PR Newswire·Nov 9, 2026, 11:15 AM ET

Seven OPEC+ Producers Keep December Output Unchanged While Crude Opens Lower

Crude oil futures fell on November 9, 2026, with December WTI at $87.43 per barrel (down 3.74%) & January Brent at $93.96 per barrel (down 4.43%).
Seven OPEC+ nations met virtually on November 1, 2026, to maintain September 2026 production levels for December 2026 & scheduled their next meeting for November 29, 2026.
U.S. commercial crude oil stocks dropped 865,000 barrels to 409.8 million for the week ending October 30, 2026, & the next EIA report is delayed to November 12 due to a federal government closure on November 11.
ExxonMobil reported Q3 2026 earnings of $15.4 billion, announced $20 billion in 2027 share repurchases, & declared a Q4 dividend of $1.07 per share.
Chevron posted Q3 2026 earnings of $9.9 billion, set a new U.S. refinery throughput record of 1.09 million barrels per day, & plans $7 billion in investments for Venezuelan joint ventures over five years.
ConocoPhillips reported Q3 2026 earnings of $4.0 billion, raised its quarterly dividend by 11% to $0.93 per share, & confirmed its Willow project is on track for first oil in early 2029.
Marathon Petroleum reported Q3 2026 net income of $7.4 billion, increased its quarterly dividend by 10%, & is advancing a divestiture of Mid-Con assets to reinvest in the Gulf Coast.
Cheniere Energy raised its full-year 2026 EBITDA guidance to $8.75–$9.25 billion, reported Q3 revenues of $6.2 billion, & declared a Q4 dividend of $0.625 per share payable November 17.