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BrokeCoin is a meme-meets-utility cryptocurrency project operating under the ethos of Transparency, Community, and Respect. Formally registered as an LLC in Wyoming, USA, BrokeCoin is building an expansive ecosystem that combines light-hearted spirit of meme culture with real-world crypto utilities—spanning gaming, staking, NFTs, web services, and an e-commerce platform. Brokecoin believes in developing useful and interesting meme-inspired utilities to both service the crypto industry, and generate value for holders.

Brokecoin

$BROKE.X is trending as the community celebrates new all-time highs and anticipates an upcoming Bifinance listing. This meme coin on Solana is touted for its strong community, consistent development, and resilience, with many highlighting its 9-month survival in a space where projects often fade quickly. The ongoing 'Biggest Buy Contest' and a locked airdrop are also generating excitement.

Dog (Bitcoin) is a fully decentralized memecoin on the Bitcoin blockchain, backed by a community dedicated to onboarding millions of people to Bitcoin.  Dog is secured by the Bitcoin blockchain and exists on Bitcoin L1, marking a significant innovation compared to Bitcoin with just BTC. Dog is a Bitcoin Runes token with a minimal on-chain footprint, native to Bitcoin, and stored in UTXOs, just like Bitcoin.   What is the project about?  Dog does not do any paid promotion and is fully decentralized just like Bitcoin. Every influencer who chooses to post about Dog either received the airdrop or bought on secondary. Dog leverages the CC0 license to ensure that Dog is not owned by any single entity but rather by everyone. This had lead to the "DOG Army" independently creating art, apps, lotteries, plushies, websites, podcast, magazines, X account, IRL meetups, clothing lines, PFP collections, Telegram groups, and TikTok/Instagram about Dog.  What makes your project unique?  Dog was airdropped in the fairest memecoin launch ever. In early 2024, the Bitcoin Ordinals ecosystem came together in a full volunteer initiative that rewarded early adopters of the Ordinals Protocol. There was no team allocation, and 100% of the supply was airdropped for free. The airdrop algorithm favored neither whales nor influencers; it was determined by the community and made open-source for maximum transparency.

Dog (Bitcoin)

Dog (Bitcoin) ($DOG.X) is trending as community members highlight its fair distribution and status as a Bitcoin-native meme coin launched via Runes. Many see $DOG.X as a way to onboard more users to Bitcoin, emphasizing its strong community and decentralized nature. Some community members are comparing it to $DOGE.X and anticipating a similar parabolic run.

DMTC or DIAMOND The Cat Coin is a viral meme coin on Solana Blockchain, Based in Thailand and Global and Based on a true story about my lovely cat(DIAMOND) and made by love, I just want my cat to be immortal in this whole world until I die that's a first idea of this project start. We're start from $2,000 Market cap and hit All time high at $10.9 million, please come to check our project and let's DMTC get list on Coingecko to let's everyone in this whole world know DMTC.

DIAMOND The Cat Coin

DIAMOND The Cat Coin ($DMTC.X) is gaining attention, with community members highlighting accumulation and potential for a breakout. Discussions center on its strong chart and the expectation of significant upward movement, with many using terms like "rocket" and "moon mission" to describe its potential. Community members suggest early entry for optimal gains.

What Is Pi Network? Pi Network is a social cryptocurrency, developer platform, and ecosystem designed for widespread accessibility and real-world utility. It enables users to mine and transact Pi using a mobile-friendly interface while supporting applications built within its blockchain ecosystem.  Supply Model and Mining Mechanism The Maximum Supply of Pi is 100 billion tokens. The Maximum Supply is comprised of the following: 65 Billion tokens (or 65%) are allocated for all community mining rewards; 10 billion (10%) are allocated for foundation reserves; 5 billion (5%) are allocated for liquidity purposes; and 20 billion (20%) are allocated for the Core Team. Each allocation mentioned above tracks the community Migrated Mining Rewards issuance pace, so the proportions of each allocation in the total supply remains the same at any given time.   The Effective Total Supply of Pi—the total Pi supply at the current time—allocates Pi proportionally the same as the Maximum Supply. Since every allocation tracks the Migrated Mining Rewards of the community, the Effective Total Supply can be calculated by dividing the current Migrated Mining Rewards of Pi on the Mainnet blockchain by 65%. The other allocations within the Effective Total Supply can then be calculated based on the same proportions as the Maximum Supply, e.g. at most 10% of the Effective Total Supply is available in the foundation reserve, 5% of the Effective Total Supply is available for liquidity purposes, and 20% of the Effective Total Supply is available for the Core Team. This remains true despite the fact that all tokens were minted at the genesis as technically required by the blockchain protocol.  Circulating Supply includes all Migrated Mining Rewards and all tokens that entered circulation from other buckets of the allocations, which at its maximum could be summed up to equal the Effective Total Supply.   Pi’s mining rewards are distributed based on an issuance formula that follows a declining exponential model defined in the Pi whitepaper. Users can increase the amount of mining rewards they receive based on their individual contributions to the network, like Security Circles, using utility-based Pi apps, running Nodes, etc. For each month, the amount of Pi to be distributed as mobile balance is capped and determined by the model, regardless of how many people or how many types of mining rewards there are during the month. The capping is achieved by the design of a system-wide base mining rate, and each type of mining rewards to each individual are just a multiplier of this base mining rate. As the monthly supplies always diminish, the base mining rate generally decreases over time.   Fewer Pi may also be issued because the real Pi issuance on the blockchain depends on Pioneers passing KYC and completing all steps required for migration to the Mainnet. Despite all efforts to facilitate and remind Pioneers to complete those required steps, there are always dropoffs along the way, resulting in less than all outstanding mobile balances to be issued on the blockchain. Because of this mechanism, the community issued amount (Migrated Mining Rewards) on the blockchain will likely be closer and closer to a line lower than the 65 billion. This is thus the reason for the variable Effective Total Supply which incorporates this effect. Effective Total Supply results from all Migrated Mining Rewards divided by 65%, as opposed to the Maximum Supply of 100 billion.  Ecosystem and Adoption Pi Network has built an integrated ecosystem that facilitates real-world transactions and decentralized applications. Pi can be used as a medium of exchange for goods and services, including online commerce and local brick-and-mortar businesses.  Users can engage with Core Team and community-built apps in the Pi ecosystem through the Pi Browser, where integrated features like the Pi Wallet provide a seamless experience. Events like PiFest 2024 showcased Pi’s growing adoption, with over 27,000 active sellers and 28,000 test merchants across 160 countries.  Who Are the Founders of Pi Network? Pi Network was founded by Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, both of whom have PhDs from Stanford University and a passion for improving human lives through technology.  Dr. Nicolas Kokkalis is a Stanford PhD in EE and postdoc in CS with research on distributed systems and human-computer interaction. His work focuses on combining distributed systems and human computer interaction to bring cryptocurrency to everyday people. As a strong and long-term believer of the technical, financial and social potential of cryptocurrencies, he is determined to move them beyond their current limitations and is committed to bringing the power of blockchain to more people.  Dr. Chengdiao Fan holds a Stanford PhD in Anthropological Sciences, harnessing social computing to unlock human potential on a global scale. Chengdiao is building Pi Network to mobilize individuals all over the world to participate and be rewarded for their contributions, and establish an inclusive ecosystem for global citizens to unleash and capture their own agency, and in turn create utilities and productions for society and the world.  Compliance and Identity Verification Pi Network follows a one-account-per-person policy through its Know Your Customer (KYC) solution. This system combines machine automation and human verification to authenticate user identities while preserving privacy.  The KYC process emphasizes real individuals, combats fraudulent activities and enables fair participation in the mining process of the network. Pi’s identity verification approach balances scalability, security, and accessibility, allowing millions of users worldwide to validate their accounts while maintaining regulatory compliance.

Pi Network

Pi Network is trending as users discuss the implications of the upcoming KYC grace period expiration, particularly its potential impact on circulating supply and future exchange listings.  Some community members are speculating on potential price movements and accumulating, while others express frustration with unverified balances and limited exchange availability. The community also discusses the long-term potential of Pi as a decentralized currency, with some highlighting its unique aspects and dismissing negative sentiment.

BioCryst Pharmaceuticals, Inc. is a biotechnology company. It engages in the provision of structure-guided drug design with the goal of developing oral small-molecule and protein therapeutics to target difficult-to-treat rare diseases. The company was founded by William M. Spencer III, Charles E. Bugg, and John A. Montgomery in 1986 and is headquartered in Durham, NC.

Biocryst Pharmaceuticals Inc.

Biocryst Pharmaceuticals is trending as the community discusses the implications of the CEO's upcoming retirement and a newly appointed replacement. Some investors speculate this transition, combined with recent strategic moves like selling European rights, points towards a potential acquisition, while others express concern about the company's future direction. Discussions also focus on the company's earnings potential and pipeline development.

Monopar Therapeutics, Inc. is a clinical stage biopharmaceutical company, which engages in developing proprietary therapeutics for cancer patients. It also focuses on building a drug development pipeline through the licensing, and acquisition of therapeutics in late preclinical and clinical development stages. The company was founded by Chandler Drew Robinson, Christopher M. Starr and Andrew P. Mazar in December 2014 and is headquartered in Wilmette, IL.

Monopar Therapeutics Inc

Monopar Therapeutics is trending as community members discuss the potential impact of recent analyst ratings updates and compare it to other companies with similar setups. Bullish investors are pointing to its radiopharmaceutical pipeline and comparing it to other tickers that have experienced significant rallies. Some traders are noting the stock's volatility and potential for a short squeeze.

ZoraAI agents are designed to take the complexity out of everyday tasks, leaving you with more time and energy to focus on what matters most. With their powerful automation and adaptability, your life and work will become more efficient and effortless. With ZoraAI, you’re in control. The customizable agents feature lets you mix and match your favorite tools and capabilities from different agents to build one that’s perfectly tailored to your needs. Whether you want a multitasking powerhouse or a focused specialist, your personalized agent is designed to work exactly how you want it to—no coding required.

Zoracles

Zoracles ($ZORA.X) is trending as community members discuss recent price action and potential breakout scenarios, while some express concerns about possible pullbacks. The coin's association with social media and content creation on the Base network is also a key talking point. Some users are drawing comparisons to other social media platforms.

Dermata Therapeutics, Inc. is a clinical-stage medical dermatology company that focuses on identifying, developing, and commercializing pharmaceutical product candidates for the treatment of medical and aesthetic skin diseases. Its product pipeline includes DMT310, DMT400, and DMT410. The company was founded by David F. Hale and Gerald T. Proehl on December 8, 2014 and is headquartered in San Diego, CA.

Dermata Therapeutics Inc

Dermata Therapeutics is trending as traders discuss its potential as a squeeze play, citing its small float and upcoming catalysts. The community is also focused on the company's strategic shift to OTC products for acne treatment, anticipating a potential market revolution. Some are comparing it to other stocks with golden cross formations, noting high insider ownership.

Wynn Resorts Ltd. is a holding company, which engages in the design, development, and operation of destination casino resorts. It operates through the following segments: Wynn Palace, Wynn Macau, Las Vegas Operations, Encore Boston Harbor, and Corporate and Other. The company was founded by Stephen Alan Wynn, Elaine P. Wynn, and Kazuo Okada in 2002 and is headquartered in Las Vegas, NV.

Wynn Resorts Ltd.

Wynn Resorts (WYNN) is trending amid discussions around its Q2 2025 revenue and Macau's performance, which continues to be a talking point within the community. Investors are weighing expansion plans, such as the Wynn Al Marjan Island in the UAE, against current revenue. Overall sentiment appears cautiously optimistic, tied to the potential for Macau's recovery and the success of new ventures.

Starbucks Corp. engages in the production, marketing, and retailing of specialty coffee. It operates through the following segments: North America, International, and Channel Development. The North America segment focuses on the United States and Canada. The International segment is involved in China, Japan, Asia Pacific, Europe, Middle East, Africa, Latin America, and Caribbean. The Channel Development segment includes roasted whole bean and ground coffees, Seattle’s Best Coffee, and Teavana-branded single-serve products. The company was founded by Jerry Baldwin and Howard D. Schultz on November 4, 1985, and is headquartered in Seattle, WA.

Starbucks Corp.

Starbucks Corp

Starbucks is trending amid discussions around its recent earnings and a planned "wave of innovation," including protein-infused options and store redesigns; however, some community members express concerns about declining sales, market share, and competition from rivals like Luckin Coffee, especially in China, while questioning the effectiveness of the company's turnaround strategy and CEO compensation.

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ConocoPhillips (COP) Chief Executive Ryan Lance reportedly told employees&nbsp;on Thursday that the decision to lay off as much as 25% of the workforce stemmed in part from the company losing competitiveness as it focused on acquiring smaller rivals.<a href="https://stocktwits.com/symbol/COP">ConocoPhillips’ stock</a> fell more than 3.5% in Friday afternoon trading, extending its weekly decline to about 6.7% on the layoff&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/conoco-phillips-to-lay-off-up-to-25-precent-of-its-workforce/chwcTx7Rdob">announcement</a>. However, retail sentiment on Stocktwits around the oil and gas producer moved higher within the ‘bullish’ zone over the past week."The cost and the whole competitiveness of the company probably took a backseat to those initiatives and those things we were doing for very real reasons, important reasons for the company," Lance said in a recording of the town hall,&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.reuters.com/business/world-at-work/i-fault-myself-not-paying-more-attention-conoco-ceo-tells-employees-facing-deep-2025-09-05/">cited</a> by Reuters. The report stated that the town hall meeting took place a day after the company announced the layoffs, which are part of a broader restructuring aimed at reducing costs.&nbsp;"I fault myself for not paying attention and keeping the other things sort of centered and important," added Lance. "We probably backslid a little bit in the cost effort... maybe we should have been smarter about how we did it."&nbsp;Last year, the company bought Marathon Oil for $22.5 billion. In 2021, ConocoPhillips acquired Concho Resources for $9.7 billion and bought Permian assets from oil major Shell (SHEL) for $9.5 billion.&nbsp;The energy industry has undergone the largest consolidation in a generation over the past two years, according&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.ey.com/en_us/newsroom/2025/08/consolidation-reshapes-the-us-oil-and-gas-industry">to</a> EY. Other oil companies have also been laying off employees to save costs. Earlier this year, in February, Chevron (CVX) announced that it would be&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.bbc.com/news/articles/c8ed3n1zw05o">reducing</a> its workforce by 15% to 20% by 2026. Last year, Shell&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://finance.yahoo.com/news/shell-plans-20-cut-workforce-130600502.html">laid off</a> around 20% of its workforce.&nbsp;Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/bessent-says-fed-must-change-course-to-preserve-independence/chwI13sRdqQ">Bessent Reportedly Says Fed Must Change Course To Preserve Independence</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Ryan M. Lance, Chairman & CEO of ConocoPhillips, speaks during the Global Energy Supplies & Security session of the Qatar Economic Forum 2025 in Doha, Qatar, on May 20, 2025. (Photo by Noushad Thekkayil/NurPhoto via Getty Images)

ConocoPhillips CEO Reportedly Says M&A Focus Hurt Competitiveness, Leading To Jobs Cuts – ‘I Fault Myself’

CEO Ryan Lance said he faults himself for not paying attention, adding that the company should have been smarter about how it approached its acquisitions.

Equity

Exxon Mobil (XOM) is reportedly looking to sell its European chemical plants as the sector is grappling with higher U.S. tariffs and intense competition from producers in China.According to a report by the Financial Times, Exxon has held early-stage discussions with advisers in recent weeks on possible sales, which could fetch up to $1 billion.The supermajor is specifically weighing the sale of its plants in the UK and Belgium, the report stated. The company owns an ethylene plant in the Scottish town of Fife, alongside multiple production sites in Belgium. The company had also discussed just shutting them down.However, the report mentioned that there was no guarantee a deal would materialize and Exxon could choose to retain the facilities. If the Houston-based company goes through with the sale, it will join another U.S. firm, LyondellBasell, which has decided to offload four struggling production facilities on the continent.Retail sentiment on Stocktwits about <a href="https://stocktwits.com/symbol/XOM">Exxon</a> was in the ‘neutral’ territory at the time of writing.<figure class="image"><img style="aspect-ratio:797/96;" src="https://news.stocktwits-cdn.com/XOM_Sept_4_JPG_4ef01009c1.webp" alt="XOM’s Sentiment Meter and Message Volume as of 02:28 a.m. ET on Sept. 4, 2025 | Source: Stocktwits" width="797" height="96"><figcaption>XOM’s Sentiment Meter and Message Volume as of 02:28 a.m. ET on Sept. 4, 2025 | Source: Stocktwits</figcaption></figure>For years, chemical producers have struggled to cope with rising energy and feedstock costs alongside intense competition from Chinese producers. In the first quarter, Europe’s chemical capacity utilization stood at 74%, significantly below the EU’s long-term average. Chemicals production in the 27-nation block has trailed behind the U.S. for the last three years.While major EU economies are still struggling to gather momentum, U.S. President Donald Trump’s 15% tariffs have further made EU exports uncompetitive across the Atlantic.Exxon, which has frequently criticized Brussels for its policies, had said in May that it was in exclusive talks to sell its controlling stake in French fuel unit Esso SAF, as well as its wholly owned chemical business in the country to North Atlantic France SAS, a unit of Canadian fuel retailer North Atlantic.Exxon shares have gained 3.4% this year.Also See: <a href="https://stocktwits.com/news-articles/markets/equity/trump-s-white-house-backs-off-from-wto-funding-cuts-after-criticism/chw5uvHRdoF">Trump’s White House Backs Off From WTO Funding Cuts After Criticism</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

 In this photo illustration, the logo of ExxonMobil is displayed on the screen of a tablet. (Photo Illustration by Sheldon Cooper/SOPA Images/LightRocket via Getty Images)

Exxon Weighs Sale Of European Chemical Units Worth Up To $1B Amid Tariffs, China Pressure: Report

Plants in Fife and Belgium could be on the block, but the outcome remains uncertain, according to the FT.

Should You Invest in the Energy Select Sector SPDR ETF (XLE)?

Oil prices slipped in Asia trading hours on Monday after OPEC+ once again decided to significantly raise output amid concerns over the health of the U.S. economy, the top oil consumer.Brent crude prices slipped 0.5% at $69.33 per barrel, while U.S. West Texas Intermediate (WTI) crude prices fell 0.5% at $67 per barrel. However, retail sentiment on Stocktwits about the United States Oil Fund (USO) was still in the ‘bullish’ territory at the time of writing.The Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, said on Sunday that they would increase September production by 547,000 barrels per day (bpd) compared to August, the latest in a series of output hikes as they attempt to regain market share. The group noted that the decision was taken due to a steady “global economic outlook and current healthy market fundamentals.”While summer demand has remained strong in the Western Hemisphere, analysts predict that oil supply will outpace demand by year-end. Both future contracts had fallen by over $2 on Friday, after the soft U.S. jobs data had signaled raised concerns over oil consumption in the world’s largest economy.According to a Reuters <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.reuters.com/business/energy/oil-slips-opec-proceeds-with-september-output-hike-2025-08-03/">report</a>, Goldman Sachs analysts noted that the actual supply boost from the eight OPEC+ countries stands at about 1.7 million bpd, or about two-thirds of announced capacity, as other group members have looked to cut capacity to compensate for overproducing earlier."While OPEC+ policy remains flexible and the geopolitical outlook uncertain, we assume that OPEC+ keeps required production unchanged after September," the analysts reportedly said in the note before adding that the rise in non-OPEC production will likely not leave much scope for extra OPEC+ barrels.However, potential penalties on the buyers of Russian crude could still crimp supplies and provide a boost to oil prices. According to reports, Indian officials have not instructed refiners to stop buying Russian oil despite threats by U.S. President Donald Trump to impose additional 100% levies.Also See: <a href="https://stocktwits.com/news-articles/markets/equity/asian-economies-brace-for-export-hit-as-us-tariff-effects-begin-to-bite/chrX2aoRdR9">Asian Economies Brace For Export Hit As US Tariff Effects Begin To Bite</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Oil pumping units are seen as the results of the first quarter of 2025, 8.3 million tons of oil are produced in the Republic of Tatarstan on July 14, 2025.

Oil Prices Dip As OPEC+ Set To Boost September Output Amid U.S. Economic Jitters

Brent crude prices slipped 0.5% to $69.33 per barrel, while U.S. West Texas Intermediate (WTI) crude prices fell 0.5% to $67 per barrel.

Oil prices rose in early trading on Monday, aided by optimism surrounding the trade deal between the U.S. and the European Union, amid hopes of an extension of the tariff truce between Beijing and Washington, D.C.Benchmark Brent crude prices rose nearly 1% to $69.08 per barrel, while West Texas Intermediate crude prices gained 0.8% at $65.58 per barrel at 2.30 a.m. ET. Retail sentiment on Stocktwits about the <a href="https://stocktwits.com/symbol/USO">United States Oil Fund</a> (USO) was in the ‘neutral’ territory at the time of writing.The EU agreed to a baseline tariff of 15% for its exports to the U.S., including automobiles. The 27-nation bloc also agreed to American energy products worth $750 billion and pledged to invest $600 billion in the U.S. The deal alleviated some concerns about a slowdown in economic growth, as the EU is Washington's largest trading partner.Separately, U.S. and Chinese officials will meet in Stockholm to extend a tariff truce beyond the Aug. 12 deadline. Key topics of discussion include how long the tariff truce will last, U.S. levies linked to fentanyl trafficking, and China’s imports of sanctioned oil from Russia and Iran. Trump said on Sunday that his administration was “very close” to securing a trade deal with China.However, the prospect of rising oil supplies was weighing on prices. The market monitoring panel for the Organization of the Petroleum Exporting Countries and its allies is scheduled to meet on Monday at 1200 GMT. A Reuters report said that while it is unlikely to recommend altering existing plans by eight members to raise oil output by 548,000 barrels per day in August, a change cannot be ruled out yet.“The market has largely taken rising OPEC+ production in stride, but there may still be some point where one barrel too many does tip the market lower,” said energy market analyst Tim Evans in a note.Also See: <a href="https://stocktwits.com/news-articles/markets/equity/thousands-of-dominion-energy-customers-in-virginia-remain-without-power-after-storms/choeQAYR5DI">Thousands Of Dominion Energy Customers In Virginia Remain Without Power After Storms</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

In an aerial view, the LyondellBasell Houston refinery is seen at sunset on June 18, 2025 in Houston, Texas.

Oil Prices Gain After US-EU Trade Deal Spurs Growth Optimism, China Talks In Focus

Benchmark Brent crude prices rose nearly 1% to $69.08 per barrel, while West Texas Intermediate crude prices gained 0.8% at $65.58 per barrel at 2.30 a.m. ET.

Chevron (CVX) has reportedly received approval from the Trump administration to restart pumping oil in Venezuela.&nbsp;<a href="http://stocktwits.com/symbol/CVX">Chevron’s stock</a> gained 1.2% in midday trade on Thursday. On Stocktwits, retail sentiment moved higher within the ‘bullish’ zone.According to a&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.wsj.com/world/americas/trump-administration-greenlights-chevron-to-resume-pumping-oil-in-venezuela-0353262b">report</a> by The Wall Street Journal (WSJ), the agreement’s terms remain unclear. It noted that the development comes after President Donald Trump and Secretary of State Marco Rubio’s recent discussions with Venezuela, which resulted in the release of 10 detained Americans in the country.&nbsp;“Chevron conducts its business globally in compliance with laws and regulations applicable to its business, as well as the sanctions frameworks provided for by the U.S. government, including in Venezuela,” Chevron spokesman Bill Turenne told The WSJ.Chevron had been one of the main oil producers in Venezuela, operating through joint ventures with the state-owned oil company PDVSA.Earlier this year, the Trump administration revoked Chevron’s licenses to operate and export crude oil from Venezuela, citing the country’s failure to meet democratic electoral conditions and to let migrants return to the U.S. The revocation of those licenses had forced Chevron to wind down its operations in Venezuela.&nbsp;Venezuela&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.reuters.com/sustainability/chevron-terminates-contracts-will-keep-staff-venezuela-sources-say-2025-05-28/">reportedly</a> canceled scheduled crude cargoes to Chevron due to payment uncertainties linked to U.S. sanctions, further complicating operations.Meanwhile, the company&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.reuters.com/sustainability/chevron-terminates-contracts-will-keep-staff-venezuela-sources-say-2025-05-28/">reportedly</a> wrapped up its oil production, service, and procurement contracts in the country by May, delegating governance of the joint ventures to PDVSA and keeping its local staff employed under limited U.S. authorization.&nbsp;Chevron’s stock has gained more than 6% this year so far and barely 1% in the last 12 months.Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/trump-asserts-he-doesnt-intend-to-destroy-elon-musk-companies/ch8yy9CR5H1">Trump Asserts He Doesn’t Intend To ‘Destroy’ Elon Musk’s Companies, Wants US Firms To ‘Thrive’</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

A Chevron gas station is shown on October 23, 2023 in Austin, Texas. (Photo by Brandon Bell/Getty Images)

Chevron Gets Trump Administration’s Nod To Resume Oil Production In Venezuela: Report 

According to a report by The Wall Street Journal (WSJ), the agreement’s terms remain unclear. 

Should You Invest in the Invesco S&P 500 Equal Weight Energy ETF (RSPG)?

Baker Hughes stock gained 1.6% in premarket trading on Wednesday after the oilfield technology firm’s second-quarter profit topped Wall Street estimates amid strong data center-related orders.The company reported adjusted earnings of $0.63 per share for the three months ended June 30, while analysts expected it to post $0.55 per share in earnings, according to Fiscal.ai data. Its revenue of $6.9 billion also topped estimates, but came in lower than a year earlier.Similar to its rivals, SLB and Halliburton, <a href="https://stocktwits.com/symbol/BKR">Baker Hughes</a> projected a decline in oilfield activity amid concerns about oil demand. The firm expects upstream spending in North America to be down low-double digit percentage points and international to decline by high-single digit percentage points.However, the company is banking on growing power demand to mitigate the impact of a weak outlook for its core oilfield services segment. According to a <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.deloitte.com/us/en/insights/industry/power-and-utilities/data-center-infrastructure-artificial-intelligence.html">report</a> by Deloitte, power demand from AI data centers in the United States is expected to grow more than thirtyfold, reaching 123 gigawatts, up from 4 gigawatts in 2024.The company said that orders at its Industrial &amp; Energy Technology reached $3.5 billion in the second quarter, resulting in another record backlog for the segment. About $500 million of the new orders were related to data center projects. The company raised the full-year revenue and earnings before interest, taxes, depreciation, and amortization (EBITDA) forecast for the IET segment.Retail sentiment on Stocktwits was in the ‘bullish’ territory at the time of writing, while retail chatter was ‘high.’The company also said it expects to "meet or exceed" its three-year goal to confirm $1.5 billion of orders in data center equipment ahead of prior expectations. It also continues to expect tariff impact between $100 million and $200 million on consolidated 2025 core earnings.“We remain confident in our ability to deliver solid performance in 2025, with continued growth in IET helping to offset softness in more market-sensitive areas of OFSE – underscoring the strength of our portfolio and the benefits of our strategic diversification,” CEO Lorenzo Simonelli said.Baker Hughes stock has fallen 3.8% this year.Also See: <a href="https://stocktwits.com/news-articles/markets/equity/rocket-companies-joining-meme-stock-frenzy-retail-sees-mortgage-firm-taking-off-to-the-skies-amid-potential-short-squeeze/ch8wSRWR5Ma">Rocket Companies Joining Meme Stock Frenzy? Retail Sees Mortgage Firm Taking Off To The Skies Amid Potential Short Squeeze</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

 In this photo illustration, the Baker Hughes Company logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images)

Baker Hughes Posts Upbeat Q2 Earnings, Sees AI Power Demand Driving Growth Amid Slowdown In Oilfield Activity 

About $500 million of its new orders were related to data center projects.

Baker Hughes Posts Upbeat Q2 Earnings, Sees AI Power Demand Driving Growth Amid Slowdown In Oilfield Activity

Should You Invest in the Fidelity MSCI Energy Index ETF (FENY)?

Oil prices fell on Tuesday as investors remained concerned about the worsening global economic outlook, driven by trade tensions and higher supplies.Benchmark Brent crude prices were down 40 cents at $68.81 per barrel, while U.S. West Texas Intermediate crude prices fell by 0.7% at $65.51 per barrel at 2.15 a.m. ET. &nbsp;Uncertain U.S. tariff policy is raising doubts about improvement in consumer sentiment during the second half of the year. According to the July report by the International Energy Agency, oil demand is expected to grow by about 700,000 barrels per day in 2025, the slowest pace of growth since 2009.According to a Reuters News report, Priyanka Sachdeva, senior market analyst at Phillip Nova, said, "Broad demand concerns continue to simmer amid escalating global trade tensions, especially as markets eye the latest tariff threats between major economies and Trump's potential announcements ahead of [the] August 1 deadline."On Sunday, Commerce Secretary Howard Lutnick <a href="https://stocktwits.com/news-articles/markets/equity/trump-commerce-secretary-lutnick-confident-of-sealing-great-eu-trade-deal/ch8qDZfR5A9">confirmed</a> that Aug. 1 is the “hard deadline” before the reciprocal tariffs take effect. However, he added that countries could still negotiate with the U.S. to lower the tariffs, which have reached as high as 40% for some countries.A rise in supply is also putting downward pressure on oil prices. Saudi Arabia’s oil exports rose to their highest level in three months in May. Retail sentiment on Stocktwits about the <a href="https://stocktwits.com/symbol/USO">United States Oil Fund</a> (USO) was in the ‘bearish’ territory.According to the Reuters <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.reuters.com/business/energy/oil-falls-trade-war-concerns-increase-worries-about-fuel-demand-2025-07-22/">report</a>, IG analyst Tony Sycamore stated that a weaker U.S. dollar has provided some support for crude, as buyers using foreign currencies are paying less for the contracts.Investors are also assessing the impact of the planned U.S. tariffs on the buyers of Russian oil. In an interview with Fox News, U.S. Senator Lindsey Graham warned Brazil, India, and China against purchasing Russian crude, stating that U.S. tariffs could “crush their economies.”Also See: <a href="https://stocktwits.com/news-articles/markets/equity/malaysia-reportedly-seeks-20-tariff-cap-from-trump/ch8MdxeR5s5">Malaysia Reportedly Seeks 20% Tariff Cap From Trump — Still Haggling Over EVs, Foreign Ownership Demands</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Row of oil pumps in blue color on a clear sky background, sunset. Siberia. 

Oil Prices Dip As Investor Concerns Grow About Trump’s Trade War

Benchmark Brent crude prices were down 40 cents at $68.81 per barrel, while U.S. West Texas Intermediate crude prices fell by 0.7% at $65.51 per barrel at 2.15 a.m. ET.

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