US energy cos rise as crude hovers near six-week high

Baker Hughes

22/07/2026 10:23

** Shares of U.S. energy companies gain premarket, tracking higher crude prices O/R
** Brent crude futures LCOc1 up ~4% at $94.61/barrel and U.S. West Texas Intermediate crude futures CLc1 rise 4.2% to $87.87/barrel
** Prices rise to near six-week highs on concerns about disruptions to key Middle Eastern shipping routes amid escalating U.S.-Iran tensions and threats from Yemen's Iran-backed Houthis
** Energy majors: Exxon Mobil XOM.N and Chevron CVX.N up 1.1% each 
** Oil and gas producers: Devon Energy DVN.N up 1.9%, Occidental Petroleum OXY.N gains 1.4%, APA Corp APA.O rises 0.6% and SM Energy SM.N up 1%
** Oilfield services company Baker Hughes BKR.O up 0.7% and its peer SLB SLB.N gains 0.9%
** Refiners: Phillips 66 PSX.N gains 1.1% and Marathon Petroleum MPC.N up 1.6%     

 (Reporting by Sumit Saha in Bengaluru)
 ((Sumit.Saha@thomsonreuters.com;))