Bulletin
Investor Alert

Market Pulse Archives

Jan. 3, 2020, 7:25 a.m. EST

Energy stocks surge, as crude oil prices spike on Middle East tensions

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Energy Select Sector SPDR ETF (XLE)
  • X
    Noble Energy Inc. (NBL)
  • X
    Exxon Mobil Corp. (XOM)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Shares of energy company's were broadly higher in premarket trading Friday, as crude oil prices soared in reaction to the U.S. airstrike that killed an Iraqi militia's deputy commander. The SPDR Energy Select Sector ETF /zigman2/quotes/206420077/composite XLE -0.09% climbed 1.4% in premarket trading, with 26 of 28 equity components trading higher. Among the ETF's more active components, shares of Noble Energy Inc. /zigman2/quotes/210375673/composite NBL +4.70% rose 0.8%, Exxon Mobil Corp. /zigman2/quotes/204455864/composite XOM +3.25% gained 1.4%, Occidental Petroleum Corp. /zigman2/quotes/207018272/composite OXY +2.92% hiked up 3.0%, Schlumberger Ltd. /zigman2/quotes/201012972/composite SLB +0.93% advanced 1.8%, Halliburton Co. /zigman2/quotes/210488727/composite HAL -2.47% rose 1.9%, Marathon Oil Corp. /zigman2/quotes/205031829/composite MRO +4.41% rallied 3.4% and Chevron Corp. /zigman2/quotes/205871374/composite CVX -0.84% tacked on 1.2%. Although not an ETF components, Chesapeake Energy Corp.'s stock /zigman2/quotes/201364537/composite CHK +5.73% shot up 5.8% in active trading. The rally bucked the reaction in the broader stock market, as S&P 500 /zigman2/quotes/210599714/realtime SPX -0.82% futures /zigman2/quotes/209950257/delayed ESM20 +0.99% sank 1.2%. Meanwhile, crude oil futures /zigman2/quotes/209723049/delayed CL00 -3.89% shot up 3.9%, and the intraday high of $64.09 was the highest price seen since April 30.

/zigman2/quotes/206420077/composite
US : U.S.: NYSE Arca
$ 45.27
-0.04 -0.09%
Volume: 68.76M
Feb. 28, 2020 8:00p
loading...
/zigman2/quotes/210375673/composite
US : U.S.: Nasdaq
$ 15.83
+0.71 +4.70%
Volume: 12.73M
Feb. 28, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
3.03%
Market Cap
$7.57 billion
Rev. per Employee
$1.91M
loading...
/zigman2/quotes/204455864/composite
US : U.S.: NYSE
$ 51.44
+1.62 +3.25%
Volume: 62.47M
Feb. 28, 2020 6:30p
P/E Ratio
15.33
Dividend Yield
6.77%
Market Cap
$217.80 billion
Rev. per Employee
$3.93M
loading...
/zigman2/quotes/207018272/composite
US : U.S.: NYSE
$ 32.74
+0.93 +2.92%
Volume: 24.19M
Feb. 28, 2020 6:30p
P/E Ratio
N/A
Dividend Yield
9.65%
Market Cap
$29.25 billion
Rev. per Employee
$1.60M
loading...
/zigman2/quotes/201012972/composite
US : U.S.: NYSE
$ 27.09
+0.25 +0.93%
Volume: 26.83M
Feb. 28, 2020 6:30p
P/E Ratio
N/A
Dividend Yield
7.38%
Market Cap
$37.61 billion
Rev. per Employee
$328,150
loading...
/zigman2/quotes/210488727/composite
US : U.S.: NYSE
$ 16.96
-0.43 -2.47%
Volume: 27.30M
Feb. 28, 2020 6:30p
P/E Ratio
N/A
Dividend Yield
4.25%
Market Cap
$14.92 billion
Rev. per Employee
$399,917
loading...
/zigman2/quotes/205031829/composite
US : U.S.: NYSE
$ 8.28
+0.35 +4.41%
Volume: 32.56M
Feb. 28, 2020 6:30p
P/E Ratio
14.02
Dividend Yield
2.42%
Market Cap
$6.59 billion
Rev. per Employee
$2.46M
loading...
/zigman2/quotes/205871374/composite
US : U.S.: NYSE
$ 93.34
-0.79 -0.84%
Volume: 20.84M
Feb. 28, 2020 6:30p
P/E Ratio
62.74
Dividend Yield
5.53%
Market Cap
$175.42 billion
Rev. per Employee
$3.27M
loading...
/zigman2/quotes/201364537/composite
US : U.S.: NYSE
$ 0.28
+0.01 +5.73%
Volume: 215.74M
Feb. 28, 2020 6:30p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$537.39 million
Rev. per Employee
$4.37M
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
2,954.22
-24.54 -0.82%
Volume: 5.14B
Feb. 28, 2020 5:06p
loading...
/zigman2/quotes/209950257/delayed
US : U.S.: CME
$ 2,983.00
+29.30 +0.99%
Volume: 73,347
Feb. 28, 2020 3:59p
loading...
/zigman2/quotes/209723049/delayed
US : U.S.: Nymex
$ 45.26
-1.83 -3.89%
Volume: 1.06M
Feb. 28, 2020 4:59p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.