Energy Select Sector SPDR (XLE)

Chevron's premarket shares lower after Q1 results missed consensus, adjusted net earnings at $3.8 billion, quarterly dividend at $1.71 per share.

Peter Schiff says cheap oil is a sign of a struggling global economy, not just increased supply. Demand is down due to trade and recession fears.

The shale oil producer lowered its full-year capital expenditure plan to a range of $5.8 billion to $6.2 billion, a $200 million reduction at the midpoint.

Trump calls for immediate halt on Iranian oil and petrochemical purchases, threatening secondary sanctions. Energy markets react with WTI crude prices rising 1%, reflecting sensitivity to supply disruptions. China remains largest buyer of Iranian crude, drawing ire from US.

Several analysts have forecast that benchmark crude will remain below $65 per barrel in 2025, a price level at which oil producers are unable to raise production.

Energy sector, led by XLE, is down 11.47% in a month due to Trump's tariffs and falling oil prices. Chevron, Halliburton, Occidental hit hard.

Wall Street modestly up as investors await economic data and corporate earnings. Bond market continues rally, gold and oil prices fall.Wall Street rises modestly, bond market continues rally, gold and oil prices fall as investors await economic data and corporate earnings.

Valero analyst Neil Mehta upgraded the rating from Sell to Neutral, while raising the price target from $115 to $127.

Investors are pulling out of top tech ETFs, despite strong performance, in favor of blue-chip stocks. Defensive sectors see inflows as tech weakens.

Discover the best-performing energy stocks in 2025 so far - from coal to renewables - and which companies are leading the sector right now.

CEO Oliver Le Peuch reaffirmed the company’s financial targets, saying SLB expects to return more than 50% of free cash flow to shareholders and will “materially exceed this target” in 2025.

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This rally has all the hallmarks of a rip-your-face-off event; it looks a lot like a bear market rally.

Shell shares fell marginally Wednesday amid an 11.5% slide in April. The company is navigating geopolitical and regulatory challenges.

Energy underperformed during the recent stock market rally.

Chevron has started production from Ballymore project in the Gulf of Mexico. It is expected to deliver 75,000 barrels/day and marks Chevron's first in the Norphlet trend.