Cenovus will acquire Athabasca Oil with a cash and stock offer of CAD 12 per share.

October 5 – According to reports, the United States will provide a $4.2 billions loan to Vistra (link) to boost its nuclear power capacity. Following this news, shares of Vistra (VST.N) surged over 6%, closing at $148.48. According to a person familiar with the matter, Energy Secretary Chris Wright is expected to announce this loan on Monday at Vistra's nuclear power plant on the shores of Lake Erie in Ohio. Electricity demand in the U.S. has grown for the first time in decades, driven by artificial intelligence data centers, electrification of transportation, and cryptocurrency mining. President Donald Trump has set a goal to quadruple America's nuclear power generation capacity by 2050. This news was first reported by Bloomberg. Among 21 brokerages covering the stock, 20 rate it at “buy” or higher, with one “hold”; the median target price is $208.50, according to data compiled by LSEG. As of the previous trading session's close, the stock had fallen 13.21% year to date. (For the convenience of non-English speakers, Reuters automatically translates its reports into several languages. Automated translations may be inaccurate or lack context and are provided for reader convenience only. Reuters does not guarantee the accuracy of translated texts and accepts no liability for any damages or losses arising from use of automated translation.)

The CEO of BP (BP.US) declined to disclose when stock buybacks will resume.

BP CEO: The company will continue to use additional profits to pay down debt and will not increase spending.

BP's CEO stated that it is too early to consider any major expansion moves beyond growth within the existing business portfolio until the balance sheet restoration is complete.