News
The day at a glance · 3 min read
Mood · Volatile
+15
Sentiment, −100 to +100
Brent Crude
$105.26+4%
Energy Market Overview
XOM Stock
$164.01-2.1%
Energy Market Overview
CVX Dividend Yield
3%+
Oil & Gas Majors
Key driverBrent crude jumped 4% above $105 per barrel, supporting oil majors while oilfield services declined on market concerns
Daily briefEnergy· Money365.Market AI ·

Brent Crude Tops $105 as Energy Equities Trade Mixed

Oil majors and oilfield services diverge; NextEra-Dominion merger advances; clean energy spending drops 17% globally in H1 2026

Energy Market Overview

Neutral
XOM
Brent crude reached $105.26 per barrel, rising 4% above $105, marking a significant move higher for the international oil benchmark.
ExxonMobil ($XOM) initially climbed 2.1% before retreating to $164.01 as the rally faded despite elevated crude prices. Analysts noted that high oil prices, strong production, and a solid balance sheet continue to support ExxonMobil ($XOM)'s outlook, though the company trades at a premium to peers.

Oil & Gas Majors

Bullish

Mozambique LNG Services

$12.7M
CVXXOM
Chevron ($CVX) passed the Minervini Trend Template and High Growth Momentum screen near a 52-week high, though technical analysts noted its chart needs a cleaner entry setup. The company yields over 3%, making it one of only a handful of Dow stocks above that threshold, and its emerging power business may provide dividend investors a new reason for interest beyond its traditional oil operations.
ExxonMobil ($XOM) was highlighted among energy stocks for dividend investors as oil prices rise, with analysts emphasizing the company is taking advantage of higher profits and lower valuations to reward shareholders. The company has also signed a Letter of Intent with Jan De Nul for early engineering, procurement, and technical services for the Mozambique Rovuma LNG project, valued at approximately $12.7 million.

Oilfield Services & Production

Neutral

HAL Stock

$36.07-2.85%

SLB Stock

$56.01-1.82%

DVN Stock

$50.02+2.12%
HALSLBDVN
Halliburton ($HAL) closed at $36.07, moving 2.85% lower from the previous trading session, suffering a larger drop than the general market.
SLB ($SLB) closed at $56.01, marking a decline of 1.82% from the prior day, also registering a bigger fall than the broader market.
Devon Energy ($DVN) closed at $50.02, gaining 2.12% from the prior day and ascending while the market fell. The independent producer has posted climbs for three consecutive sessions and is on track to clock two weeks in the green following its recently completed merger with Corterra Energy.
Industry analysis suggests the scarcity trade is beginning to affect the capital cycle, with energy scarcity pushing up commodity prices but concerns emerging about expected returns on new investment despite higher prices.

Renewables & Clean Energy

Neutral

FSLR Stock

$207.17+2%
FSLRSO
First Solar ($FSLR) closed at $207.17, moving 2% higher from the previous trading session and gaining as the broader market dipped. The solar manufacturer's outperformance comes against a challenging backdrop for the sector.
Global spending on clean energy and technology fell 17% in the first half of 2026 according to a new report, though analysis suggests the data does not tell the whole story. The decline represents a significant headwind for renewable energy growth metrics and capacity additions across solar and wind installations.
PowerSecure, a subsidiary of Southern Company ($SO), announced it is building standby power for Keel's Data Center Campus using modular PowerBlocks that will provide standby power and peak shaving capabilities at the facility.

Utilities & Power Infrastructure

Neutral

Combined Customer Accounts

10 million
NEE
NextEra Energy ($NEE) and Dominion Energy (NYSE: D) continue to make progress toward their proposed combination following shareholder approval of the transaction by both companies on September 3, 2026. The proposed combination would create one of the largest U.S. electric utility platforms, serving approximately 10 million customer accounts across four high-growth states.

Refining Sector

Bullish
VLO
Valero Energy ($VLO) made it to the Zacks Rank #1 Strong Buy growth stocks list on September 11, 2026. Analysts noted that refining companies are benefiting from strong refining margins, firm fuel demand, and tight inventories, though some facility turnarounds may curb near-term throughput for certain operators.

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