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StockStory49d agoneutral
SLB (SLB) Stock Trades Down, Here Is Why

Shares of oilfield services provider SLB (NYSE:SLB) fell 3% in the afternoon session after crude oil dropped to its lowest level since the start of the Iran war, as tankers resumed transit through the Strait of Hormuz and the U.S. and Iran signaled progress toward ending the conflict.

StockStory49d agoneutral
Why Baker Hughes (BKR) Stock Is Down Today

Shares of energy technology company Baker Hughes (NASDAQ:BKR) fell 4.5% in the afternoon session after crude oil dropped to its lowest level since the start of the Iran war, as tankers resumed transit through the Strait of Hormuz and the U.S. and Iran signaled progress toward ending the conflict.

StockStory49d agoneutral
Why Halliburton (HAL) Shares Are Sliding Today

Shares of oilfield services company Halliburton (NYSE:HAL) fell 3.4% in the afternoon session after crude oil dropped to its lowest level since the start of the Iran war, as tankers resumed transit through the Strait of Hormuz and the U.S. and Iran signaled progress toward ending the conflict.

Roth Capital Upgrades ConocoPhillips (COP) to Buy. Here is Why
Insider Monkey49d agobullish
Roth Capital Upgrades ConocoPhillips (COP) to Buy. Here is Why

With an annual dividend yield of 3.00%, ConocoPhillips (NYSE:COP) is included among the 12 Best S&P 500 Stocks to Buy for Dividends. ConocoPhillips (NYSE:COP) is one of the world’s largest independent E&P companies based on oil and natural gas production and proved reserves. On June 22, Roth Capital upgraded ConocoPhillips (NYSE:COP) from ‘Neutral’ to ‘Buy’ and […]

Energy Stocks Could Be a Slick Trade
The Wall Street Journal51d agoneutral
Energy Stocks Could Be a Slick Trade

​📈 Follow our live markets data and coverage. Let’s face it: No one knows what will happen next with the Strait of Hormuz. A single social-media post or Iranian drone could send oil prices plunging or surging before the digital ink is dry on this newsletter.

Exxon Saves Billions, But Margins Still Cut In Half
Trefis51d agoneutral
Exxon Saves Billions, But Margins Still Cut In Half

Management once built its transformation story on massive cost discipline — and it's still telling it, louder than ever. Yet as profit margins fall by nearly half, a harder question emerges: if record cost savings can't hold the line, how resilient is the "transformed" company really.

XLE’s Concentration Risk Meets Oil’s Next Move: What to Monitor in June
24/7 Wall St.51d agoneutral
XLE’s Concentration Risk Meets Oil’s Next Move: What to Monitor in June

The Energy Select Sector SPDR Fund (NYSEARCA:XLE) has had a volatile two months. XLE climbed to $61.29 on May 19 as Brent crude touched $124.61 in early April on the de facto closure of the Strait of Hormuz, then gave back 12% in a month as crude collapsed toward the mid-$80s. The fund is still ... XLE’s Concentration Risk Meets Oil’s Next Move: What to Monitor in June

Here Are Monday’s Best Wall Street Analyst Research Calls: Accenture, Apple, Boyd Gaming, BWX Technologies, Conoco-Phillips, Estee Lauder, Hut 8, Incyte, SpaceX, and More
24/7 Wall St.52d agoneutral
Here Are Monday’s Best Wall Street Analyst Research Calls: Accenture, Apple, Boyd Gaming, BWX Technologies, Conoco-Phillips, Estee Lauder, Hut 8, Incyte, SpaceX, and More

Pre-Market Stock Futures: Futures are trading mixed as we prepare to finish the last full week of the second quarter. We finished a wild holiday-shortened trading week last Thursday, as Friday was the federal Juneteenth holiday, and all major indices rebounded smartly from the Federal Reserve-induced sell-off on Wednesday. Details of the signed memorandum of ... Here Are Monday’s Best Wall Street Analyst Research Calls: Accenture, Apple, Boyd Gaming, BWX Technologies, Conoco-Phillips, Estee Laud

Energy’s Hottest Trade: 6 High-Yielding Integrateds and Midstream Giants Are All Strong Buys
24/7 Wall St.52d agobullish
Energy’s Hottest Trade: 6 High-Yielding Integrateds and Midstream Giants Are All Strong Buys

While the hopes for a permanent cease-fire and a cessation of hostilities are the ultimate end-game plan for Iran and the Middle East, the reality is that while spot prices have plummeted to the lowest level since March, there will be an incredible amount of work and resources to put the supply chain and the ... Energy’s Hottest Trade: 6 High-Yielding Integrateds and Midstream Giants Are All Strong Buys