ENERGY

Caterpillar's shares surged after reporting record Q2 sales, driven by AI data center demand. The company raised its full-year outlook, showcasing its pivotal role in the AI infrastructure boom.

DoorDash has launched its own drone delivery service, DoorDash Air, after receiving FAA approval. The service aims to enhance delivery efficiency and reduce reliance on human couriers.

Viva Energy's shares rose 8.61% after a first-half trading update exceeded expectations, driven by a surge in refining margins. The company also reduced net debt, enhancing financial flexibility.

The ASX 200 index rose 0.45% to 8,933.8 points, driven by easing Middle East tensions, falling oil prices, and strong corporate earnings, despite pressure on energy stocks.

Cleveland-Cliffs shares jumped over 20% following a better-than-expected earnings report and a new $400 million defense contract, signalling potential recovery after recent stock declines.

Australia's ASX 200 index rose 0.39% as mining stocks led gains, supported by a strong session on Wall Street. Energy shares also showed promise amid global oil price surges.

Australia's ASX 200 index saw modest gains as oil prices surged due to US-Iran tensions, while semiconductor stocks faced a global selloff, impacting market sentiment.

Exxon Mobil shares fell amid volatile oil prices and geopolitical tensions in the Middle East, with analysts offering mixed outlooks ahead of the company's upcoming earnings report.

Sunrise Energy Metals' shares surged 13.34% as investor enthusiasm for its Syerston scandium project in New South Wales grows, bolstered by a significant supply agreement with Lockheed Martin.

The ASX 200 fell 0.42% amid rising oil prices and geopolitical tensions in the Middle East, impacting investor sentiment. Mining and technology stocks also faced declines, while a major gold sector merger was announced.

Lazard's analysis shows U.S. natural gas power costs at a 17-year high due to rising demand from data centres and AI infrastructure, highlighting challenges in balancing renewable integration and reliability.

The S&P Energy Select Sector Index rose 2.45% as oil prices increased due to geopolitical tensions in the Middle East, highlighting energy stocks' role as a hedge during uncertainty.

Australian shares fell as the ASX 200 index dropped due to U.S.-Iran tensions and rising oil prices, despite gains in energy stocks. Investors remain cautious amid geopolitical uncertainties.

Santos Ltd shares rose 5.78% as Middle East tensions escalated, boosting oil prices. The company's stock gains reflect broader energy market volatility and ongoing takeover speculation.

Tesla's Q2 vehicle deliveries exceeded expectations, showcasing operational strength. However, investor focus remains on AI and autonomy progress amid heavy spending and regulatory challenges.

Air Products cancels its Louisiana Clean Energy Project, reallocating resources to core business areas. The decision, reflecting capital discipline, led to a 9% surge in share prices.

AeroVironment's shares rose over 21% following record quarterly revenue and earnings, driven by strong demand for unmanned systems amid global security concerns.

Tesla's stock rose over 4% as investors showed confidence in its energy storage and autonomous driving innovations, despite industry challenges. The company's global expansion and technology focus drive growth.

FuelCell Energy's shares rose over 24% following a significant agreement with Fit Energy USA to supply clean power for AI data centers, highlighting the growing demand for sustainable energy solutions.

Elevra Lithium Ltd. reports a 22% revenue increase for Q1 2026, driven by North American expansion and strong demand for battery materials, boosting investor confidence and stock performance.

Chevron Corp. reports strong Q1 2026 earnings, boosts production, and enhances shareholder returns through dividends and share repurchases, while advancing partnerships and lower-carbon initiatives.

Exxon Mobil plans to redomicile to Texas, aligning its legal base with operational hubs. The move supports long-term growth, with analysts optimistic about the company's strategic investments and shareholder returns.

The ASX 200 dipped slightly amid renewed Hormuz tensions and softer U.S. futures, affecting energy and resource stocks. Traders remain cautious as geopolitical uncertainties influence market sentiment.

Investors are evaluating BHP Group and Commonwealth Bank in 2026, considering sector-specific risks, growth prospects, and valuation metrics amid shifting economic conditions and global developments.

Sunrise Energy Metals' shares rose 14.14% as investor interest in its Syerston scandium project grows, driven by strategic partnerships and demand for critical minerals in aerospace and clean energy sectors.

Tesla shares rose 3.03% to $402.85, driven by positive electric vehicle market conditions and enthusiasm for its autonomous driving and energy storage innovations.

Crude oil prices surged over 4% due to geopolitical tensions and supply concerns, affecting global markets and potentially increasing consumer fuel costs.

NEW YORK — Texas Pacific Land Corp. remains one of the most distinctive investment vehicles in the energy sector in 2026, offering pure exposure to the Permian Basin through its vast royalty acreage and minimal operational costs. As of early June, with shares trading around $390, investors continue to debate whether the stock deserves a buy rating or if current valuations warrant caution.

Argan Inc. shares rose over 10% following record fiscal 2027 earnings, driven by AI infrastructure demand and a strong project backlog, highlighting its role in power plant construction.