Shares of energy companies are trading higher amid a rise in oil after the Israeli military carried out an airstrike on Hezbollah headquarters in Beirut, Lebanon. Also, Israeli Prime Minister Netanyahu, in a speech to the UN, mentioned Hezbollah and said his country has "every right to remove this threat and return our citizens to their homes safely."
Portfolio Pulse from Benzinga Newsdesk
Energy stocks are rising as oil prices increase following an Israeli airstrike on Hezbollah in Beirut. Israeli PM Netanyahu emphasized the right to address threats, impacting the energy sector.
September 27, 2024 | 4:20 pm
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POSITIVE IMPACT
BP shares are expected to benefit from the rise in oil prices due to increased geopolitical tensions in the Middle East.
BP, being a major oil company, is directly affected by changes in oil prices. The current geopolitical situation involving Israel and Hezbollah is likely to drive oil prices up, benefiting BP's stock.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Schlumberger shares may rise as oil prices increase due to geopolitical tensions following Israeli airstrikes.
As a leading oilfield services company, Schlumberger benefits from higher oil prices, which can lead to increased demand for its services. The geopolitical tensions in the Middle East are likely to push oil prices higher, positively impacting Schlumberger's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Exxon Mobil shares are likely to rise as oil prices increase due to geopolitical tensions in the Middle East following Israeli airstrikes.
Exxon Mobil, as a major player in the oil industry, benefits from rising oil prices. The geopolitical tensions in the Middle East, particularly involving Israel and Hezbollah, have historically led to increased oil prices, which positively impacts Exxon Mobil's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80