US energy stocks decline as crude prices weaken

Marathon Petroleum

01/04/2026 09:57

** Shares of U.S. energy companies down premarket, tracking a decline in crude prices O/R

** Brent crude futures LCOc1 down 1.7% at $102.17/barrel; U.S. West Texas Intermediate crude CLc1 falls 2.5% to $98.85/barrel

** Crude prices decline reversing earlier gains as persistent Middle East volatility unnerved markets even amid reports the U.S.-Israeli war with Iran could be winding down

** Energy majors: Exxon Mobil XOM.N and Chevron CVX.N decline 2.3% and ~2% respectively

** Oil and gas producers: ConocoPhillips COP.N, Occidental Petroleum  OXY.N, Devon Energy DVN.N and EOG Resources EOG.N decline between 1.9% and 3.9%

** Oilfield services companies: Halliburton HAL.N down 2.8% and SLB SLB.N falls  1.5%

** Refiners: Phillips 66 PSX.N down 2.2%, Marathon Petroleum MPC.N falls ~1% and Valero Energy VLO.N dips 2.7%

 (Reporting by Sumit Saha in Bengaluru)

 ((Sumit.Saha@thomsonreuters.com;))