Energy stocks down as Iran attacks regional US military base

Liberty Energy

23/06/2025 19:34

Updates

** Shares of U.S. oil and gas companies fall, tracking a more than $5 per barrel fall in crude prices O/R

** Brent crude futures LCOc1 fall 5.8% to 72.47/barrel; U.S. West Texas Intermediate crude futures CLc1 down 5.9% at $69.46/barrel

** Crude prices slipped after Iran attacked the U.S. military base in Qatar in retaliation for U.S. attacks on its nuclear facilities, and took no action to disrupt oil and gas tanker traffic through the Strait of Hormuz

** Oil majors Exxon Mobil XOM.N and Chevron CVX.N down 2.4% and 1.3%

** Shares of APA Corp APA.O fall 6.2%, Liberty Energy LBRT.N and Diamondback Energy FANG.O both down over 4%

** Occidental Petroleum OXY.N, Devon Energy DVN.N and ConocoPhillips COP.N down between 2.7% and 3.2%

** Oilfield services provider Halliburton HAL.N slide 5.3% SLB SLB.N down 4.4% and Baker Hughes BKR.O falls 3.2%

** BKR says it has taken temporary precautionary measures to "
demobilize personnel
" from Iraq

** Refiner PBF Energy PBF.N slides over 7%; Valero Energy VLO.N, Phillips 66 PSX.N, HF Sinclair DINO.N and Marathon Petroleum MPC.N fall between 1.3% and 2.6%

 (Reporting by Vallari Srivastava, Sumit Saha and Rashika Singh in Bengaluru)

 ((Rashika.Singh@thomsonreuters.com;))