Petrochemicals firm SABIC reported a profit in the third quarter of 2024, although it fell short of market expectations. Meanwhile, Diamondback Energy announced its third-quarter earnings, revealing a revenue of $2.65 billion, surpassing the $2.44 billion forecast, but reported earnings per share (EPS) of $3.38, which was below the expected $3.99. Despite missing profit estimates, Diamondback Energy raised its annual production forecast. In a related market development, shares of oil and gas companies experienced an uptick following indications that OPEC+ may delay planned output increases.