Exxon and Chevron Soar. Why Energy Stocks Could Go Even Higher. -- Barrons.com-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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Exxon and Chevron Soar. Why Energy Stocks Could Go Even Higher. -- Barrons.com

Dow Jones03-02 19:08

By Alex Kozul-Wright

Energy stocks were soaring early Monday amid an oil price surge linked to tit-for-tat attacks between the U.S., Israel and Iran.

Shares in the major oil companies were rallying in premarket trading. Exxon was up 4.6% to $159.49, while Chevron was trading 3.9% higher at $194.05.

Occidental Petroleum also benefited from the surge in crude prices. Its stock rose 6.1%. Elsewhere, oil exploration and production company ConocoPhillips climbed 5.7%.

In the event if Iran formally attempts to close the Strait of Hormuz -- a maritime chokepoint that transports roughly 20% of the world's oil -- that could lead to further crude price gains. Oil-linked stocks would likely benefit too.

Write to Alex Kozul-Wright at alexander.kozul-wright@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

March 02, 2026 06:08 ET (11:08 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Elsewhere, oil exploration and production company ConocoPhillips climbed 5.7%. \n</p>\n<p>\n  In the event if Iran formally attempts to close the Strait of Hormuz -- a maritime chokepoint that transports roughly 20% of the world's oil -- that could lead to further crude price gains. Oil-linked stocks would likely benefit too. \n</p>\n<p>\n  Write to Alex Kozul-Wright at alexander.kozul-wright@barrons.com \n</p>\n<p>\n   This content was created by Barron's, which is operated by Dow Jones &amp; Co. 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Exxon was up 4.6% to $159.49, while Chevron was trading 3.9% higher at $194.05. \n\n\nOccidental Petroleum also benefited from the surge in crude prices. Its stock rose 6.1%. Elsewhere, oil exploration and production company ConocoPhillips climbed 5.7%. \n\n\n  In the event if Iran formally attempts to close the Strait of Hormuz -- a maritime chokepoint that transports roughly 20% of the world's oil -- that could lead to further crude price gains. Oil-linked stocks would likely benefit too. \n\n\n  Write to Alex Kozul-Wright at alexander.kozul-wright@barrons.com \n\n\n   This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 02, 2026 06:08 ET (11:08 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}