News
The day at a glance · 3 min read
Mood · Risk-On
+68
Sentiment, −100 to +100
BP ADR Price
$47.65+3.7%
Chevron Singapore Stake
50%
Exxon HK Network Deal Range
$500M-$600M
Key driverBP's Q1 earnings exceeded expectations as Middle East conflict disrupted Strait of Hormuz shipping and drove crude prices higher, lifting oil trading profits substantially
Daily briefEnergy· Money365.Market AI ·

BP Earnings Surge on Iran War Trading Gains; XOM, CVX Eyed

British oil major doubles Q1 profit as Middle East conflict drives crude rally and trading revenues; Phillips 66 expands refining footprint

Oil & Gas Majors

Bullish
BPXOMCVX
BP ($BP) American depositary receipts climbed 3.7% to $47.65 after the British oil major reported first-quarter earnings that far exceeded analyst expectations. The results covered a period when war in the Middle East disrupted shipping through the Strait of Hormuz, sparking a surge in oil prices and generating substantial profits from $BP's oil trading operation. The strong performance sets the stage for upcoming earnings from ExxonMobil ($XOM) and Chevron ($CVX), with market participants closely watching how these integrated majors navigated the same volatile environment.
$CVX is likely to close a deal for the sale of its 50% stake in Singapore Refining and other regional assets to Japan's Eneos in May, according to sources familiar with the matter. Meanwhile, $XOM is in talks to sell its Hong Kong fuel-station network in a deal that could fetch between $500 million and $600 million, marking a potential shift by the global oil giant away from certain retail operations.

Refining & Downstream

Bullish
PSX
Phillips 66 ($PSX) Limited announced the completion of its acquisition of the assets and associated infrastructure of Prax Lindsey Oil Refinery Limited. The transaction expands $PSX's refining footprint in the UK market and follows the company's inclusion on multiple Zacks Rank #1 Strong Buy lists for both general and income-focused investors. The acquisition comes as refining margins remain supported by tight global product supply and ongoing geopolitical disruptions to crude and refined product flows.

Oilfield Services

Neutral
SLBHALGLND
SLB ($SLB) executives told investors the company's first quarter was heavily affected by operational disruptions tied to conflict in the Middle East, while pointing to growth in Digital and Production Systems segments. Despite near-term headwinds, management reiterated longer-term confidence in upstream investment and the company's strategic positioning. Separately, Greenland Energy ($GLND) announced it has signed an agreement with Halliburton ($HAL) for integrated consulting services and logistical management supporting its 2026 onshore drilling campaign in the Jameson Land Basin.

Utilities & Power Generation

Bullish

Duke 5-Year Investment Plan

$103B
DUKNEECRK
Duke Energy ($DUK) has outlined an industry-record $103 billion five-year investment plan to expand gas-fired plants, solar, batteries, and grid upgrades while securing a 20-year license renewal for its Robinson Nuclear Plant, which now has approval to operate through 2050. The massive capital program underscores how $DUK is tying long-lived nuclear assets to significant grid and generation investment to support rising data center and regional power demand over multiple decades.
NextEra Energy ($NEE) is leading a newly designated Texas Natural Gas-Fired Power Generation Hub in Anderson County targeting up to 5.2 GW of gas-fired capacity, with Comstock Resources ($CRK) positioned to potentially supply close to 1 Bcf of natural gas per day by 2031.

Looking Ahead

Neutral
XOMCVX
Market participants will closely monitor upcoming earnings from $XOM and $CVX to gauge how the integrated majors performed during the first quarter's Middle East-driven volatility and what their capital allocation priorities signal for the remainder of 2026. The sector remains focused on balancing energy transition investments with traditional oil and gas returns, while geopolitical supply risks continue to support crude prices. Investors are also tracking utility sector buildouts in nuclear and renewable capacity as data center power demand accelerates across North America.

Important Disclaimer — Not Investment Advice

Disclaimer: This article is provided by Money365.Market for general information and educational purposes only. It is not financial advice, a personal recommendation, or an inducement to buy, sell, or invest in any security or product. Capital is at risk and the value of investments can go down as well as up; past performance does not indicate future results. You should seek independent advice from an FCA-authorised adviser before making any financial decision.

Read the full disclaimer — 8 further points, including total-loss risk, our regulatory status and conflicts of interest

Nothing here is an offer or a solicitation to buy or sell anything, and reading it creates no advisory or fiduciary relationship between you and Money365.Market. Any decision you take is your own.

  • You can lose money — including all of it. Individual companies can and do fail, and some of the assets discussed can fall to zero. Only commit money you can afford to lose, and never borrow to invest on the strength of anything you read here.
  • Forecasts are opinion, not fact. Any valuation model, scenario, fair-value range, estimate or other forward-looking statement is illustrative, rests on assumptions that may prove wrong, and is never a price target, a forecast of actual outcomes, or a promise of any return.
  • Published at a point in time. Figures were believed accurate on the publication or last-updated date shown above and are not maintained afterwards; we are under no obligation to update them. Market and company data comes from third-party sources and is provided without warranty of accuracy, completeness or timeliness.
  • Automated content. This brief was compiled by an automated pipeline from validated news and market-data sources and passed through editorial and compliance checks. Automated content can still contain errors — verify anything you intend to rely on.
  • We are not regulated. Money365.Market is not authorised or regulated by the UK Financial Conduct Authority, is not registered with the U.S. Securities and Exchange Commission or FINRA as an investment adviser or broker-dealer, and is not a tax adviser. We hold no licence to give personal financial advice and do not do so.
  • Interests and independence. Money365.Market is not affiliated with, endorsed by or sponsored by any company, fund, exchange or platform mentioned, and is not paid to feature them. The author may hold positions in securities or assets discussed. The site earns revenue from advertising, subscriptions and, where labelled, affiliate links; this does not influence what we publish.
  • Your jurisdiction matters. Tax treatment, contribution limits, product availability and investor protections differ by country and can change. Speak to a qualified tax professional for tax matters, and to a locally licensed adviser if you are outside the UK.

Full terms: Disclaimer · Terms of Service · Privacy Policy