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Sept. 23, 2022, 9:01 a.m. EDT

Energy stocks suffer broad beating as crude oil futures continue to sink

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By Tomi Kilgore

Shares of oil and gas companies were taking a broad beating ahead of Friday's open, as growing concerns of a coming recession has sent crude oil futures /zigman2/quotes/209723049/delayed CL00 -1.78% sinking toward an eight-month low. The SPDR Energy Select Sector ETF /zigman2/quotes/206420077/composite XLE -0.37% slumped 3.2% in premarket trading, with all 21 components selling off, as crude futures shed 3.4% and while futures /zigman2/quotes/209948968/delayed ES00 +0.03% for the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.03% fell 1.4%. Within energy ETF, the biggest decliners were shares of Marathon Oil Corp. /zigman2/quotes/205031829/composite MRO -0.88% and Devon Energy Corp. /zigman2/quotes/209479244/composite DVN +0.81% , which both fell 4.0%. Among the more-active components, shares of Occidental Petroleum Corp. /zigman2/quotes/207018272/composite OXY -1.18% slid 3.5% and Exxon Mobil Corp. /zigman2/quotes/204455864/composite XOM -0.35% declined 2.9%. The best performer was Williams Companies Inc.'s stock /zigman2/quotes/205467183/composite WMB +0.21% , which gave up 2.3%.

/zigman2/quotes/209723049/delayed
US : U.S.: Nymex
$ 76.55
-1.39 -1.78%
Volume: 250,830
Nov. 25, 2022 1:44p
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/zigman2/quotes/206420077/composite
US : U.S.: NYSE Arca
$ 91.87
-0.34 -0.37%
Volume: 7.59M
Nov. 25, 2022 1:10p
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/zigman2/quotes/209948968/delayed
US : U.S.: CME
$ 4,034.25
+1.25 +0.03%
Volume: 564,882
Nov. 25, 2022 12:14p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,026.12
-1.14 -0.03%
Volume: 0.00
Nov. 25, 2022 2:32p
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/zigman2/quotes/205031829/composite
US : U.S.: NYSE
$ 30.38
-0.27 -0.88%
Volume: 3.35M
Nov. 25, 2022 1:10p
P/E Ratio
5.83
Dividend Yield
1.05%
Market Cap
$19.46 billion
Rev. per Employee
$5.01M
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/zigman2/quotes/209479244/composite
US : U.S.: NYSE
$ 68.35
+0.55 +0.81%
Volume: 3.52M
Nov. 25, 2022 1:10p
P/E Ratio
7.20
Dividend Yield
7.56%
Market Cap
$44.32 billion
Rev. per Employee
$12.84M
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/zigman2/quotes/207018272/composite
US : U.S.: NYSE
$ 70.28
-0.84 -1.18%
Volume: 5.43M
Nov. 25, 2022 1:10p
P/E Ratio
5.86
Dividend Yield
0.74%
Market Cap
$64.64 billion
Rev. per Employee
$3.06M
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/zigman2/quotes/204455864/composite
US : U.S.: NYSE
$ 113.21
-0.40 -0.35%
Volume: 7.14M
Nov. 25, 2022 1:10p
P/E Ratio
9.22
Dividend Yield
3.22%
Market Cap
$467.88 billion
Rev. per Employee
$6.20M
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/zigman2/quotes/205467183/composite
US : U.S.: NYSE
$ 33.90
+0.07 +0.21%
Volume: 2.11M
Nov. 25, 2022 1:10p
P/E Ratio
20.69
Dividend Yield
5.01%
Market Cap
$41.22 billion
Rev. per Employee
$2.35M
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