Chevron Option Alert: Sep 19 $140 Puts at the Bid: 1000 vs 6999 OI; Earnings 8/1 Before Open [est] 

Chevron Option Alert: Sep 19 $140 Puts at the Bid: 1000 @ $5.05 vs 6999 OI; Earnings 8/1 Before Open [est] Ref=$144.1602

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CHEVRON CORP

Chevron

Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second-largest oil company in the United States with production of 3.0 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.7 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the US and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2024 stood at 9.8 billion barrels of oil equivalent, including 5.1 billion barrels of liquids and 28.4 trillion cubic feet of natural gas.

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전설적인 투자자 워런 버핏이 2025년 말까지 버크셔 해서웨이 CEO 자리에서 물러날 준비를 하고 있는 가운데, 목요일(15일) 공개된 13F 서류에서 버핏 팀이 1분기에 회사의 포트폴리오를 어떻게 재구성했는지 확인할 수 있다.

워런 버핏의 포트폴리오: 누 홀딩스 완전 매도하고 컨스텔레이션 브랜즈, 도미노피자, 풀 코퍼레이션 등 추가 매수

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럼블(NASDAQ:RUM)은 2025년 1분기 실적을 보고했다. 이번 실적 보고에서 넷플릭스(NASDAQ:NFLX), 크립토닷컴, 쉐브론(NYSE:CVX) 같은 주요 업체들과 브랜드 캠페인을 확보하며 광고 사업에서 중요한 진전을 이루었다고 강조했다.

럼블, 넷플릭스·크립토닷컴·쉐브론 등 브랜드 광고 캠페인 확보···1분기 매출 34% 증가

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워런 버핏의 버크셔 해서웨이 포트폴리오: 애플·코카콜라 등 상위 10개 종목은?

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Shigeru Ishiba, the Prime Minister of Japan, is contemplating a proposal from President&nbsp;Donald Trump&nbsp;to purchase American oil to address the trade imbalance between the two nations.
What Happened: Ishiba acknowledged the suggestion but emphasized the need for a more detailed assessment. He pointed out that while the U.S. is the largest oil producer, factors such as price and oil type need to be considered, in an interview with&nbsp;<a href="https://asia.nikkei.com/Editor-s-Picks/Interview/Ishiba-weighs-up-Trump-s-suggestion-that-Japan-buy-US-oil?ref=biztoc.com">Nikkei</a>&nbsp;on Monday.
The Japanese PM stated, &#8220;It is a possibility that requires further, more detailed consideration.&#8221;
&#8220;Oil is different from natural gas,&#8221; Ishiba said, adding, &#8220;You cannot just say, &#8216;Yes, we&#8217;re&nbsp;ready to buy a lot&nbsp;of oil from the U.S.'&#8221; This comes amid renewed concerns over Japan&#8217;s energy security following the recent Israel-Iran conflict.
Trump has been urging countries like Japan and South Korea to invest&nbsp;in natural gas fields in&nbsp;Alaska, a move Japan is considering to diversify its energy sources. &nbsp;The suggestion holds particular importance as Japan currently relies on the Middle East for&nbsp;90% of its oil supply and recent tensions in the Strait of Hormuz have sparked concerns about energy security.
SEE ALSO:&nbsp;<a href="https://benzinga.com/news/sports/25/06/46159984/mark-cuban-raises-employee-wages-after-learning-of-government-aid-dependence" target="_blank" rel="noreferrer noopener">Mark Cuban Raises Employee Wages After Learning Of Government Aid Dependence</a>
Why It Matters: Japan&#8217;s consideration of Trump&#8217;s proposal comes at a critical time. The country has been engaged in trade talks with the U.S., with the looming threat of a 25% automotive tariff. Japan&#8217;s chief trade negotiator,&nbsp;Ryosei Akazawa, has previously&nbsp;<a href="https://www.benzinga.com/markets/tech/25/06/46109160/japans-top-trade-negotiator-calls-trumps-25-auto-tariffs-unacceptable-amid-ongoing-talks">expressed</a>&nbsp;Japan&#8217;s refusal to accept these tariffs, further complicating the trade negotiations.
In an interview with Fox News on Sunday, Trump said the U.S. has a large trade deficit with Japan and suggested that Japan could help reduce it by buying more American oil and other goods. 
Meanwhile, Trump&#8217;s recent announcement of his intention to set new&nbsp;<a href="https://www.benzinga.com/markets/macro-economic-events/25/06/46163141/trump-says-hell-skip-trade-deals-set-global-tariffs-with-a-letter-pay-a-25-tariff-or-20-or-40-or-50">tariff rates</a>&nbsp;unilaterally for various trading partners through letters adds another layer of uncertainty to the trade negotiations. This move could potentially impact Japan&#8217;s trade relations with the U.S. and other countries.
Japan&#8217;s decision on the U.S. oil proposal could have significant implications for the ongoing trade talks and the broader trade relationship between the two countries.
On a year-to-date basis, shares of Exxon Mobil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) climbed 1.93%, while Chevron Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) fell 1.99%, as per <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>. 
<ul class="wp-block-list">
<li>READ MORE: <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/46051740/nearly-40-years-ago-donald-trump-blamed-this-country-for-his-tariff-push-and-its-not-china-id-make-our-allies-pay-their-fair-share">Nearly 40 Years Ago, Donald Trump Blamed This Country For His Tariff Push — And It&#8217;s Not China: &#8216;I&#8217;d Make Our Allies Pay Their Fair Share&#8217;</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Japan Weighs 'Possibility' Of US Oil Purchase After Trump's Proposal: 'Requires...More Detailed Consideration,' Says PM Ishiba

Watching Hess; Live On CNBC, Pentwater Capital Discusses Merger With Chevron On Segment Titled "Top 10 Hess Shareholder On Chevron; Shares See A Pop To The Upside

Wells Fargo analyst Roger Read maintains Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) with a Overweight and raises the price target from $164 to $165.

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Wells Fargo Maintains Overweight on Chevron, Raises Price Target to $165

Renowned television host Jim Cramer is cheering a potential mega merger between energy giants Shell PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>) and BP PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>), seeing it as a catalyst for a broader surge in deal-making activity.
What Happened: On Wednesday, Cramer posted on X, forecasting an imminent wave of mergers and acquisitions, especially in the energy sector, calling it an &#8220;M&amp;A wave,&#8221; kick-started by Shell and BP. 
Cramer&#8217;s optimism comes amid market chatter triggered by <a href="https://www.wsj.com/business/energy-oil/shell-in-early-talks-to-acquire-rival-bp-2233591a">a</a> Wall Street Journal report suggesting that Shell was actively considering acquiring BP, creating one of the largest energy corporations in the world, which he believes would be the &#8220;most bullish thing that can happen in this market.&#8221;
See Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/06/46071005/top-2-energy-stocks-which-could-rescue-your-portfolio-this-quarter">Top 2 Energy Stocks Which Could Rescue Your Portfolio This Quarter</a>
The host of CNBC&#8217;s Mad Money further believes that there's minimal antitrust scrutiny or political pushback in the energy sector right now, especially relative to big tech, which could make large-scale mergers easier to execute.
Shell, however, has since explicitly denied any talks of a merger being underway, with a spokesperson telling Reuters on Wednesday that &#8220;no talks are taking place&#8221; and that this was all just &#8220;further market speculation.&#8221;
The spokesperson went on to say, &#8220;As we have said many times before, we are sharply focused on capturing the value in Shell through continuing to focus on performance, discipline and simplification.&#8221;
BP, meanwhile, has remained tight-lipped, with the company&#8217;s representatives repeatedly declining to comment on the speculation.
Neither BP nor Shell immediately responded to Benzinga&#8217;s requests for a comment on this matter. The story will be updated as soon as we receive a response.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Here we go. The M&amp;A wave.. Shell might buy BP. This would e the start&#8230; It&#39;s all because there is no important governmental review. It&#39;s the most bullish thing that can happen in this market. Listen to our Investing Conference: Buy .. well why not listen!!!
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1937900530489049192?ref_src=twsrc%5Etfw">June 25, 2025</a></blockquote>
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Why It Matters: Talks surrounding BP&#8217;s <a href="https://www.benzinga.com/25/05/45205962/bp-stock-jumps-on-report-of-possible-acquisition-by-shell">acquisition by Shell</a> have been ongoing for quite some time, with Bloomberg having reported on it over a month ago.
If the <a href="https://www.benzinga.com/trading-ideas/movers/25/06/46098937/shell-in-talks-to-acquire-bp-in-mega-merger-report">$80 billion deal</a> goes through, it is expected to create a European oil and gas behemoth that could rival American giants, the likes of Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) and Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>).
Price Action: Shares of BP were up 1.64% on Wednesday, trading at $30.32, and up 0.59% after hours, while Shell was down 1.00% during the day, before inching up 0.15% after hours, following the company&#8217;s denial of any such merger.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="147" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25234631/Screenshot-2025-06-26-at-9.16.16-AM-1024x147.png" alt="" class="wp-image-962437" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25234631/Screenshot-2025-06-26-at-9.16.16-AM-1024x147.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25234631/Screenshot-2025-06-26-at-9.16.16-AM-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25234631/Screenshot-2025-06-26-at-9.16.16-AM-768x110.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25234631/Screenshot-2025-06-26-at-9.16.16-AM.png 1530w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Shell has a fairly average score on Benzinga&#8217;s Edge Stock Rankings, but has a favorable price trend in the short, medium and long term. How does it compare with BP? Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> to find out, along with deeper insights. 
Photo courtesy: katz / Shutterstock.com
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/macro-economic-events/25/06/46014138/shell-ceo-warns-of-huge-impact-on-global-trade-if-the-strait-of-hormuz-is-blocked-amid-israel-iran-conflict-we-need-to-set-actions-for-a-new-reality">Shell CEO Warns Of &#8216;Huge Impact On Global Trade&#8217; If The Strait Of Hormuz Is Blocked Amid Israel-Iran Conflict: &#8216;We Need To Set Actions For A New Reality&#8217;</a></li>
</ul>

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SHEL

Jim Cramer Predicts 'M&A Wave' Even As Shell Denies BP Merger Deal: TV Host Says This Is The 'Most Bullish Thing' That Can Happen In This Market

Energy Transfer LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ET#NYSE">ET</a>) on Wednesday announced an expanded liquefied natural gas (LNG) <a href="https://www.benzinga.com/pressreleases/25/06/b46092433/energy-transfer-expands-lng-supply-agreement-with-chevron-by-1-0-million-tonnes-per-annum-from-lak" target="_blank" rel="noreferrer noopener">supply agreement</a> with Chevron U.S.A. Inc., a wholly owned subsidiary of Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), strengthening their long-term energy partnership.
The new 20-year deal adds 1 million tonnes per annum (mtpa) to Chevron&#8217;s existing commitment, bringing the total to 3 mtpa.
The LNG will be delivered from Energy Transfer&#8217;s planned Lake Charles export facility on a free-on-board basis, with pricing tied to a fixed liquefaction charge and a variable component indexed to Henry Hub gas prices. 
Also Read: <a href="https://www.benzinga.com/markets/commodities/25/06/46047673/chevron-joins-lithium-race-with-125000-acre-texas-arkansas-deal" target="_blank" rel="noreferrer noopener">Chevron Joins Lithium Race With 125,000-Acre Texas-Arkansas Deal</a>
The agreement is contingent on a final investment decision and other conditions being met.
Energy Transfer LNG President Tom Mason called the deal a &#8220;significant milestone&#8221; in their collaboration with Chevron. Freeman Shaheen, President of Chevron Global Gas, said the expanded supply reflects the company&#8217;s strategy to offer &#8220;affordable, reliable, and ever-cleaner energy.&#8221;
The Lake Charles project continues to build momentum, having already secured long-term commitments such as a 5 mtpa Heads of Agreement with MidOcean Energy and a 1 mtpa Sale and Purchase Agreement with Kyushu Electric Power Company.
The facility will leverage existing infrastructure at a former regasification site, including LNG tanks, deepwater berths, and access to major natural gas basins like the Permian and Marcellus.
Price Action: ET shares were trading lower by 0.11% to $17.65 on Wednesday&#8217;s last check.
Read Next:
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<li><a href="https://www.benzinga.com/news/politics/25/06/46094069/iran-breaks-silence-says-nuclear-facilities-badly-damaged-by-us-strikes" target="_blank" rel="noreferrer noopener">Iran Breaks Silence, Says Nuclear Facilities&#8217; Badly Damaged&#8217; By US Strikes</a></li>
</ul>
Photo via Shutterstock

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Chevron Locks In More LNG From Energy Transfer's Lake Charles Project

Energy Transfer Signs Incremental Sale and Purchase Agreement With Chevron For 1M Tonnes Per Annum

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Shares of energy stocks are trading lower as oil prices drop following a softer-than-expected Iranian attack on a US base in Qatar.

Occidental Petroleum Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>), Exxon Mobil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) and Chevron Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) climbed 1.95%, 1.53% and 1.31% during Monday pre-market trading session after oil prices have skyrocketed to their highest point since January, sparking concerns about potential supply disruptions.
What Happened: The U.S. and Israel&#8217;s joint military action against Iran&#8217;s nuclear sites has sent shockwaves through the energy markets. This development, announced by President Donald Trump, has led to a surge in oil prices. 
At the start of the week, oil prices experienced a significant increase, with both Brent and U.S. crude reaching five-month highs of $81.40 and $78.40, respectively. 
However, prices later fluctuated and briefly turned negative during the European morning session. While geopolitical tensions have added a risk premium to oil markets, the Middle East conflict has not yet caused any direct disruption to oil supply.
Goldman Sachs predicted that oil prices could surge to $110 per barrel, but moderate to $95 per barrel in the fourth quarter of 2025. 
SEE ALSO: <a href="https://benzinga.com/markets/cryptocurrency/25/03/44450232/white-house-says-gold-reserves-may-be-used-to-purchase-bitcoin" target="_blank" rel="noreferrer noopener">White House Says Gold Reserves May Be Used to Purchase Bitcoin &#8211; Benzinga</a>
Why It Matters: The U.S.&#8217;s aggressive actions against Iran, a major oil producer, have significantly raised tensions in the region. This conflict, initially sparked by Israel&#8217;s extensive airstrikes, has put the global energy trade in the spotlight. Energy analytics firm Kpler has <a href="https://www.benzinga.com/markets/commodities/25/06/46046982/oil-prices-could-surge-by-10-as-us-drops-bunker-buster-bombs-on-iran-but-may-not-last-says-analyst-freight-disruptions-will-be-the-story-to-watch">forecasted</a> a sharp 7-10% increase in oil prices due to rising risk premiums. However, they also warn that this spike may be temporary.
Meanwhile, U.S. Secretary of State&nbsp;Marco Rubio&nbsp;has urged China to intervene and prevent Iran from shutting down the Strait of Hormuz, a crucial trade route for global crude oil. Rubio&#8217;s warning comes amid escalating tensions in the Middle East. The closure of the Strait of Hormuz would have severe implications for the global oil trade, potentially leading to further price increases.
Last week, Shell CEO, Wael Sawan had warned that if Iran shuts the Starit of Hormuz, it would cause a &#8216;huge impact&#8217; on global trade, as finding an alternative would be difficult.
<ul class="wp-block-list">
<li>READ MORE: <a href="https://benzinga.com/news/topics/25/06/46042314/when-mark-cuban-hit-100000-he-told-his-dad-whod-never-earned-even-half-that-he-just-started-crying" target="_blank" rel="noreferrer noopener">When Mark Cuban Hit $100,000, He Told His Dad, Who&#8217;d Never Earned Even Half That. &#8216;He Just Started Crying&#8217;</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Occidental Petroleum, Exxon Mobil, Chevron Surge In Monday Pre-Market: What's Going On?

Chevron U.S.A., a subsidiary of Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), announced its intention to enter the lithium market last week by acquiring lease rights to approximately 125,000 net acres spanning northeast Texas and southwest Arkansas.
The rights, acquired from TerraVolta Resources and East Texas Natural Resources, give the firm access to the Smackover Formation – a geologic unit rich in <a target="_blank" href="https://www.benzinga.com/topic/lithium" rel="noreferrer noopener">lithium-bearing brine</a>.
"This acquisition represents a strategic investment to support energy manufacturing and expand U.S.-based critical mineral supplies," <a target="_blank" href="https://www.chevron.com/newsroom/2025/q2/chevron-enters-domestic-lithium-sector-to-support-us-energy-security" rel="noreferrer noopener">said</a> Jeff Gustavson, president of Chevron New Energies.
Also Read: <a target="_blank" href="https://www.benzinga.com//node/45948096" rel="noreferrer noopener">Exxon Mobil, Chevron, Occidental Petroleum In Focus As Expert Says ‘US Economy Is Far Less Sensitive To An Oil Shock' Amid Israel-Iran Conflict</a>
"Establishing domestic and resilient lithium supply chains is essential not only to maintaining U.S. energy leadership but also to meeting the growing demand from customers. This opportunity builds on many of Chevron's strengths, including subsurface resource development and value chain integration," he added.
The Smackover Formation is famous for its high lithium content and established infrastructure. The brine, a byproduct of oil and gas production, makes diversification particularly appealing for oil majors looking to expand into other markets without straying too far from their core expertise. The repurposing of these brine reservoirs presents both a low-carbon opportunity and a cost-effective path into the critical minerals sector.
Chevron plans to employ <a target="_blank" href="https://lithium.org/wp-content/uploads/2024/06/Direct-Lithium-Extraction-DLE-An-introduction-ILiA-June-2024-v.1-English-web.pdf" rel="noreferrer noopener">direct lithium extraction</a> (DLE) technologies to process the brine. Unlike conventional methods, which rely on vast evaporation ponds that require months and consume large amounts of land and water, DLE utilizes advanced materials to extract lithium ions from brine selectively.
The technology promises a faster, more efficient extraction process with a smaller environmental footprint. While DLE is still an emerging technique, it's gaining traction among energy giants aiming to modernize domestic lithium production.
Through this effort, Chevron has joined another domestic oil major, ExxonMobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>), which is advancing its own <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/02/37182798/exxons-lithium-experiment-could-be-winner-for-oil-company-state-of-arkansas" rel="noreferrer noopener">DLE project in Arkansas</a> through the subsidiary Mobil Lithium.
Exxon acquired 485 square kilometers of Smackover acreage in 2023 and aims to supply enough lithium for one million electric vehicles per year by 2030. The company has already inked a preliminary supply agreement with battery manufacturer SK On.
Despite lithium prices plunging from a high of $80,000 per ton in 2022 to around $8,400 today, the interest from Chevron, ExxonMobil, and others signals a longer-term bet.
These oil majors are acquiring lease rights and investing in capital expenditures during the market downturn, positioning themselves to be key suppliers when the rebound arrives.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/etfs/sector-etfs/25/06/46017496/israel-iran-conflict-lifts-crude-above-77-what-it-means-for-oil-etfs" target="_blank" rel="noreferrer noopener">Israel-Iran Conflict Lifts Crude Above $77: What It Means For Oil ETFs</a></li>
</ul>
Photo by Juan Roballo via Shutterstock

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CARZ

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Fidelity Electric Vehicles and Future Transportation ETF

FDRV

LITP

Chevron Joins Lithium Race With 125,000-Acre Texas-Arkansas Deal

<a href="https://www.benzinga.com/topic/oil">Oil markets</a> are again in the crosshairs of geopolitics. West Texas Intermediate crude prices rose more than 3% on Thursday to reach above $77 a barrel, with the tensions between Israel and Iran erupting and the world anxiously waiting to see if America would enter the conflict. Merchants are preparing for an escalation, particularly after the previous President Donald Trump ambiguously responded to reporters by saying, &#8220;I may do it. I may not,&#8221; when asked if America would attack Iran.
The consequence: A significant geopolitical risk premium of around $10 per barrel according to Goldman Sachs, has established itself, spurring fresh interest in oil and energy-themed ETFs as tactical plays and defensive strategies alike.
Also Read: <a href="https://www.benzinga.com/markets/commodities/25/06/46016660/oil-prices-jump-european-markets-plummet-as-us-iran-tensions-rise-whats-driving-markets-thursday">Oil Prices Jump, European Markets Plummet As US-Iran Tensions Rise: What&#8217;s Driving Markets Thursday?</a>
<h2 class="wp-block-heading">ETF Market Moves: Flows, Premiums, And Positioning</h2>
As volatility for oil surges, investors are using <a href="https://www.benzinga.com/etfs">liquid and leveraged ETFs </a>to register their opinions, or hedge their exposure.
United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>), the biggest oil ETF to track WTI futures, witnessed gains of more than 11% in the past five days as oil prices rose.
Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>), a wide energy sector play supported by ExxonMobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) and Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), increased by 2.7% in the past five days, while the options volume reflected a bias toward bullish call action.
SPDR S&amp;P Oil &amp; Gas Exploration &amp; Production ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOP#NYSE">XOP</a>) and iShares U.S. Oil &amp; Gas Exploration &amp; Production ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IEO#BATS">IEO</a>), which provide more targeted exposure to U.S. shale and drilling firms, also surged during the price spike, gaining 5% and 3%, respectively over the past five days.
For more adventurous speculators, leveraged funds such as the ProShares Ultra Bloomberg Crude Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UCO#NYSE">UCO</a>) are also getting renewed traction, particularly as WTI pushes for the $80 barrier, a psychological support level for breakout enthusiasts. The fund witnessed price gains of almost 17% in the past five days.
Also Read: <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/06/45983526/trump-wants-an-end-not-a-ceasefire-for-the-israel-iran-war-what-that-means-for-etfs">Trump Wants &#8216;An End, Not a Ceasefire&#8217; For The Israel-Iran War: What That Means For ETFs</a>
<h2 class="wp-block-heading">Hormuz In The Crosshairs</h2>
The most frightening wild card in the mix might be the Strait of Hormuz, that tight shipping lane <a href="https://www.eia.gov/todayinenergy/detail.php?id=65504">seeing </a>close to 20% of total global flows of oil, according to U.S. Energy Information Administration.
At the Japan Energy Summit &amp; Exhibition in Tokyo, Shell chief executive Wael Sawan predicted a &#8220;huge impact&#8221; on world trade should the waterway be closed, as cited by Bloomberg. Meanwhile the American Petroleum Institute reiterated to Bloomberg that even an appearance of threat to tankers had the power to create market mayhem. US involvement could cause Iran to attack infrastructure or shipping routes in retaliation, according to RBC Capital&#8217;s Helima Croft, cited by Reuters.
If such disruption occurs, ETFs related to oil logistics, shipping, and midstream infrastructure may experience knock-on effects, either favorable, as risk premiums increase, or unfavorable, if operations are suspended.
<h2 class="wp-block-heading">Trump&#8217;s Wild Card Effect: Trader Paralysis Or Opportunity?</h2>
Uncertainty about the president&#8217;s next step has added further volatility to markets. Trump&#8217;s unorthodox style of foreign policy in his first term has put investors off from making bets either on rapid escalation or rapid de-escalation.
&#8220;Even if Middle East tensions were to cool off in the coming days, oil prices are probably not headed back to the low-$60 range they were trading at a month ago,&#8221; said Price Futures Group senior analyst Phil Flynn as cited by Reuters, adding that the market had been underpricing geopolitical shocks, and now that premium is coming back.
This repricing has given new life to energy ETFs, which had trailed the wider equity indices over the past few months. Some strategists like Goldman Sachs think Brent may rise above $90 if the conflict worsens, something that would make energy ETFs one of the brighter spots in a risk-off environment.
For risk-management traders, tactical ETF plays can potentially present opportunities, but for long-term allocators, perhaps there is a larger message here: geopolitical hedging through energy exposure.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/etfs/new-etfs/25/06/46016531/new-blox-etf-lets-you-earn-income-while-investing-in-bitcoin-and-ethereum">New BLOX ETF Lets You Earn Income While Investing In Bitcoin And Ethereum</a></li>
</ul>
Image: Shutterstock/Barks

iShares Dow Jones US Oil & Gas Exploration & Production Index Fund

Israel-Iran Conflict Lifts Crude Above $77: What It Means For Oil ETFs

Shares of energy stocks are trading higher as oil rises amid concerns of Israel-Iran escalation. President Trump denied working on a ceasefire and said everyone should evacuate Tehran.

TerraVolta Resources, LLC ("TerraVolta" or the "Company") and its investor, The Energy &amp; Minerals Group ("EMG"), announced that they have closed on a transaction to sell all equity interests in two subsidiaries that own certain leasehold acreage positions in east Texas and southwest Arkansas to Chevron U.S.A. Inc., a subsidiary of Chevron Corporation ("Chevron") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>).
Chevron's acquisition comprises approximately 100,000 net acres, establishing a lithium resource position in the United States. The sale enables a major energy company to take a first step toward establishing a commercial-scale, domestic lithium business.&nbsp;

Chevron Acquires 100,000 Net Acres From TerraVolta To Establish U.S. Lithium Resource Position; No Financial Terms Disclosed

As global tensions in the Middle East highlight a volatility in the oil markets, an expert suggests the U.S. economy&#8217;s susceptibility to oil price shocks has significantly diminished compared to previous decades.
What Happened: According to Bob Elliott, the CIO of Unlimited Funds, the shift in the mechanical impact of rising oil prices is primarily due to the United States&#8217; transition into a net exporter of crude products.
Traditionally, oil price surges acted as a significant drag on household spending and often prompted central banks to adopt tighter monetary policies to combat inflation. However, Elliott&#8217;s detailed examination reveals a changed landscape.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The US economy is far less sensitive to an oil shock than in previous decades. While the ongoing Mideast conflict is a concern, it would take multiples of the the impact priced in so far to have meaningful economic impact. Thread.
&mdash; Bob Elliott (@BobEUnlimited) <a href="https://twitter.com/BobEUnlimited/status/1934558230123782446?ref_src=twsrc%5Etfw">June 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
While consumer gasoline prices might still see a moderate uptick following price increases, the overall impact on household consumption is far less profound. Spending on fuel has fallen to a mere 1.3% of total household consumption, making recent price movements &#8220;not noticeable&#8221; in the broader economic context, Eliott explains.
&#8220;The surge in US production to the point where the US is a net exporter highlights how an oil shock may not be nearly as detrimental as in past rounds. While it would create a drag on HH consumption and rising inflation, it will also support domestic production &amp; investment,&#8221; he said in an X thread.
Furthermore, the surge in domestic oil production means that higher prices now generate increased income for U.S. oil producers, offsetting some of the drag felt elsewhere. This domestic boost in income and the incentive for greater production efforts highlight a crucial difference in the economic equation.
Here&#8217;s a list of a few U.S. oil producers and oil ETFs.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Listed Oil Companies</td>
<td>Friday&#8217;s Performance</td>
<td>YTD Performance</td>
<td>One-Year Performance</td>
</tr>
<tr>
<td>Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>)</td>
<td>2.18%</td>
<td>4.48%</td>
<td>3.47%</td>
</tr>
<tr>
<td>Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>)</td>
<td>0.65%</td>
<td>-0.55%</td>
<td>-4.75%</td>
</tr>
<tr>
<td>Occidental Petroleum Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>)</td>
<td>3.78%</td>
<td>-6.75%</td>
<td>-22.84%</td>
</tr>
<tr>
<td>EOG Resources Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EOG#NYSE">EOG</a>)</td>
<td>3.89%</td>
<td>0.46%</td>
<td>5.21%</td>
</tr>
<tr>
<td>Marathon Petroleum Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>)</td>
<td>0.65%</td>
<td>17.43%</td>
<td>-3.25%</td>
</tr>
<tr>
<td>CVR Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVI#NYSE">CVI</a>)</td>
<td>4.95%</td>
<td>43.50%</td>
<td>-0.37%</td>
</tr>
<tr>
<td>Schlumberger NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>)</td>
<td>1.88%</td>
<td>-5.47%</td>
<td>-16.80%</td>
</tr>
</tbody>
</table>
</figure>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Listed Oil ETFs</td>
<td>Friday&#8217;s Performance</td>
<td>YTD Performance</td>
<td>One-Year Performance</td>
</tr>
<tr>
<td>United States Oil Fund LP (ARCA&#8221; USO)</td>
<td>6.89%</td>
<td>4.28%</td>
<td>4.28%</td>
</tr>
<tr>
<td>ProShares Ultra Bloomberg Crude Oil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UCO#NYSE">UCO</a>)</td>
<td>8.65%</td>
<td>-7.44%</td>
<td>-19.06%</td>
</tr>
<tr>
<td>SPDR S&amp;P Oil &amp; Gas Exploration &amp; Production ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOP#NYSE">XOP</a>)</td>
<td>2.67%</td>
<td>-1.51%</td>
<td>-6.96%</td>
</tr>
</tbody>
</table>
</figure>
See Also: <a href="https://www.benzinga.com/markets/forex/25/06/45943600/is-us-dollar-losing-its-edge-de-dollarization-and-fading-exceptionalism-raise-alarms">Is US Dollar Losing Its Edge? De-Dollarization And Fading Exceptionalism Raise Alarms</a>
Why It Matters: Despite escalating conflict, Iran has notably reduced its missile barrages on Israel, with the Institute for the Study of War (ISW) attributing this to the effectiveness of Israeli airstrikes.
Early waves on Friday and Saturday saw Iran launching 100-200 missiles per wave. However, subsequent attacks have <a href="https://www.benzinga.com/markets/equities/25/06/45944854/irans-missile-stockpile-may-be-shrinking-as-strikes-on-israel-taper-off-says-think-tank-lmt-rtx-gd-in-focus">dropped to 35-40 missiles each</a>, indicating a significant impact on Iran&#8217;s launch capacity. 
Initial estimates placed Iran&#8217;s missile stockpile at around 2,000, with an alleged plan to fire 1,000 ballistic missiles. Yet, Israeli strikes reportedly damaged or destroyed numerous launchers and silos, limiting Iran to just 200 launches. This suggests Iran may soon face difficulties sustaining its current missile attack rate.
Price Action: As of the publication of this article, Crude Oil WTI Futures were 1.32% lower at $70.47, and Brent Oil was down 1.24% to $73.31.
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket on Monday. The SPY was up 0.50% at $599.99, while the QQQ advanced 0.56% to $529.93, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
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<li><a href="https://www.benzinga.com/news/25/06/45921978/ibm-google-emerge-as-top-investors-in-quantum-computing-with-most-patents-issued-in-2025-only-two-co" target="_blank" rel="noreferrer noopener">IBM, Google Emerge As Top Investors In Quantum Computing With Most Patents Issued In 2025: ‘Only Two Companies Seriously Investing,' Says Martin Shkreli</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. 
Image Via Shutterstock

Exxon Mobil, Chevron, Occidental Petroleum In Focus As Expert Says 'US Economy Is Far Less Sensitive To An Oil Shock' Amid Israel-Iran Conflict

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Shares of energy stocks are trading higher following Israel's strikes on Iran, which have raised oil prices amid potential disruptions in production.

Recent stock trades made by a senator could show conflicts of interest given his committee assignments and ramp up the call to ban members of Congress from being able to buy and sell stocks.
Here's a look at the recent stock trades made by Senator Markwayne Mullin (R-Okla.).
What Happened: Mullin recently bought stock in several stocks, while also selling a position in the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), which tracks the S&amp;P 500. The trades are shown on the <a href="https://www.benzinga.com/gov-trades/members/markwayne-mullin">Benzinga Government Trades page.</a>
According to a recent disclosure, Mullin bought the following stocks on May 13:
<ul class="wp-block-list">
<li>Adobe Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>): $15,000 to $50,000</li>
<li>Applied Materials Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>): $15,000 to $50,000</li>
<li>CSX Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NASDAQ">CSX</a>): $15,000 to $50,000</li>
<li>Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>): $50,000 to $100,000</li>
<li>ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>): $15,000 to $50,000</li>
<li>LPL Financial Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LPLA#NASDAQ">LPLA</a>): $15,000 to $50,000</li>
<li>L3 Harris Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LHX#NYSE">LHX</a>): $15,000 to $50,000</li>
<li>Lam Research Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>): $15,000 to $50,000</li>
<li>Texas Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>): $15,000 to $50,000</li>
<li>Thermo Fisher Scientific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TMO#NYSE">TMO</a>): $15,000 to $50,000</li>
<li>Valero Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLO#NYSE">VLO</a>): $50,000 to $100,000</li>
<li>Zoetis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTS#NYSE">ZTS</a>): $50,000 to $100,000</li>
</ul>
In the same disclosure, Mullin also reported selling $500,000 to $1 million worth of SPDR S&amp;P 500 ETF Trust.
He reportedly bought between $285,000 and $750,000 in new stock positions, along with total transactions ranging from $785,000 to $1.75 million.
One of the most active stock traders in the Senate, Benzinga shows 325 trades worth $8.47 million, and Quiver Quant <a href="https://www.quiverquant.com/congresstrading/politician/Markwayne%20Mullin-M001190">shows </a>$15.5 million in trades from Mullin in recent years.
His net worth is listed by Quiver Quant at $65.7 million, with part of the wealth coming from selling businesses before becoming a Congressman from 2013 to 2023 and later a Senator since 2023.
The Senator's purchase of L3 Harris Technologies could raise red flags, given that it is a large defense stock and Mullin <a href="https://www.senate.gov/general/committee_assignments/assignments.htm#MullinOK">sits </a>on the Committee on Armed Services.
The purchase of oil stocks also involves Mullin, who belongs to the Subcommittee on the Department of Interior, Environment, and Related Agencies.
The Republican senator is on numerous committees and could have inside information about government policy and contracts while making his stock transactions.
Mullin denied past conflicts of interest when he owned shares of Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and was set to vote on a potential TikTok ban, which could help Meta.
Check This Out:
<ul class="wp-block-list">
<li>Lawmakers Are Making Huge Investments In 2025. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent061225">See What They&#8217;re Buying And Selling With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: Mullin's latest trades come as a call to ban members of Congress from buying and selling stocks and options is gaining support.
Sen. Josh Hawley (R-Mo.)<a href="https://www.benzinga.com/politics/25/04/45077654/bill-named-after-nancy-pelosi-could-ban-congress-members-from-trading-stocks-what-you-need-to-know-about-the-pelosi-act" target="_blank" rel="noreferrer noopener"> introduced the</a> Preventing Elected Leaders from Owning Securities and Investments Act, or PELOSI Act, based on the first letter of each of the main words. The name takes aim at Congresswoman and former Speaker of the House Nancy Pelosi (D-Calif.).
Pelosi, whose husband is a frequent stock trader and venture capitalist, likely doesn&#8217;t support the bill that would limit her husband's transactions while she&#8217;s in office.
Speaker of the House Mike Johnson (R-La.), also in <a href="https://www.benzinga.com/politics/25/05/45449720/speaker-johnson-backs-congressional-stock-trading-ban-ruined-by-a-few-bad-actors">favor of a ban</a>, said there is zero tolerance for &#8220;anything resembling insider trading.&#8221;
President Donald Trump recently said he would support such a ban and that he would sign the bill if Congress passed it
"Well, I watched Nancy Pelosi get rich through insider information, and I would be okay with it. If they send it to me, I would do it," Trump told TIME.
Benzinga<a href="https://www.benzinga.com/trading-ideas/25/05/45552223/exclusive-congress-trading-ban-sees-huge-support-in-reader-poll-heres-the-percent-that-say-let-them-keep-trading-stocks"> recently polled readers</a> to see where they stand on a potential ban on Congress trading.
&#8220;Should members of Congress be allowed to buy and sell stocks, options and ETFs?&#8221; Benzinga asked.
These were the results:
<ul class="wp-block-list">
<li>They should not be allowed to trade stocks, options or ETFs:&nbsp;43%</li>
<li>They should be allowed to trade as long as they report within 24 hours:&nbsp;24%</li>
<li>They should only be allowed to trade ETFs and mutual funds:&nbsp;14%</li>
<li>They should be allowed to trade as long as they report in 45 days: 11%</li>
<li>They should only be allowed to trade stocks: 8%</li>
</ul>
The poll found that 43% of readers support an outright ban on members of Congress being able to trade stocks, options, or ETFs. Eleven percent voted that the current rules should be left alone with a 45-day disclosure window.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/politics/25/04/44852406/marjorie-taylor-greene-brushes-off-stock-buying-criticism-says-portfolio-manager-bought-the-dip">Marjorie Taylor Greene Brushes Off Stock Buying Criticism, Says Portfolio Manager &#8216;Bought The Dip&#8217;</a></li>
</ul>
Photo: Shutterstock

Politics

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LRCX

GOP Senator On Armed Services Committee Buys This Defense Stock In Potential Conflict Of Interest

On June 11, 2025, it was reported that Senator Markwayne Mullin executed a sale of SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) stock, valued between $500,001 and $1,000,000. The transaction, recorded in the June filing, was made on May 13, 2025.
At the time of writing, SPDR S&amp;P 500 shares are trading up 0.27% at $602.99.
<h3>Senator's Recent Trading Activity</h3>
Over the past three years, Markwayne Mullin executed 325 trades totaling over $8.47 million. The largest of these trades were in Russell 1000 Ishares ETF and SPDR S&amp;P 500 stock. Some of the key transactions the Sen. has executed recently include: 
<ul>
<li>SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>): $500,001 - $1,000,000 Sale</li>
<li>Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>): $50,001 - $100,000 Purchase</li>
<li>Valero Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLO#NYSE">VLO</a>): $50,001 - $100,000 Purchase</li>
</ul>
Here is a list of Markwayne Mullin's most recent trades:
<table>
<thead>
<tr>
<th>Company</th>
<th>Ticker</th>
<th>Stock Type</th>
<th>Amount</th>
<th>Transaction Type</th>
<th>Transaction Date</th>
</tr>
</thead>
<tbody>
<tr>
<td>Adobe</td>
<td>ADBE</td>
<td>STOCK</td>
<td>$15,001 - $50,000</td>
<td>P</td>
<td>2025-05-13</td>
</tr>
<tr>
<td>Applied Mat</td>
<td>AMAT</td>
<td>STOCK</td>
<td>$15,001 - $50,000</td>
<td>P</td>
<td>2025-05-13</td>
</tr>
<tr>
<td>CSX</td>
<td>CSX</td>
<td>STOCK</td>
<td>$15,001 - $50,000</td>
<td>P</td>
<td>2025-05-13</td>
</tr>
<tr>
<td>Chevron</td>
<td>CVX</td>
<td>STOCK</td>
<td>$50,001 - $100,000</td>
<td>P</td>
<td>2025-05-13</td>
</tr>
<tr>
<td>ConocoPhillips</td>
<td>COP</td>
<td>STOCK</td>
<td>$15,001 - $50,000</td>
<td>P</td>
<td>2025-05-13</td>
</tr>
</tbody>
</table>
Stay informed on Markwayne Mullin's trades and other members of Congress with our real-time <a href="https://www.benzinga.com/gov-trades/members/markwayne-mullin">government trades tracking tool</a>!
<h3>The Importance of Congressional Transactions</h3>
A congressional transaction is when any representative or senator either buys or sells an individual stock.
Anyone working in Congress must file a Periodic Transaction Report to inform the public of their recent transaction within 30 days of being notified of the transaction and within 45 days of the transaction date.
In April 2012, Former President Barack Obama signed the STOCK Act into law. The act prohibits members of Congress from using private information given to them by their position for personal gain such as buying or selling a stock. The act also expanded disclosure requirements for members of Congress by requiring them to file a monthly disclosure.
<h3>Why Congressional Transactions Matter</h3>
Congressional transactions shouldn't be the primary reason for an investing decision, but they can be an important factor for an investor to consider.
When a senator or representative makes a new purchase, it could be an indication they expect the stock to rise.
A sale, on the other hand, can be made for a variety of reasons, and may not necessarily mean the seller thinks the stock will go down.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

General

A Congress Member Sold Up To $1.00M In SPDR S&P 500 Stock: Here's What You Need To Know

Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), and Halliburton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) jointly developed a new process that enables closed-loop, feedback-driven completions in Colorado. This intelligent fracturing process combines automated stage execution with subsurface feedback to optimize delivery of energy into the wellbore without relying on human intervention. The capability enhances the previous implementation of autonomous hydraulic fracturing technology.
Chevron recognizes the importance of efficiency and consistency during fracture execution. In addition, the company has placed an emphasis on the added control functionality that these new technologies provide. Leveraging digital automation and real-time feedback from the subsurface, Chevron and Halliburton jointly developed autonomous workflows that adjust completion behavior with the goal of improving asset performance.
A combination of technologies from the wellsite to the cloud is required to enable this new approach to intelligent completions. Halliburton's ZEUS IQ&#x2122; intelligent fracturing platform, comprised of OCTIV&#xAE; auto frac and Sensori&#x2122; monitoring, provides the necessary closed feedback loop and control capability. Chevron's hydraulic fracturing and subsurface knowledge is built into an algorithm to enable the advanced decision making.

Chevron and Halliburton Launch Intelligent Fracturing Process With Closed-Loop Automation To Optimize Well Completions In Colorado

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Shares of energy stocks are trading higher amid a rise in oil prices.

As crude prices edge higher, several <a href="https://www.benzinga.com/etfs">oil-focused ETFs </a>are showing signs of life, offering investors a tactical opportunity amid supply tightness and improving sentiment.
Oil may have spent most of this year trapped in a range, but that hasn't stopped a few well-positioned ETFs from warming up. A recent 4% climb in Brent prices, optimism around renewed US-China trade negotiations, and signs of tightening short-term supply are giving the energy trade fresh fuel <a href="https://www.bloomberg.com/news/articles/2025-06-08/latest-oil-market-news-and-analysis-for-june-9?sref=TBDibEcD">according </a>to Bloomberg, just in time for summer.
Also Read: <a href="https://www.benzinga.com/personal-finance/management/25/06/45842911/exclusive-why-eric-lutton-says-sitting-in-cash-could-cost-you-big">EXCLUSIVE: Why Eric Lutton Says Sitting In Cash Could Cost You Big</a>
For investors looking to play this setup, here's a look at some top oil-linked ETFs gaining traction:
United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>): 
What it does: Tracks front-month WTI crude oil futures Why it matters now: USO is a barometer for short-term crude price moves. With backwardation (near-term futures priced higher than later months) back in play, the fund faces less drag from roll costs. If crude stays firm or trends upward, USO could reflect gains more efficiently than it did during contango-heavy periods.
Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)
What it does: Tracks large-cap U.S. energy stocks like ExxonMobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) and Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) Why it matters now: While XLE isn't a direct oil proxy, it&#8217;s sensitive to crude price trends via energy sector profitability. It also serves as a relatively stable option for those seeking sector exposure without the futures complexity of USO.
ProShares Ultra Bloomberg Crude Oil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UCO#NYSE">UCO</a>)
What it does: Provides 2x leveraged exposure to daily WTI crude moves Why it matters now: For tactical traders, UCO offers a leveraged way to bet on oil upside during short-term rallies. With crude holding above $66 and volatility low, UCO could see amplified gains, though it's not for the risk-averse.
VanEck Oil Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OIH#NYSE">OIH</a>)
What it does: Tracks oilfield services companies like Halliburton and Schlumberger Why it matters now: Services firms benefit when producers ramp up drilling and production. If summer demand drives more activity and OPEC+ production hikes stick, OIH constituents could see revenue and margin boosts.
SPDR S&amp;P Oil &amp; Gas Exploration &amp; Production ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOP#NYSE">XOP</a>)
What it does: Focuses on smaller exploration and production companies Why it matters now: These firms are highly sensitive to oil prices. In a bullish cycle, they often outperform due to greater operating leverage—but that also means steeper losses during downturns.
<h2 class="wp-block-heading">Why Oil Is Moving Now</h2>
Brent crude is holding above $64 after a strong 4% gain last week, lifted by renewed optimism around U.S.-China trade talks, with negotiators meeting in London to dial down geopolitical friction that has weighed on global growth.
But crude's rally isn't just about diplomacy. Supply signals are tightening, too. U.S. futures are in backwardation, a bullish curve structure that points to stronger near-term demand. Meanwhile, volatility gauges are near their lowest since April (VIX is around 17), suggesting markets are stabilizing.
Still, <a href="https://www.bloomberg.com/news/articles/2025-06-08/latest-oil-market-news-and-analysis-for-june-9">crude </a>is down 15% year-to-date, and the rally remains fragile. OPEC+'s surprise production bump could cap gains, and macro risks, from softening Chinese demand to election-season volatility in the U.S., still lurk.
<h2 class="wp-block-heading">Final Takeaway</h2>
ETF investors need to weigh short-term tailwinds like trade optimism, summer driving season, tight supply, against longer-term risks. With spot signals flashing green, now may be a time to nibble at energy exposure. But keep your stop-losses tight and your macro radar on.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/commodities/25/06/45842761/silver-just-shattered-a-14-year-ceiling-could-50-be-next">Silver Just Shattered A 14-Year Ceiling &#8211; Could $50 Be Next?</a></li>
</ul>
Photo: Shutterstock

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