U.S. stock night trading volatility: TotalEnergies fell 3.03% in night trading, with large cash outflows and geopolitical tensions raising market concerns

U.S. Stock Night Market Movements TotalEnergies SE fell 3.03% in the night market. Based on recent news, On May 12, TotalEnergies signed a memorandum of understanding with the Syrian Oil Company, in collaboration with QatarEnergy and ConocoPhillips, to explore oil and gas in offshore Block 3 in Syria. This move is seen as a signal of major international energy companies re-engaging in Syria's energy development, leading to mixed market reactions and stock price fluctuations. On May 14, TotalEnergies announced it would pay approximately $1 billion to the U.S. government to abandon its offshore wind power projects in the U.S. Traders noted the timing of this significant cash outflow and project exit, causing market sentiment to fluctuate. On May 13, TotalEnergies signed a memorandum of understanding with the Egyptian Natural Gas Holding Company regarding exploration activities off the northwest coast of Egypt. This agreement established a framework for technical cooperation, including preliminary exploration and subsurface assessment activities, which received a positive market reaction, although the short-term impact on stock prices was limited. The recent energy market has been severely shaken by geopolitical tensions. Stocks with High Trading Volume in the Industry ExxonMobil fell 0.50% in the night market. Based on recent key news: On May 12, Bernstein lowered ExxonMobil's target price from $195 to $182, reflecting market concerns about the company's future profitability. On May 15, a Texas jury ruled that ExxonMobil would not be held legally responsible for its accounting-related matters, which may alleviate some investors' concerns about legal risks. On May 12, a leak occurred at ExxonMobil's Baytown refinery in Texas, although it did not exceed reportable amounts, it could impact the company's reputation and short-term operations. Oil price volatility has intensified, raising market concerns about supply shortages. Occidental Petroleum rose 0.70% in the night market. Based on recent news: On May 13, U.S.-Iran ceasefire negotiations stalled, increasing market concerns about the situation in the Middle East and driving up oil prices. WTI crude futures returned above $100 per barrel, and Brent crude strengthened significantly. Source: Global Times On May 13, U.S. CPI data exceeded expectations, leading to the highest level of market bets on interest rate hikes since mid-March, with U.S. Treasury yields rising across the board, further pushing up energy prices. Source: Bloomberg Economics On May 12, transportation through the Strait of Hormuz was disrupted, with the global daily risk of over 15 million barrels of crude oil transportation being affected, continuing to raise market concerns about energy supply interruptions. Source: Standard Chartered Bank. The tense situation in the Middle East and high oil prices necessitate vigilance against volatility risks. Chevron rose 0.39% in the night market. Based on recent key news: On May 14, Chevron announced the sale of its refining and retail assets in the Asia-Pacific region to Japan's ENEOS Group for $2.17 billion. This move aims to optimize its global asset portfolio and enhance long-term competitiveness. ENEOS is optimistic about the growth potential in the Southeast Asian market, expecting steady increases in oil demand Source: Jin Shi Data On May 14, Chevron's stock price rose slightly by 0.03%, as the company continues to optimize its global asset layout, selling multiple refining and retail assets in the Asia-Pacific region. This transaction is expected to be completed by 2027. Source: Investing.com On May 13, Chevron's stock price increased by 0.7%, closing at $185.95. Source: Reuters Southeast Asia's oil demand growth potential is significant