European Oil Majors BP, Shell, and TotalEnergies Gain $4.75 Billion from Iran Tensions

Although the news indicates that TotalEnergies has benefited from the Iran tensions, this situation may increase geopolitical risks and uncertainty. The stock has fallen 5.3% in the last 24 hours, and while the RSI at 36.8 is approaching oversold territory, the MACD and signal line are in negative territory, and the stock is trading below the SMA20 and SMA50. Given the weak short-term technical outlook, the downtrend is likely to continue.

Although the headline suggests BP benefits from Iran tensions, this situation may increase geopolitical risks and uncertainty. Technical indicators are quite weak: RSI at 24.8 is in oversold territory, MACD is below zero and below its signal line, and the price is below both the 20-day and 50-day moving averages. The sharp 7.5% decline in the last 24 hours indicates continued selling pressure. The likelihood of a short-term recovery is low, and the downtrend is expected to persist for some time.

Shell shares have fallen 6.8% in the last 24 hours, with the RSI dropping to 25, entering oversold territory. The MACD line is below the signal line and in negative territory, indicating weak short-term momentum. Although news headlines suggest Shell is benefiting from tensions with Iran, this could increase geopolitical risks and lead investors to adopt a cautious approach. Trading below its 20- and 50-day moving averages, the stock presents a technically weak outlook. The likelihood of a continued downward trend in the short term is high.

XOM experienced a 6.8% drop over the past 24 hours, with its price remaining below both the 20‑ and 50‑day moving averages. The Relative Strength Index (RSI) sits at 32.8, just above the oversold threshold, while the MACD is in negative territory. Although BP, Shell, and TotalEnergies are projected to earn $4.75 billion from heightened Iran tensions—potentially supporting broader oil prices—XOM’s technical profile suggests short‑term resistance. Consequently, a modest decline or flat trading range is likely over the next one to three days. Investors should closely monitor technical signals and overall market sentiment.