With Energy (XLE) up 2.2%, this looks like a sector-led move rather than a company-specific surprise.
The energy sector is experiencing a significant rally driven by a sharp increase in crude oil prices. Global benchmarks are rising due to escalating geopolitical tensions in the Middle East, specifically an increase in attacks on shipping and tankers in the Strait of Hormuz, which is stoking fears of a major supply disruption. This rally is further supported by falling domestic crude inventories and the threat of a tropical storm in the Gulf of Mexico, which could impact production.