Baker Hughes reported second-quarter earnings and revenue that significantly surpassed analyst expectations, driven by record-breaking orders in its Industrial & Energy Technology segment.
Shares of BP fell more than 3% as a significant drop in Brent crude prices, driven by signs of easing geopolitical tensions in the Middle East, erased recent gains for the energy sector.
Shares in the UK-based science investor IP Group fell more than 3% after its largest shareholder, Railpen, announced it would not proceed with a takeover offer, citing a failure to agree on terms.
Shares of Portuguese energy firm Galp Energia declined after its second-quarter earnings missed a key profitability forecast, a development compounded by a sharp drop in global crude oil prices.
Shares in the French aerospace and defense firm rose after Deutsche Bank upgraded its rating to 'Buy,' citing improved visibility and better-than-expected first-half financial results.
The operator of Irish Ferries agreed to a €1.2 billion ($1.37 billion) take-private deal led by its senior management, offering shareholders a significant premium and sending its stock soaring.
Exxon Mobil shares fell nearly 3% in pre-market trading after a sharp drop in crude oil prices, triggered by reports of a halt in military strikes between the United States and Iran.
The chipmaker's U.S.-listed shares surged in pre-market trading, fueled by expectations for a record earnings report, a new $950 billion government AI initiative in South Korea, and a broad rally in the tech sector.
Shares of Occidental Petroleum fell sharply as crude oil prices tumbled following a de-escalation in US-Iran military tensions. The company's minimal hedging strategy makes it particularly vulnerable to the drop in oil.
