$HAL

The U.S. has granted North American Blue Energy Partners (NABEP) 100-year concessions for 17 Venezuelan oil fields with 65 billion barrels of reserves. The U.S. gains equity and governance rights. NABEP plans to deploy 52 drilling rigs, with some already acquired from Helmerich & Payne, Patterson-UTI Energy, and Precision Drilling. China has responded, asserting its legal rights in Venezuela. Halliburton and ExxonMobil are key players in the potential U.S.-led oil development.

Carre Eric (EVP & Chief Financial Officer) sold 24,777 shares of HALLIBURTON CO (HAL) at $37.50 ($0.93M total) on 2026-08-31 under a Rule 10b5-1 trading plan.

Oil stocks like Chevron (CVX) and Exxon (XOM) rose ~1.5% as U.S.-Iran strikes boosted oil prices by 3%. Occidental (OXY) offset Middle East losses with Permian output. Trump's Venezuela deal highlights 65B barrels, but infrastructure hurdles delay supply impact. California's wildfire liability reform block caused PG&E (PCG) to drop 19%.

PG&E and Edison International fell 19% and 24% respectively after California blocked a wildfire liability proposal. Apple dropped 2% following a leadership change. SAIC rose 4% after raising its earnings forecast. Howmet Aerospace declined 8% due to SpaceX's in-house production plans. Herbalife fell 13% with CEO departure. Aon dropped 7% after a $17B acquisition. Energy stocks rose over 2% amid Middle East tensions. Eli Lilly fell 1% with a $2.9B acquisition. Pinterest dropped 6% with CFO depart

Chevron (CVX) and Halliburton (HAL) are nearing deals to invest in Venezuela's oil industry. Chevron may add two heavy-oil fields, while Halliburton discusses supplying equipment. The U.S. is encouraging energy companies to help rebuild Venezuela's oil sector. ExxonMobil (XOM) and ConocoPhillips (COP) are cautious due to past disputes. Investments could generate demand for services and expand Chevron's portfolio, but require significant capital and infrastructure.

Aon to acquire USI Insurance for $17B, slipping 1.8%. Energy stocks rise over 3% after U.S.-Iran strikes. PG&E drops 16% after California lawmakers reject wildfire liability proposal. Pinterest falls 3% following CFO's departure. GameStop up 4% on Q2 results. Deere gains 1% after Baird upgrade.

Halliburton (HAL) stock rose 2.7% in pre-market trading to $37.16, driven by a 3% jump in oil prices following U.S. strikes on Iran and Tehran's retaliation. Brent crude surpassed $90 per barrel, which typically boosts Halliburton's customers' spending. The rally occurred amid a broader market decline, highlighting sector-specific gains. Halliburton has seen a 5% advance over two weeks, benefiting from elevated oil prices due to Middle East supply disruptions.

US stock futures fell Monday due to Middle East strikes raising oil prices and inflation concerns. Fed rate hike odds increased to 60% for September. Nvidia and chipmakers gained, while GameStop dropped 2% on sales decline forecasts. Energy stocks rose with oil prices.

U.S. energy stocks rose in premarket trading Monday, following a 3.5% increase in oil prices due to U.S.-Iran strikes in the Strait of Hormuz. Chevron (CVX) gained 1.7%, Exxon Mobil (XOM) rose 1.5%, and other energy firms also saw gains. The conflict has disrupted oil supply and raised tensions in the region.

The Delhi High Court ruled that moving oilfield equipment from a Free Trade Warehousing Zone to the Domestic Tariff Area under a new contract is a fresh import, not a re-import. Baker Hughes and Halliburton sought exemption, but the court upheld the Customs Authority's denial, stating the SEZ legislation's legal fiction cannot override other conditions. The decision affects companies in the oil and gas sector.