Why These Energy Stocks are Losing This Week

2. Civitas Resources, Inc. (NYSE:CIVI)

Share Price Decline Between Oct 3 – Oct 10: -15.46%

Civitas Resources, Inc. (NYSE:CIVI) is an oil and gas exploration and production company with assets in Colorado and Texas.

Civitas Resources, Inc. (NYSE:CIVI) plummeted following the recent escalation in the trade war between the United States and China, with the latter putting curbs on the export of its rare-earth minerals and the White House responding with threats of aggressive tariffs on Chinese imports. The tensions have naturally led to a drop in global crude oil prices, with WTI crude tumbling below the critical $60 per barrel mark for the first time since May.

As we have highlighted in the case of SM Energy, a recent report from Bloomberg has indicated that Civitas Resources is considering a merger with fellow Permian producer SM Energy. Once combined, the new company would be worth around $14 billion in enterprise value, making it one of the biggest deals of the year in the oil and gas sector.

Following the recent downturn, the share price of Civitas Resources, Inc. (NYSE:CIVI) has fallen by over 38% since the beginning of 2025. The company has been selling assets, including a package of lower-margin assets in the Denver-Jules, to reduce its debt load.