03:56 PM EDT, 09/30/2025 (MT Newswires) -- Energy stocks fell late Tuesday afternoon, with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) each decreasing 1.3%.

The Philadelphia Oil Service Sector Index declined 1.3%, while the Dow Jones US Utilities Index was up 0.2%.

West Texas Intermediate crude oil fell 1.4% to $62.58 a barrel, and global benchmark Brent dropped 1.4% to $67.02 a barrel. Henry Hub natural gas futures rose 2.1% to $3.34 per 1 million BTU.

In corporate news, TotalEnergies (TTE) shares fell 1.8% after it said Tuesday it has completed the sale of a 50% stake in a 270-megawatt wind and solar portfolio in France to funds managed by Eiffel Investment.

BHP's (BHP) iron ore shipments have been temporarily halted in China after the parties failed to reach an agreement over pricing, Bloomberg reported. BHP shares were down 1.2%.

CenterPoint Energy ( CNP ) shares decreased 1.1%, a day after the company announced a $65 billion, 10-year capital investment plan through 2035.

Exxon Mobil ( XOM ) plans to cut about 2,000 jobs worldwide as it consolidates smaller offices into larger regional hubs, part of a broader project to boost efficiency and streamline operations, Bloomberg reported, citing an internal memo from CEO Darren Woods. Exxon shares were down 1.7%.

Tamboran Resources ( TBN ) shares jumped past 21% after the company said it has agreed to buy Falcon Oil & Gas for about 6.5 million common shares and $23.7 million in cash, valuing the company at about $172 million.