- Exxon Mobil and ConocoPhillips are reassessing investment opportunities in Venezuela by sending technical teams.
- The U.S. crude oil stockpiles dropped significantly due to increased exports, contrasting with analyst expectations.
- The ongoing conflict in the Middle East is disrupting global energy markets, influencing companies' earnings and market strategies.
- Goldman Sachs analyst Jan Hatzius maintained a Buy rating on Repsol with a target price of €25.00.
- He cites strong cash generation capabilities despite a slight miss on adjusted net income, improved capital efficiency, and good refining margins boosting 2026 and 2027 earnings.
- Hatzius raised the target price from $24 to $25, emphasizing the stock's attractive valuation and expected 10% cash returns to shareholders in 2026.