US energy companies gain on rising oil prices as Iran war stand-off persists

Marathon Petroleum

28/04/2026 10:29

** Shares of U.S. energy companies gain premarket, tracking rise in oil prices

** Brent crude futures LCOc1 up 2.6% at $111.05/barrel; U.S. West Texas Intermediate CLc1 rises 3% to $99.28/barrel

** Crude prices gain as attempts to resolve Iran war seemed to have stalled, with Strait of Hormuz waterway remaining largely closed, depriving markets of essential energy supplies from Middle East

** Energy majors Exxon XOM.N and Chevron CVX.N up 1.5% and 1.2%, respectively

** Oil and gas producers Occidental Petroleum OXY.N up 1.6%, ConocoPhillips gains 1% and APA Corp APA.O rises 2.2%

** Oilfield services companies Baker Hughes BKR.O up 2%, and Halliburton HAL.N gains 1.1%

** Refiners Marathon Petroleum MPC.N gains 1.5% and Phillips 66 PSX.N up 1.7%

 (Reporting by Pranav Mathur in Bengaluru)

 ((Pranav.Mathur@thomsonreuters.com;))