenne reports. CFO background and cred: O’Brien joined the company in 1997 and has held several finance, planning and strategy roles throughout his time.

By Anna Szymanski August 7 (Reuters) - Your weekly market recap, with reading, watching and listening recommendations from the ROI team From the Editor Tech earnings hogged the spotlight this week, as

ConocoPhillips (COP) beats production guidance with record Permian output, doubles share repurchases, and advances LNG and international growth initiatives.

The oil and natural gas company's higher earnings in the second quarter were primarily driven by higher prices. The average price it realized was $62.33 per barrel of oil equivalent, a 36% increase from the prior year.

Ryan Lance is retiring next month after 14 years leading U.S. oil giant ConocoPhillips and will hand the top job to Chief Financial Officer Andy O’Brien. During his tenure, ConocoPhillips cemented its dominant presence in Alaska, established itself as a top player in the Permian Basin, the largest oil field in the U.S., and made hefty investments in natural gas export terminals. The announcement Thursday came as ConocoPhillips reported its best quarterly results in four years, with profits of $3.9 billion, boosted by higher oil and fuel prices amid the Iran war.

As ConocoPhillips prepares to release second-quarter earnings on Thursday, Aug. 6, some investors may be eyeing potential gains from the company’s dividends. As of now, ConocoPhillips has an annual dividend yield of 2.85%. That’s a quarterly dividend amount of 84...

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.1% and the actively trad

ConocoPhillips recorded higher profit in the second quarter, driven by a 36% jump in average oil and gas prices, as it promoted its finance chief, Andy O’Brien, to become its new chief executive.

Asking for a Trend Host Josh Lipton previews several of the biggest stories to come Thursday, August 6, including earnings out from ConocoPhillips (COP), Warner Bros. Discovery (WBD), and Airbnb (ABNB), as well as key labor data in the form of initial jobless claims.

US equity markets were mostly pointing higher before the opening bell Thursday as investors assess p

Today Economic data: Weekly jobless claims, preliminary productivity and costs report for the second quarter, EIA weekly natural gas storage report, Challenger job-cuts report Earnings (a.m.): ConocoPhillips, Warner Bros Discovery, Kenvue, Fox Corp, Hertz, Keurig Dr Pepper, Datadog, Ralph Lauren Earnings (p.

Today Federal Reserve speakers: Fed governor Lisa Cook Economic data: the Energy Information Administration’s weekly petroleum status report, U.S. services PMI, global services PMI, ADP employment survey Earnings (a.

Today Earnings (a.m.): Merck, Pfizer, McDonald's, Caterpillar, Spotify, Apollo, TPG, Marathon Petroleum, Archer-Daniels-Midland, DuPont, Kimberly-Clark Earnings (p.m.): SpaceX, Advanced Micro Devices, ...

Wall Street was poised to open higher and oil prices flipped to significant losses Tuesday after President Donald Trump criticized oil companies for using the Iran conflict to amass excessive profits. Futures for the Dow Jones Industrial Average rose 1.2%, while S&P 500 futures rose 0.3%. Nasdaq futures jumped 1.1%.

Small-cap oil stock Forum Energy Technologies broke out on Monday after blowout second-quarter earnings. Most oil stocks fell with crude prices, though many of them are eyeing buy points in a busy week of earnings for the oil and gas sector.