Adams Natural Resources Fd

Williams Company Issues Senior Notes to Raise $1.7 Billion

Linde plc Issues €1.75 Billion Euro-Denominated Debt Securities

Exxon Mobil Lifts Force Majeure on Mozambique LNG Project

Saturna Capital Corp cut stake in ConocoPhillips in Q2

Dynamis Power Orders 25 Gas Turbines from Baker Hughes

Ensign Peak Advisors Inc Increases Stake in Chevron

Enterprise Products Partners Sells 40% Stake in Bahia NGL Pipeline to ExxonMobil

Morgan Stanley Downgrades ConocoPhillips' Target Price to $117.00

US Bank Securities Analyst Maintains Buy Rating on Linde

Saudi Aramco Signs 17 Agreements with US Companies to Strengthen Collaboration

ExxonMobil Criticizes Labour Party's North Sea Drilling Ban

EOG Resources Files Application for Senior Notes Issuance

Pioneer Group Increases Stake in Kinder Morgan to 9.33%

ExxonMobil Discusses Lukoil's Equity in West Qurna-2 Field with Iraqi Oil Minister

LSV Asset Management Cuts Chevron Holdings by 14.7%

TotalEnergies and Chevron Lead in Namibia Offshore Oil Field Auction

EOG Resources Reports Q3 Revenue Decline but Continues Shareholder Returns

Birchbrook Inc. Acquires 7,876 Shares of ConocoPhillips in Q2

Empowered Funds LLC Up big in Baker Hughes in Q2

Empowered Funds LLC Increases Stake in Kinder Morgan

Mobile-Health Network Solutions

Sonder

Epsium Enterprise

VisionSys AI

PACS

Robo.ai

Luda Tech

RISING DRAGON ACQUISITION CORP COM USD0.0001 15/11/2028 (SUBS/RT)

Planet Green

Defiance Daily Target 2X Short IONQ ETF

SLB Ltd.'s stock fell 1.87% to $35.19 on Thursday, underperforming compared to some competitors. The S&P 500 and Dow Jones also declined. SLB is 21.75% below its 52-week high. Trading volume was 11.0M, below the 50-day average of 16.5M. Competitors like Baker Hughes, Halliburton, and NOV also saw declines.

Dow Jones

Halliburton

Baker Hughes

SLB Ltd. Stock Underperforms Thursday When Compared To Competitors

Marathon Petroleum Corp.'s stock fell 3.91% to $187.87 on Thursday, underperforming compared to competitors like Exxon Mobil, Chevron, and Valero Energy. This marked the second consecutive day of losses for Marathon, closing 7.13% below its 52-week high. The broader market also saw declines, with the S&P 500 and Dow Jones Industrial Average both falling.

Marathon Petroleum

Marathon Petroleum Corp. Stock Underperforms Thursday When Compared To Competitors

Williams Companies' subsidiary, Transcontinental Gas Pipe Line Company, LLC, raised $1.7 billion through a private placement of senior notes. The offering includes $1 billion of 5.100% notes due 2036 and $700 million of 5.750% notes due 2056. The proceeds are subject to covenants on liens and transfers, with registration rights for noteholders. The Bank of New York Mellon Trust Company, N.A. is the trustee.

Reuters

Williams

Williams Companies Subsidiary Raises $1.7 Billion Through Senior Notes Offering

Linde plc has issued €1.75 billion in euro-denominated debt securities, including €600 million in Floating Rate Notes due 2027, €650 million in 3.125% Notes due 2032, and €500 million in 3.750% Notes due 2038. The proceeds, approximately €1,737 million after fees, will be used for general corporate purposes. The notes are listed on the Luxembourg Stock Exchange and trade on the Euro MTF market.

Linde

Linde plc Issues €1.75 Billion in Euro Notes

Energy stocks declined Thursday afternoon, with the NYSE Energy Sector Index down 0.6% and the Energy Select Sector SPDR Fund (XLE) down 0.8%. The Philadelphia Oil Service Sector Index fell 2.7%, and the Dow Jones US Utilities Index eased 0.2%. Crude oil and natural gas prices also decreased. Exxon Mobil ended a force majeure in Mozambique, TotalEnergies rejected a war crimes complaint, BHP faced a product ban in China, and BP closed the Olympic Pipeline due to a leak.

- Energy stocks experienced a decline, with the NYSE Energy Sector Index down 0.6% and the Energy Select Sector SPDR Fund falling 0.8%.  
- West Texas Intermediate crude oil and Brent crude both decreased by 0.1%, while natural gas futures dropped 1.6%.  
- Notable corporate news includes Exxon Mobil ending a force majeure on its Mozambique LNG project, while TotalEnergies and BHP faced legal and market challenges, respectively.

fidelity

Exxon Mobil

TotalEnergies SE

Sector Update: Energy Stocks Retreat Thursday Afternoon

FANG

The S&P 500 energy index rose 1.4% as oil prices increased, driven by a larger-than-expected draw in U.S. crude stockpiles and a broader equities rally. Brent crude futures were up 1.35% and U.S. West Texas Intermediate crude rose 1.5%. Major oil companies like Exxon, Devon Energy, Diamondback Energy, Baker Hughes, Phillips 66, and Schlumberger saw significant gains. Wall Street also advanced due to positive jobs data and strong Nvidia earnings.

Devon Energy

Phillips 66

Diamondback Energy

BUZZ-Energy sector gains as oil rises, Wall Street advances

Exxon Mobil has lifted the force majeure on its Rovuma LNG project in Mozambique, which was initially paused due to security concerns. The company is collaborating with partners and the Mozambique government to ensure safety. A final investment decision is expected in 2026, with LNG production targeted for 2030.

- Exxon Mobil has lifted force majeure on its Rovuma LNG project in Mozambique, which had been paused due to security concerns.  
- The company is collaborating with partners and the Mozambican government to ensure safety for employees and facilities.  
- Exxon anticipates making a final investment decision in 2026, with the first LNG production expected in 2030.  

Exxon lifts force majeure on LNG project in Mozambique

EXAS

Medical device maker Solventum will acquire Acera Surgical for up to $850 million. Enterprise Products Partners and Exxon Mobil will expand the Bahia natural gas liquids pipeline. Abbott will buy Exact Sciences for up to $23 billion. Generali, BFF Bank, and BPCE advance in bidding for GamaLife. Palo Alto Networks will acquire Chronosphere for $3.35 billion.

- Medical device maker Solventum will acquire Acera Surgical for up to $850 million to enhance its wound-care portfolio.  
- Exxon Mobil is set to purchase a 40% stake in Enterprise Products Partners' Bahia natural gas liquids pipeline to support expansion for Permian Basin volumes.  
- Abbott plans to acquire Exact Sciences for up to $23 billion, marking a significant move into cancer screening, while Generali, BFF Bank, and BPCE are in the second round of bidding for GamaLife.

Exact Sciences

Deals of the day-Mergers and acquisitions

Baker Hughes Co. announced it has received an order from Dynamis Power Solutions to supply 25 aeroderivative gas turbines totaling 1.3GW for mobile power generation. The turbines, including LM2500, LM6000, and LM9000 models, will be used in various oil and gas applications. Dynamis will package these turbines and generators in its mobile power solutions, with ten LM9000 turbines forming a new 700MW offering.

rttnews

Baker Hughes Bags Order For 1.3GW Aeroderivative Gas Turbines

Saturna Capital Corp reduced its stake in ConocoPhillips by 74.5% in Q2, selling 14,659 shares, now holding 5,025 shares valued at $451,000. ConocoPhillips reported Q3 earnings of $1.61 per share, surpassing estimates, with revenue up 14.1% year-over-year. The company increased its quarterly dividend to $0.84 per share. Analysts maintain a "Moderate Buy" rating with a target price of $115.33.

Market Beat

ConocoPhillips

Saturna Capital Corp Sells 14,659 Shares of ConocoPhillips $COP

Dynamis Power Solutions awards Baker Hughes order for gas turbine technology to support mobile power for oil & gas applications

marketscreener

Dynamis Power Solutions awards Baker Hughes order for gas turbine technology to support mobile power for oil & gas applications

Chevron (CVX.US) suddenly saw a surge in trading volume yesterday, with a noticeable increase in capital inflow towards the end of the trading session. The stock price is approaching this month's resistance level, and the market's imagination around the new energy concept is heating up again. Technically, the 5-day moving average and the 10-day moving average are turning upwards, with main funds net buying for two consecutive days. The daily K-line shows a series of red bars at the bottom, indicating a gradually strengthening bullish atmosphere. With the latest rebound in oil prices and expectations surrounding the U.S. energy bill, Chevron, as an industry leader, is attracting a large amount of incremental capital to enter the market on the right side. 

From the perspective of capital structure, the proportion of institutional large orders yesterday reached a new high in nearly two weeks, and many high-frequency trading strategists clearly positioned themselves in advance, with some short-term funds already taking the lead in the morning session. Community discussion heat is rising, with rumors that the company may increase investment in its new energy division, becoming a catalyst for driving the theme higher in the short term. Although there has been no concrete positive news, the combination of energy varieties and the warming global demand expectations has shifted more market influence into the hands of trading-type funds. 

However, it is also necessary to be cautious, as the rate of stock price explosions increased yesterday, and some funds showed a stronger desire to cash out towards the end of the session. If Chevron cannot continue to break through with increased volume today, or if the sentiment in the oil and energy sectors suddenly cools, the risk of short-term high-level pressure may be amplified. 

In terms of operations, it is recommended to pay close attention to changes in trading volume and market activity after the market opens. If there is hesitation in large orders sealing the board, it is necessary to lock in profits in a timely manner. Overall, Chevron still has opportunities under the new energy mainline, but dynamic position management is required to prevent black swan events from reversing the situation

Technical Forecast

Chevron

Morning Trend | Chevron shows significant volume movement, is the main surge of new energy about to arrive?

Chevron (CVX.US) saw a strong rebound in early trading today, continuing the robust recovery atmosphere from the previous trading day. At the beginning of the session, external crude oil prices also rose, and OPEC's production cut news reignited market bullish sentiment, attracting multiple funds to enter the market. Chevron's stock price has consistently closed above the short-term moving averages, with buying pressure gradually increasing and overall trading activity significantly improving throughout the day. 

Observing the details, many market leaders have begun to position themselves at lower levels, and the moderate increase in trading volume indicates that bullish confidence is quietly gathering, with funds focusing on short-term elasticity opportunities in oil prices. Currently, the sentiment is recovering, hedging against the impacts of fluctuating Federal Reserve policies and geopolitical risks, with main funds inclined to follow the trend of crude oil. Under the influence of oil price fluctuations, the energy sector has shown a clear sectoral linkage effect, with Chevron also among the leaders in gains. 

However, in the short term, it is important to note that severe fluctuations in oil prices can act as a double-edged sword for the upward trend. Once funds take profits, the stock price may easily experience slight pullbacks or consolidation. The key follow-up point lies in the sustainability of trading volume during the session; if there is a moderate increase in volume and the following funds do not decrease, a breakthrough of the upper pressure zone is likely to trigger acceleration. If the volume weakens, the market may again fall into high-level consolidation or even short-term corrections. 

Currently, driven by favorable factors, main fund sentiment is expected to push for another wave, but the rhythm of the game remains intense—participants are advised to pay attention to crude oil dynamics and intraday turnover conditions, avoiding blind chasing of highs, implementing reasonable profit-taking defenses, and waiting for genuine large-scale breakthrough signals

Morning Trend | Chevron launches a strong counterattack, is the rebound window for energy stocks coming?

Ensign Peak Advisors Inc increased its stake in Chevron Corporation by 0.6% in Q2, owning 1,953,074 shares valued at $279.66 million. Other investors also adjusted their positions in Chevron. Analysts have set new price targets, with several rating the stock as 'Buy.' Insider trading activities were reported, including significant stock sales by Chevron's Director and VP. Chevron's stock opened at $151.72, with a market cap of $305.49 billion.

Ensign Peak Advisors Inc Buys 12,387 Shares of Chevron Corporation $CVX

Enterprise Products Partners and ExxonMobil have partnered to expand the Bahia NGL pipeline. ExxonMobil will acquire a 40% interest in the pipeline, which connects West Texas to Mont Belvieu. The pipeline will initially have a capacity of 600,000 barrels per day, with plans to expand to 1 million barrels per day and extend to New Mexico by 2027. The transaction is expected to close by early 2026, pending regulatory approvals.

- Enterprise Products Partners L.P. has agreed to sell a 40-percent interest in its Bahia natural gas liquids pipeline to ExxonMobil.  
- The 550-mile pipeline, with an initial capacity of 600,000 barrels per day, is expected to start operations soon, pending regulatory approvals for the transaction, which should close by early 2026.  
- Plans include expanding the pipeline's capacity to 1 million barrels per day and constructing a 92-mile extension to connect with ExxonMobil's processing plant in New Mexico, with completion expected by late 2027.  