Oil companies rise after Israeli strikes on Iran and Lebanon

SM Energy

08/06/2026 11:41

** Shares of U.S. energy companies rise premarket, tracking a rise in crude prices O/R
** Brent crude futures LCOc1 up 4.3% at $97.11/barrel, while U.S. West Texas Intermediate CLc1 rise 4.3% at $94.44/barrel
** Oil prices rise as renewed Israeli strikes on Iran and fresh attacks on Lebanon sour hopes of an imminent end to the wider war
** Energy majors Chevron CVX.N and Exxon Mobil XOM.N up 1.4% and 1.6% respectively
** Oil and gas producers SM Energy SM.N, APA Corp APA.O, Devon Energy DVN.N, EOG Resources EOG.N and Occidental Petroleum OXY.N rise 2.2% and 3.3% 
** Oilfield services company SLB SLB.N up marginally
** Refiners Marathon Petroleum MPC.N and Phillips 66 PSX.N rise 1.6% and 2.1% 

 (Reporting by Varun Sahay)
 ((Varun.sahay@thomsonreuters.com))