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March 10, 2020, 6:48 a.m. EDT

Energy stocks soar, led by Occidental Petroleum's 31% rally as crude oil prices bounce

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By Tomi Kilgore

Energy stocks enjoyed a broad and sharp bounce in premarket trading Tuesday, as crude oil futures /zigman2/quotes/209723049/delayed CL00 -0.48% rallied 9.2% after the previous session's 24.6% drubbing. The SPDR Energy Select Sector ETF /zigman2/quotes/206420077/composite XLE -0.46% shot up 8.9% ahead of the open after tumbling 21.1% on Monday. Among the biggest early gainers, shares of Occidental Petroleum Corp. /zigman2/quotes/207018272/composite OXY -5.06% rocketed 30.7%, Apache Corp. /zigman2/quotes/200648444/composite APA -9.10% hiked up 21.3% and Marathon Oil Corp. /zigman2/quotes/205031829/composite MRO -6.32% soared 19.8%. Elsewhere, shares of Exxon Mobil Corp. /zigman2/quotes/204455864/composite XOM +0.95% jumped 9.3% and Chevron Corp. /zigman2/quotes/205871374/composite CVX +0.91% climbed 6.6%. The bounce in energy stocks comes as futures for the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.07% rallied 1,035 points, or 4.3%, after the Dow plunged 2,014 points on Monday.

/zigman2/quotes/209723049/delayed
US : U.S.: Nymex
$ 35.32
-0.17 -0.48%
Volume: 420,891
May 29, 2020 4:59p
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/zigman2/quotes/206420077/composite
US : U.S.: NYSE Arca
$ 38.76
-0.18 -0.46%
Volume: 35.75M
May 29, 2020 4:00p
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/zigman2/quotes/207018272/composite
US : U.S.: NYSE
$ 12.95
-0.69 -5.06%
Volume: 61.38M
May 29, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
3.40%
Market Cap
$11.66 billion
Rev. per Employee
$1.60M
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/zigman2/quotes/200648444/composite
US : U.S.: NYSE
$ 10.79
-1.08 -9.10%
Volume: 47.94M
May 29, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.93%
Market Cap
$4.07 billion
Rev. per Employee
$2.15M
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/zigman2/quotes/205031829/composite
US : U.S.: NYSE
$ 5.34
-0.36 -6.32%
Volume: 107.58M
May 29, 2020 4:00p
P/E Ratio
16.67
Dividend Yield
0.00%
Market Cap
$4.22 billion
Rev. per Employee
$2.46M
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/zigman2/quotes/204455864/composite
US : U.S.: NYSE
$ 45.47
+0.43 +0.95%
Volume: 25.89M
May 29, 2020 4:00p
P/E Ratio
17.08
Dividend Yield
7.65%
Market Cap
$192.26 billion
Rev. per Employee
$3.93M
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/zigman2/quotes/205871374/composite
US : U.S.: NYSE
$ 91.70
+0.83 +0.91%
Volume: 17.02M
May 29, 2020 4:00p
P/E Ratio
45.32
Dividend Yield
5.63%
Market Cap
$171.20 billion
Rev. per Employee
$3.27M
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
25,383.11
-17.53 -0.07%
Volume: 545.14M
May 29, 2020 5:14p
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