US energy stocks rise after Trump says attacks on Iran will continue

Coterra Energy

02/04/2026 15:07

Updates

**  S&P 500 energy index .SPNY up 2%,  tracking rise in crude prices O/R

** Brent crude futures LCOc1 up 7.9% at $109.12/barrel and U.S. West Texas Intermediate crude CLc1 futures rise 12.5% to $112.60/barrel

** Oil prices rise after President Donald Trump said the U.S. would continue attacks on Iran, stoking fears of prolonged disruptions to oil supply

** Energy giants Exxon Mobil XOM.N and Chevron CVX.N rise 2.3% and 3%, respectively

** Occidental Petroleum OXY.N, APA Corp APA.O, Diamondback Energy FANG.O, ConocoPhillips COP.N and Coterra Energy CTRA.N rise between 3.3% and 4.7%, among top percentage winners on energy index

** Oilfield services companies: SLB SLB.N gains 1% and Halliburton HAL.N up 2.5%

** Refiners: Phillips 66 PSX.N up 2.3%, Marathon Petroleum MPC.N gains 3.3% and Valero Energy VLO.N rises 3%

 (Reporting by Tharuniyaa Lakshmi and Varun Sahay in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))