Chord Energy, Murphy Oil, and Diamondback Energy Shares Are Falling, What You Need To Know

What Happened?

A number of stocks fell in the afternoon session after a sharp retreat in crude oil and natural gas prices amid shifting geopolitical expectations weakened sentiment. 

WTI crude futures plunged over 10% to around $84 per barrel, a steep reversal from the nearly $120 seen in the previous session. The sell-off was triggered by multiple factors, including comments from President Trump suggesting the war with Iran could be brief. Additionally, global leaders are signaling a readiness to intervene to stabilize energy markets. The International Energy Agency (IEA), an organization that works to ensure reliable, affordable, and clean energy, has convened a meeting to assess the situation, with G7 nations requesting preparations for a potential release of emergency oil reserves. Meanwhile, natural gas prices also declined, with the U.S. Energy Information Administration lowering its price forecast due to strong domestic production and mild weather, which are expected to insulate the U.S. market from the conflict's impact.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

• U.S. Shale E&P company Chord Energy (NASDAQ:CHRD) fell 3.2%. Is now the time to buy Chord Energy? Access our full analysis report here, it’s free.
• Mixed or Offshore Upstream E&P company Murphy Oil (NYSE:MUR) fell 2.5%. Is now the time to buy Murphy Oil? Access our full analysis report here, it’s free.
• U.S. Shale E&P company Diamondback Energy (NASDAQ:FANG) fell 2.7%. Is now the time to buy Diamondback Energy? Access our full analysis report here, it’s free.

Zooming In On Chord Energy (CHRD)

Chord Energy’s shares are not very volatile and have only had 7 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.

Chord Energy is up 26% since the beginning of the year, and at $119.33 per share, it is trading close to its 52-week high of $123.22 from March 2026. Investors who bought $1,000 worth of Chord Energy’s shares 5 years ago would now be looking at an investment worth $2,023.

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