Energy stocks were declining pre-bell Thursday, with the Energy Select Sector SPDR Fund (XLE) down 0.2%.

The United States Oil Fund (USO) was 0.6% lower and the United States Natural Gas Fund (UNG) was up 3%.

Front-month US West Texas Intermediate crude oil was 0.8% lower at $64.47 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 0.6% to $68.03 per barrel. Natural gas futures were up 3.3% at $3.236 per 1 million British Thermal Units.

Transocean (RIG) shares were down nearly 16% after the company said it priced an upsized public offering of 125 million shares at $3.05 per share.

Chevron (CVX) shares nearly 0.1% lower after the company said in a regulatory filing its acquisition of Hess will result in a loss of $200 million to $400 million in Q3.

Woodside Energy (WDS) stock was up nearly 0.1% after the company said it has signed a memorandum of understanding with Japan Suiso Energy and Kansai Electric Power to develop a liquid hydrogen supply chain between Australia and Japan.