War-Caused Oil Price Spikes Don’t Help the U.S. Economy
Published . Updated .
This report is about Defense and Energy. Names like LMT and RTX typically gain because defense contractors get more work when conflict spending rises.
Directly affected
- RTX Rtx-0.4%
Named in this report.
Indirectly affected
- LMT Lockheed Martin+11.5%
Defense contractors get more work when conflict spending rises
- NOC Northrop Grumman+5.3%
Defense contractors get more work when conflict spending rises
- GD General Dynamics-1.7%
Defense contractors get more work when conflict spending rises
- XOM Exxon Mobil+7.9%
Oil producers earn more when crude prices rise
- CVX Chevron+5.9%
Oil producers earn more when crude prices rise
- ITA iShares U.S. Aerospace & Defense-6.7%
A fund of aerospace and defense companies
- BA Boeing-10.9%
Defense and aerospace orders move with conflict spending
- LHX L3Harris+2.1%
Defense contractors get more work when conflict spending rises
- HII Huntington Ingalls
Shipyards benefit when naval spending rises
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| RTX | -3.75% | -3.88% | base | -0.96% | -0.32% | -1.20% | +0.34% |
| LMT | -7.26% | -5.46% | base | -0.70% | -0.63% | -0.05% | +6.87% |
| NOC | -6.73% | -4.68% | base | -1.82% | +2.72% | +3.79% | +6.22% |
| GD | -2.62% | -2.77% | base | -0.81% | +0.05% | +0.21% | +1.92% |
| XOM | -3.82% | -1.14% | base | -0.44% | -0.63% | -0.52% | -0.46% |
| CVX | -4.43% | -1.29% | base | -0.22% | +0.30% | +0.79% | +0.71% |
| ITA | -1.45% | -2.33% | base | -0.71% | -1.48% | -1.64% | -2.25% |
| BA | -0.30% | -2.89% | base | +0.68% | +0.13% | +1.16% | -1.34% |
| LHX | -4.14% | -4.40% | base | -1.84% | +0.12% | -0.28% | +2.31% |
| HII | -2.79% | -2.64% | base | -0.77% | +0.22% | +0.93% | +2.69% |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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War-Caused Oil Price Spikes Don’t Help the U.S. Economy Competitive Enterprise Institute
Source: Competitive Enterprise Institute
Energy
| Company | When | Move | Status |
|---|---|---|---|
| BA | that day | +0.68% | final price |
| BA | the next day | +0.13% | final price |
| BA | two days later | +1.16% | final price |
| BA | three days later | -1.34% | final price |
| BA | three days earlier | -2.89% | final price |
| BA | five days earlier | -0.30% | final price |
| CVX | that day | -0.22% | final price |
| CVX | the next day | +0.30% | final price |
| CVX | two days later | +0.79% | final price |
| CVX | three days later | +0.71% | final price |
| CVX | three days earlier | -1.29% | final price |
| CVX | five days earlier | -4.43% | final price |
| GD | that day | -0.81% | final price |
| GD | the next day | +0.05% | final price |
| GD | two days later | +0.21% | final price |
| GD | three days later | +1.92% | final price |
| GD | three days earlier | -2.77% | final price |
| GD | five days earlier | -2.62% | final price |
| HII | that day | -0.77% | final price |
| HII | the next day | +0.22% | final price |
| HII | two days later | +0.93% | final price |
| HII | three days later | +2.69% | final price |
| HII | three days earlier | -2.64% | final price |
| HII | five days earlier | -2.79% | final price |
| ITA | that day | -0.71% | final price |
| ITA | the next day | -1.48% | final price |
| ITA | two days later | -1.64% | final price |
| ITA | three days later | -2.25% | final price |
| ITA | three days earlier | -2.33% | final price |
| ITA | five days earlier | -1.45% | final price |
| LHX | that day | -1.84% | final price |
| LHX | the next day | +0.12% | final price |
| LHX | two days later | -0.28% | final price |
| LHX | three days later | +2.31% | final price |
| LHX | three days earlier | -4.40% | final price |
| LHX | five days earlier | -4.14% | final price |
| LMT | that day | -0.70% | final price |
| LMT | the next day | -0.63% | final price |
| LMT | two days later | -0.05% | final price |
| LMT | three days later | +6.87% | final price |
| LMT | three days earlier | -5.46% | final price |
| LMT | five days earlier | -7.26% | final price |
| NOC | that day | -1.82% | final price |
| NOC | the next day | +2.72% | final price |
| NOC | two days later | +3.79% | final price |
| NOC | three days later | +6.22% | final price |
| NOC | three days earlier | -4.68% | final price |
| NOC | five days earlier | -6.73% | final price |
| RTX | that day | -0.96% | final price |
| RTX | the next day | -0.32% | final price |
| RTX | two days later | -1.20% | final price |
| RTX | three days later | +0.34% | final price |
| RTX | three days earlier | -3.88% | final price |
| RTX | five days earlier | -3.75% | final price |
| XOM | that day | -0.44% | final price |
| XOM | the next day | -0.63% | final price |
| XOM | two days later | -0.52% | final price |
| XOM | three days later | -0.46% | final price |
| XOM | three days earlier | -1.14% | final price |
| XOM | five days earlier | -3.82% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Kevin Hern sold Lockheed Martin (LMT) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 23 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Kevin Hern sold Lockheed Martin (LMT) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 23 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Kevin Hern sold Lockheed Martin (LMT) (jointly held), worth $15,001 - $50,000 on 17 Sep 2026. That is 29 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 46 days before publication. Filed 25 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, bought ExxonMobil Holdings (XOM), worth $250,001 - $500,000 on 31 Jul 2026. That is 77 days before publication. Filed 22 Sep 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 23 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 44 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold Chevron (CVX), worth $15,001 - $50,000 on 31 Jul 2026. That is 77 days before publication. Filed 22 Sep 2026. View the filing.
- Rep. Maria Elvira Salazar sold Boeing (BA), worth $1,001 - $15,000 on 24 Sep 2026. That is 22 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Kevin Hern sold Boeing (BA) (jointly held), worth $15,001 - $50,000 on 13 Aug 2026. That is 64 days before publication. Filed 1 Sep 2026. View the filing.
- Rep. Kevin Hern sold Boeing (BA) (jointly held), worth $1,001 - $15,000 on 13 Aug 2026. That is 64 days before publication. Filed 1 Sep 2026. View the filing.
- Rep. Richard Dean McCormick sold L3Harris Technologies (LHX), worth $1,001 - $15,000 on 30 Jul 2026. That is 78 days before publication. Filed 14 Aug 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
How solid the energy case looks
12 out of 100
“War-Caused Oil Price Spikes Don’t Help the U.S. Economy” scores 12 out of 100. The score uses 1 sources.