Exxon Mobil CEO Darren Woods stated that the current oil prices do not yet reflect the full extent of supply disruptions caused by the Iran war and the closure of the Strait of Hormuz. The market has so far been supported by oil tankers already in transit, strategic reserves, and commercial inventories, but these buffers will deplete if the strait remains closed. Woods expects oil flows from the Persian Gulf to take one to two months to normalize after the strait reopens, with prices likely to rise due to increased demand for refilling reserves. Exxon also warned that its Middle East production could drop by 750,000 barrels per day if the disruption continues through the second quarter, impacting about 15% of its total production.
In the first half of 2026, the Technology Select Sector SPDR Fund (XLK) led sector gains with a 33% return despite a June pullback due to AI spending concerns and Fed rate hike fears. The Energy sector (XLE) rose 21%, driven by supply disruptions and...
Exxon Mobil has been upgraded to a Buy rating due to oil inventories in the US and globally hitting multi-decade lows, with the US strategic petroleum reserve now below levels seen during the COVID pandemic. The analyst expects inventory refilling to...
Shell's 2026 LNG Outlook highlights a potential global supply shortfall starting around 2037 due to disruptions like the Strait of Hormuz incident and underinvestment in infrastructure. The report warns of flat or negative LNG trade growth in 2026, t...
Exxon Mobil maintains a "Buy" rating with a $170 price target, supported by strong Q1 results including $4.2 billion in GAAP earnings and $8.7 billion in cash flow from operations. Despite recent declines in oil prices from highs near $120, Exxon’s d...
