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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 +0.41% 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 +0.89% hiked up 215 points, or 0.8%. Among the more-active members, shares of Halliburton Co. /zigman2/quotes/210488727/composite HAL -0.32% rose 3.0%, Marathon Oil Corp. /zigman2/quotes/205031829/composite MRO +0.51% gained 3.2%, Schlumberger Ltd. /zigman2/quotes/201012972/composite SLB +0.74% tacked on 3.1%, Exxon Mobil Corp. /zigman2/quotes/204455864/composite XOM +0.35% advanced 1.7% and Chevron Corp. /zigman2/quotes/205871374/composite CVX +0.11% added 1.1%. Elsewhere, Chesapeake Energy Corp.'s stock /zigman2/quotes/201364537/composite CHK 0.00% 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
$ 58.10
+0.24 +0.41%
Volume: 11.27M
Oct. 15, 2019 4:10p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,024.80
+237.44 +0.89%
Volume: 247.48M
Oct. 15, 2019 5:00p
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/zigman2/quotes/210488727/composite
US : U.S.: NYSE
$ 18.70
-0.06 -0.32%
Volume: 11.17M
Oct. 15, 2019 4:10p
P/E Ratio
12.30
Dividend Yield
3.85%
Market Cap
$16.43 billion
Rev. per Employee
$399,917
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/zigman2/quotes/205031829/composite
US : U.S.: NYSE
$ 11.84
+0.06 +0.51%
Volume: 11.03M
Oct. 15, 2019 4:10p
P/E Ratio
10.04
Dividend Yield
1.69%
Market Cap
$9.47 billion
Rev. per Employee
$2.46M
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/zigman2/quotes/201012972/composite
US : U.S.: NYSE
$ 32.81
+0.24 +0.74%
Volume: 8.98M
Oct. 15, 2019 4:10p
P/E Ratio
21.87
Dividend Yield
6.10%
Market Cap
$45.04 billion
Rev. per Employee
$328,150
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/zigman2/quotes/204455864/composite
US : U.S.: NYSE
$ 69.42
+0.24 +0.35%
Volume: 6.65M
Oct. 15, 2019 4:10p
P/E Ratio
16.73
Dividend Yield
5.01%
Market Cap
$292.71 billion
Rev. per Employee
$3.93M
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/zigman2/quotes/205871374/composite
US : U.S.: NYSE
$ 116.31
+0.13 +0.11%
Volume: 3.74M
Oct. 15, 2019 4:10p
P/E Ratio
15.06
Dividend Yield
4.09%
Market Cap
$220.56 billion
Rev. per Employee
$3.27M
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/zigman2/quotes/201364537/composite
US : U.S.: NYSE
$ 1.34
0.00 0.00%
Volume: 51.32M
Oct. 15, 2019 4:10p
P/E Ratio
2.58
Dividend Yield
N/A
Market Cap
$2.18 billion
Rev. per Employee
$4.37M
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