'Exxon wins Texas approval for $5bn carbon capture project' - Financial Times

'Exxon Is Nearing A Preliminary Deal To Invest In Venezuela’s Oil Fields; The U.S. Oil Major Is Negotiating A Potential Return To The Latin American Country 19 Years After Its Exit' - WSJ Exclusive

https://www.wsj.com/business/energy-oil/exxon-is-nearing-a-preliminary-deal-to-invest-in-venezuelas-oil-fields-8c02126b

Shares of oil and gas related-companies are lower amid reports suggesting that Saudi Arabia is attempting to restore crude oil exports quickly through pipeline repairs and ship-to-ship transfers. Also, API and EIA data indicated weekly U.S. crude and distillate inventory growth, further pressuring the oil price.

Stock Market News for Sep 16, 2026

Wall Street declined on Tuesday as rising Treasury yields and debt concerns weighed on investor sentiment, particularly affecting discretionary and utilities stocks. The Dow fell 0.6%, Nasdaq dropped 0.8%, and S&P 500 lost 0.5%. Energy stocks bucked the trend, gaining 2.3% as oil prices surged due to Saudi supply disruptions. Markets are pricing in a 94.5% likelihood of a Fed rate hike on Wednesday.

Why the Market Dipped But Exxon Mobil Holdings (XOM) Gained Today

Exxon Mobil (XOM) rose 2.42% to $169.08, outperforming the S&P 500's 0.45% decline. The company is expected to report Q3 EPS of $3.78 (up 101% YoY) and revenue of $104.88 billion (up 23% YoY). With a Zacks Rank #3 (Hold) rating and a Forward P/E of 13.84 (above industry average of 8.9), the stock trades at a premium valuation despite strong earnings growth expectations.