Energy companies fall amid ongoing Ukraine talks

Texas Pacific Land (Dover)

08/12/2025 17:44

** S&P 500 energy index .SPNY falls 0.7% as oil prices edge lower

** Brent crude LCOc1 down 1.46% at $62.82/barrel and U.S. West Texas Intermediate (WTI) crude futures CLc1 dips 1.5% at $59.17/barrel

** Oil prices fall as investors monitor ongoing talks to end the war in Ukraine and ahead of an expected U.S. Federal Reserve interest rate cut this week O/R

** Oil majors Exxon Mobil XOM.N down ~1% and Chevron CVX.N falls 1.1%

**  Texas Pacific Land Corp TPL.N, Baker Hughes BKR.O, APA Corp APA.O and Expand Energy EXE.O fall between 2.3% and 3.1%, among biggest percent decliners on the energy index

** Refiner Marathon Petroleum MPC.N down marginally

** Oilfield services company Halliburton HAL.N down 1%

 (Reporting by Dharna Bafna in Bengaluru)

 ((dharna.bafna@thomsonreuters.com))