Oil & Gas 13 February 2026 - 1 March 2026

BP PLC Share Price Today: Stock Edges Up as Ceasefire Hopes Hit Oil

BP PLC Share Price Today: Stock Edges Up as Ceasefire Hopes Hit Oil

BP shares rose 0.5% to 560.12 pence in London Wednesday, tracking oil prices that fell after reports of a U.S. ceasefire proposal to Iran. Brent crude dropped 4% to $100.32 a barrel, while BP’s stock remained below last week’s 52-week high. BP halted share buybacks in February and sold its Gelsenkirchen refinery last week. Analysts warned oil prices could rebound if ceasefire talks stall.
March 25, 2026
Exxon stock watch: Oil jumps 10% on Iran conflict, setting up a big Monday for XOM

Exxon stock watch: Oil jumps 10% on Iran conflict, setting up a big Monday for XOM

Brent crude traded near $80 a barrel in weekend deals after U.S. and Israeli strikes on Iran, with at least 150 oil and LNG tankers halting near the Strait of Hormuz. Exxon Mobil closed Friday at $152.50, up 2.7%. OPEC+ agreed to raise output by 206,000 barrels per day from April. Several tankers and shipping firms suspended Hormuz transits after Tehran said it closed navigation.
March 1, 2026
BP share price could swing at the open as Iran talks and an OPEC+ decision put oil back in focus

BP share price could swing at the open as Iran talks and an OPEC+ decision put oil back in focus

BP shares closed at 470.25 pence in London, down 0.2%, while U.S.-listed shares rose 0.6% after hours. Brent crude traded near $71 as markets watched U.S.-Iran nuclear talks and awaited the March 1 OPEC+ meeting. Rising U.S. crude inventories limited oil price gains. BP’s buyback pause and focus on debt reduction continue to weigh on its stock.
February 26, 2026
Chevron’s Iraq oilfield gamble: one-year exclusive talks for West Qurna 2 after Lukoil sanctions

Chevron’s Iraq oilfield gamble: one-year exclusive talks for West Qurna 2 after Lukoil sanctions

Chevron has secured a one-year exclusive window to negotiate new terms for Iraq’s West Qurna 2 oilfield after U.S. sanctions forced Russia’s Lukoil to exit. Any transfer of the field requires Iraqi cabinet approval and clearance from U.S. sanctions authorities. West Qurna 2 produces about 480,000 barrels per day, nearly 10% of Iraq’s oil output.
February 25, 2026
Chevron stock holds up after Iraq opens exclusive talks on giant West Qurna 2 oilfield

Chevron stock holds up after Iraq opens exclusive talks on giant West Qurna 2 oilfield

Chevron secured a one-year exclusive negotiation period with Iraq for the West Qurna 2 oilfield after Iraq nationalized the site following U.S. sanctions on Russia’s Lukoil. Chevron shares closed up 0.53% at $184.91, little changed after hours. Oil prices remained near six-month highs, with Brent settling at $71.49 and WTI at $66.31. The agreement requires further approvals from Iraq’s cabinet and U.S. Treasury.
February 24, 2026
Gasoline prices tick up as Iran talks near; here’s what traders watch next

Gasoline prices tick up as Iran talks near; here’s what traders watch next

U.S. RBOB gasoline futures rose 0.3% to $2.2495 a gallon Monday, while AAA reported the national average retail price at $2.938. Gasoline inventories fell by 3.2 million barrels last week but remain 3% above the five-year average, according to the EIA. Brent crude slipped to $71.39 a barrel. Traders await Wednesday’s EIA inventory report and Thursday’s U.S.-Iran talks in Geneva.
February 23, 2026
Brent crude price slips near $71 as Iran talks and Trump tariffs keep traders on edge

Brent crude price slips near $71 as Iran talks and Trump tariffs keep traders on edge

Brent crude fell 37 cents to $71.39 a barrel Monday after hitting a six-month high, while U.S. WTI dropped 27 cents to $66.21. Traders are watching Thursday’s U.S.-Iran nuclear talks and a U.S. Supreme Court ruling that struck down parts of Trump-era tariffs. A winter storm in the U.S. Northeast pushed diesel crack spreads up 5%. Europe’s oil and gas sector index hit a record high as Brent briefly touched $72.44.
February 23, 2026
Exxon stock price jumps 3% as oil rallies and big projects hit fresh milestones

Exxon stock price jumps 3% as oil rallies and big projects hit fresh milestones

Exxon Mobil shares rose 3.07% to $150.68, outperforming Chevron and ConocoPhillips as oil prices jumped over 4% on supply concerns. The Golden Pass LNG project neared first production, and Exxon reported Guyana’s Uaru and Whiptail oil projects are ahead of schedule. Traders await U.S. inventory data Thursday. Exxon also filed a shelf registration for potential future debt issuance.
February 19, 2026
Gasoline prices jump as oil spikes on Iran risk — RBOB futures, UGA ETF climb

Gasoline prices jump as oil spikes on Iran risk — RBOB futures, UGA ETF climb

NYMEX RBOB gasoline futures rose about 2.5% to $1.96 a gallon Wednesday as oil prices jumped over 3% on renewed geopolitical supply risks. Brent crude climbed $2.38 to $69.80 a barrel, while U.S. WTI gained $2.39 to $64.72. Traders await U.S. inventory data from the API later Wednesday and the EIA on Thursday. AAA reported the national average for regular gasoline at $2.923 a gallon.
February 18, 2026
SLB stock price rebounds as Equinor awards OneSubsea North Sea upgrade — what to watch next

SLB stock price rebounds as Equinor awards OneSubsea North Sea upgrade — what to watch next

SLB shares rose 2.6% to $51.14 in morning trading Wednesday after its OneSubsea joint venture won a subsea upgrade contract from Equinor for Norway’s Gullfaks field. Oilfield services stocks climbed as crude jumped nearly 3% following stalled Russia-Ukraine peace talks and renewed U.S.-Iran tensions. Investors are watching for U.S. inventory data and SLB’s conference appearances for further direction.
February 18, 2026
Oil prices slide on U.S.-Iran talk progress; Brent hits two-week low before inventory data

Oil prices slide on U.S.-Iran talk progress; Brent hits two-week low before inventory data

Brent crude fell 2.1% to $67.24 a barrel Tuesday after Iran signaled progress in nuclear talks with the U.S. The Strait of Hormuz saw temporary closures for Iranian military drills, while a drone attack caused a fire at Russia’s Ilsky refinery. Oil from Kazakhstan’s Tengiz field is gradually returning after an outage. Many Asian markets were closed for Lunar New Year, limiting early trading activity.
February 17, 2026
Exxon stock slides in Tuesday trade as oil dips on U.S.-Iran talks; Australia fine adds wrinkle

Exxon stock slides in Tuesday trade as oil dips on U.S.-Iran talks; Australia fine adds wrinkle

Exxon Mobil shares fell 1.5% to $146.27 Tuesday, tracking declines across U.S. oil majors as crude prices slipped. Brent crude dropped 1.4% to $67.71 a barrel after Iran signaled progress in nuclear talks with the U.S. An Australian court fined Mobil Oil Australia A$16 million for misleading fuel claims. Exxon will appear at the Morgan Stanley Energy & Power Conference on March 3.
February 17, 2026
Exxon (XOM) stock slides as court fight and oil signals set up a holiday-shortened week

Exxon (XOM) stock slides as court fight and oil signals set up a holiday-shortened week

Exxon Mobil shares closed at $148.45, down 1.0% Friday, as a U.S. judge allowed its defamation suit against California’s attorney general over plastics recycling claims to proceed. Three contract workers suffered burns at Exxon’s Beaumont, Texas facility. Oil prices steadied but posted weekly losses. U.S. markets will remain closed through Monday for Washington’s Birthday.
February 14, 2026
Transocean (RIG) stock price nudges up premarket after $184 million Norway backlog update

Transocean (RIG) stock price nudges up premarket after $184 million Norway backlog update

Transocean shares rose 0.6% to $6.03 premarket after announcing new Norway contracts adding about $184 million in firm backlog. The company disclosed a seven-well extension for Transocean Encourage and two options for Transocean Enabler, extending commitments into 2027. Investors await Feb. 19 earnings and updates on the $5.8 billion Valaris acquisition.
February 13, 2026