Shares of oil companies are trading higher as crude rises after the US on Thursday imposed sanctions on two shipping companies for violating the price cap on Russian oil. Additionally, the Israel-Hamas conflict has caused supply uncertainty.
Portfolio Pulse from Bill Haddad
Shares of oil companies are trading higher due to the rise in crude oil prices following the US sanctions on two shipping companies for violating the price cap on Russian oil. The ongoing Israel-Hamas conflict has also contributed to supply uncertainty.
October 13, 2023 | 10:34 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
BP's shares are likely to be positively impacted by the rise in crude oil prices due to US sanctions and supply uncertainty caused by the Israel-Hamas conflict.
As an oil company, BP's revenues are directly linked to the price of crude oil. The rise in crude oil prices due to US sanctions and supply uncertainty caused by the Israel-Hamas conflict is likely to increase BP's revenues and positively impact its share price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Halliburton's shares are likely to be positively impacted by the rise in crude oil prices due to US sanctions and supply uncertainty caused by the Israel-Hamas conflict.
As an oil company, Halliburton's revenues are directly linked to the price of crude oil. The rise in crude oil prices due to US sanctions and supply uncertainty caused by the Israel-Hamas conflict is likely to increase Halliburton's revenues and positively impact its share price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Marathon Oil's shares are likely to be positively impacted by the rise in crude oil prices due to US sanctions and supply uncertainty caused by the Israel-Hamas conflict.
As an oil company, Marathon Oil's revenues are directly linked to the price of crude oil. The rise in crude oil prices due to US sanctions and supply uncertainty caused by the Israel-Hamas conflict is likely to increase Marathon Oil's revenues and positively impact its share price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Occidental Petroleum's shares are likely to be positively impacted by the rise in crude oil prices due to US sanctions and supply uncertainty caused by the Israel-Hamas conflict.
As an oil company, Occidental Petroleum's revenues are directly linked to the price of crude oil. The rise in crude oil prices due to US sanctions and supply uncertainty caused by the Israel-Hamas conflict is likely to increase Occidental Petroleum's revenues and positively impact its share price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Schlumberger's shares are likely to be positively impacted by the rise in crude oil prices due to US sanctions and supply uncertainty caused by the Israel-Hamas conflict.
As an oil company, Schlumberger's revenues are directly linked to the price of crude oil. The rise in crude oil prices due to US sanctions and supply uncertainty caused by the Israel-Hamas conflict is likely to increase Schlumberger's revenues and positively impact its share price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80