On July 13, Equinor ASA rose 4.92% in regular trading to $35.61/share, with turnover of $85.73 million. The rally was driven by a broad rebound in international crude oil prices following reports that Iran's Islamic Revolutionary Guard Corps fired at least two missiles at commercial vessels transiting the Strait of Hormuz, striking two ships with severe damage. WTI crude climbed above $70/barrel while Brent crude rose over 2% to $73.52/barrel.
The geopolitical escalation lifted the entire Integrated Oil & Gas sector, with BP up 3.62%, Exxon Mobil up 3.56%, Chevron up 2.18%, Occidental up 2.16%, and Shell up 1.81%. Equinor's outperformance relative to peers may also reflect continued positive momentum from its recent $613.6 million subsea contract awards across four Norwegian continental shelf projects and the acquisition of BP's non-operated stake in the Bay du Nord offshore project in Canada.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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