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June 20, 2019, 9:41 a.m. EDT

Energy stocks surge, as heightened Middle East tensions fuel oil price rally

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By Tomi Kilgore

Energy stocks traded broadly higher Thursday, as increased tension in the Middle East fueled a surge in oil prices. The SPDR Energy Select Sector ETF /zigman2/quotes/206420077/composite XLE -0.46% jumped 1.8% in morning trading, with all 29 of its equity components trading higher, while the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.07% hiked up 215 points, or 0.8%. Among the more-active members, shares of Halliburton Co. /zigman2/quotes/210488727/composite HAL -2.97% rose 3.0%, Marathon Oil Corp. /zigman2/quotes/205031829/composite MRO -6.32% gained 3.2%, Schlumberger Ltd. /zigman2/quotes/201012972/composite SLB -1.70% tacked on 3.1%, Exxon Mobil Corp. /zigman2/quotes/204455864/composite XOM +0.95% advanced 1.7% and Chevron Corp. /zigman2/quotes/205871374/composite CVX +0.91% added 1.1%. Elsewhere, Chesapeake Energy Corp.'s stock /zigman2/quotes/201364537/composite CHK -2.25% powered up 4.4% on NYSE-leading volume of 6.3 million shares. August crude oil futures rallied 4.5%, after news that Iran's Revolutionary Guard said it shot down a U.S. drone. Also helping boost prices, data out Wednesday showed that U.S. crude supplies fell, and a firmer date for an Organization of the Petroleum Exporting Countries (OPEC) meeting was in place to review pledged production limits.

/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/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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/zigman2/quotes/210488727/composite
US : U.S.: NYSE
$ 11.75
-0.36 -2.97%
Volume: 28.72M
May 29, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
1.53%
Market Cap
$10.62 billion
Rev. per Employee
$399,917
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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
$4.50 billion
Rev. per Employee
$2.46M
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/zigman2/quotes/201012972/composite
US : U.S.: NYSE
$ 18.47
-0.32 -1.70%
Volume: 21.02M
May 29, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
2.71%
Market Cap
$26.08 billion
Rev. per Employee
$328,150
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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
$190.44 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
$169.65 billion
Rev. per Employee
$3.27M
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/zigman2/quotes/201364537/composite
US : U.S.: NYSE
$ 13.01
-0.30 -2.25%
Volume: 925,723
May 29, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$130.21 million
Rev. per Employee
$4.37M
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