--- title: "Dow Jones Top Energy Headlines at 12 AM ET: These Oil Giants Had Written Off Venezuela. Now They Are Taking a Second Look. | Five ..." type: "News" locale: "en" url: "https://longbridge.com/en/news/284865260.md" description: "Exxon Mobil and ConocoPhillips are reassessing opportunities in Venezuela. The U.A.E.'s exit from OPEC signals a shift in Middle Eastern geopolitics, aligning closer to Israel. Oil prices recently spiked due to fears of renewed U.S. actions in Iran, while U.S. natural gas futures rose following positive storage data. ConocoPhillips reported lower earnings, whereas Repsol benefited from market disruptions due to the Iran conflict. OMV faced revenue declines from lower gas prices, and TotalEnergies plans to increase shareholder returns amid rising earnings. U.S. crude stockpiles fell significantly, reflecting increased exports." datetime: "2026-05-01T04:25:28.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284865260.md) - [en](https://longbridge.com/en/news/284865260.md) - [zh-HK](https://longbridge.com/zh-HK/news/284865260.md) generator: "portal-rs" --- # Dow Jones Top Energy Headlines at 12 AM ET: These Oil Giants Had Written Off Venezuela. Now They Are Taking a Second Look. | Five ... These Oil Giants Had Written Off Venezuela. Now They Are Taking a Second Look. Exxon Mobil and ConocoPhillips recently sent technical teams to assess their prospects in the Latin American country. ---- Five Takeaways From the Journal's Analysis of the U.A.E.'s Exit From OPEC The war in Iran has rewired the Middle East's geopolitical order, drawing the United Arab Emirates closer to Israel and weakening Arab unity. ---- Oil Prices Fall After Spike to Four-Year High. Why Iran War Fears Are Growing. Front-month international crude prices hit a wartime high as investors worry that the U.S. could restart its attacks on Iran. ---- U.S. Natural Gas Gains Following Storage Data U.S. natural gas futures rose for a fourth straight session as storage data for last week landed in line with expectations with a 79 Bcf injection. ---- ConocoPhillips Cuts Outlook, Logs Lower Earnings ConocoPhillips reported a first-quarter profit of $2.18 billion, or $1.78 a share, down from a year earlier, amid lower gas prices in Permian and lower volumes. ---- Repsol's Earnings Rise as Traders Get Boost From Iran Conflict Spain's Repsol posted a jump in first-quarter profit as its refineries and traders capitalized on disruption to global energy markets triggered by conflict in the Middle East. ---- OMV's Top Line Falls on Lower-Gas Prices and Oil Sales Revenue was hit by lower-gas prices and a drop in oil sales, but higher refining margins in its chemicals business offered some support. ---- Octopus Energy Is Getting Into the Carbon Credit Business British renewable-power utility said it is seeing growth in companies looking to find ways to offset rising emissions. ---- The U.A.E.'s OPEC Bombshell Signals a New Middle East Order After bearing the brunt of Iran's counterattack, the financial powerhouse is strengthening ties with Israel and challenging Saudi Arabia. ---- Energy & Utilities Roundup: Market Talk Find insight on ConocoPhillips, OMV, Repsol and more in the latest Market Talks covering Energy and Utilities. ---- Shark Tank's Mr. Wonderful Is Planning One of America's Biggest Data Centers Kevin O'Leary said he and his local partners in Utah are looking for county approval to build a 40,000-acre project 'in a competition with the Chinese.' ---- TotalEnergies Increases Shareholder Returns as Iran Conflict Boosts Earnings TotalEnergies said it would return more cash to shareholders as the conflict in the Middle East provides an earnings windfall. ---- U.S. Crude Oil Stockpiles Fall on Record Weekly Exports Crude oil stockpiles fell by 6.2 million barrels, much larger than the 100,000 decline analysts expected, as weekly exports rose by 1.6 million barrels a day, U.S. government data showed. ---- The Global Energy Order Is Breaking Down The Iran war is accelerating a shift from an oil market structured around economic efficiency toward one shaped by politics and conflict. (END) Dow Jones Newswires May 01, 2026 00:15 ET (04:15 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. ### Related Stocks - [COP.US](https://longbridge.com/en/quote/COP.US.md) - [XOM.US](https://longbridge.com/en/quote/XOM.US.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [BOIL.US](https://longbridge.com/en/quote/BOIL.US.md) - [OIH.US](https://longbridge.com/en/quote/OIH.US.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [FCG.US](https://longbridge.com/en/quote/FCG.US.md) - [XES.US](https://longbridge.com/en/quote/XES.US.md) - [IEZ.US](https://longbridge.com/en/quote/IEZ.US.md) - [IXC.US](https://longbridge.com/en/quote/IXC.US.md) - [XOMX.US](https://longbridge.com/en/quote/XOMX.US.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [UNG.US](https://longbridge.com/en/quote/UNG.US.md) - [CRAK.US](https://longbridge.com/en/quote/CRAK.US.md) - [IEO.US](https://longbridge.com/en/quote/IEO.US.md) - [EMLP.US](https://longbridge.com/en/quote/EMLP.US.md) - [TPYP.US](https://longbridge.com/en/quote/TPYP.US.md) - [VDE.US](https://longbridge.com/en/quote/VDE.US.md) - [UNL.US](https://longbridge.com/en/quote/UNL.US.md) - [XLE.US](https://longbridge.com/en/quote/XLE.US.md) - [XOP.US](https://longbridge.com/en/quote/XOP.US.md) - [MLPA.US](https://longbridge.com/en/quote/MLPA.US.md) - [MLPX.US](https://longbridge.com/en/quote/MLPX.US.md) - [AMLP.US](https://longbridge.com/en/quote/AMLP.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [REP.DE](https://longbridge.com/en/quote/REP.DE.md) - [TTE.US](https://longbridge.com/en/quote/TTE.US.md) ## Related News & Research - [US natural gas futures extend gains](https://longbridge.com/en/news/296368424.md) - [Oil prices steady as investors assess US-Iran war outlook](https://longbridge.com/en/news/296417823.md) - [Oil set for second weekly rise as unsettled US-Iran war crimps supply](https://longbridge.com/en/news/296555193.md) - [Oil edges up on uncertainty over exports through Hormuz](https://longbridge.com/en/news/296282399.md) - [Madison Asset Management LLC Makes New Investment in ConocoPhillips $COP](https://longbridge.com/en/news/296474042.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**