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Oct. 5, 2021, 2:11 p.m. EDT

Energy stocks enjoy broad rally as natural gas futures spike to 13-year high

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By Tomi Kilgore

Energy stocks enjoyed a broad rally Tuesday, fueled by the surge in natural gas and crude oil futures to multi-year highs. The rally in energy futures follows the decision on Monday by the Organization of the Petroleum Exporting Countries (OPEC) and its allies not to accelerate its plan to relax production cuts. Among some of the more active oil and natural gas producers, shares of Marathon Oil Corp. /zigman2/quotes/205031829/composite MRO +1.79% shot up 3.1% toward the highest close since May 2019, Occidental Petroleum Corp. /zigman2/quotes/207018272/composite OXY +1.38% climbed 2.6% toward a 3-month high and Devon Energy Corp. /zigman2/quotes/209479244/composite DVN +0.69% hiked up 2.3% toward the highest close since October 2018. Meanwhile, crude oil futures /zigman2/quotes/209723049/delayed CL00 -0.87% jumped 2.0% toward the highest close since October 2014 and natural gas futures /zigman2/quotes/210189548/delayed NG00 +0.23% powered up 9.4% toward the highest close since December 2008. Among other energy companies, shares of Exxon Mobil Corp. /zigman2/quotes/204455864/composite XOM +1.61% slipped 0.1% and Chevron Corp. /zigman2/quotes/205871374/composite CVX +2.22% rose 1.4%.

/zigman2/quotes/205031829/composite
US : U.S.: NYSE
$ 15.39
+0.27 +1.79%
Volume: 5.44M
Dec. 2, 2021 10:34a
P/E Ratio
N/A
Dividend Yield
1.18%
Market Cap
$11.77 billion
Rev. per Employee
$1.85M
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/zigman2/quotes/207018272/composite
US : U.S.: NYSE
$ 29.35
+0.40 +1.38%
Volume: 5.53M
Dec. 2, 2021 10:34a
P/E Ratio
N/A
Dividend Yield
0.14%
Market Cap
$27.04 billion
Rev. per Employee
$1.45M
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/zigman2/quotes/209479244/composite
US : U.S.: NYSE
$ 41.12
+0.28 +0.69%
Volume: 4.49M
Dec. 2, 2021 10:34a
P/E Ratio
24.17
Dividend Yield
4.88%
Market Cap
$27.65 billion
Rev. per Employee
$3.34M
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/zigman2/quotes/209723049/delayed
US : U.S.: Nymex
$ 65.00
-0.57 -0.87%
Volume: 385,713
Dec. 2, 2021 10:24a
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/zigman2/quotes/210189548/delayed
US : U.S.: Nymex
$ 4.27
+0.01 +0.23%
Volume: 47,317
Dec. 2, 2021 10:24a
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/zigman2/quotes/204455864/composite
US : U.S.: NYSE
$ 60.75
+0.96 +1.61%
Volume: 6.81M
Dec. 2, 2021 10:34a
P/E Ratio
N/A
Dividend Yield
5.81%
Market Cap
$253.12 billion
Rev. per Employee
$2.47M
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/zigman2/quotes/205871374/composite
US : U.S.: NYSE
$ 114.59
+2.49 +2.22%
Volume: 2.52M
Dec. 2, 2021 10:34a
P/E Ratio
22.16
Dividend Yield
4.69%
Market Cap
$216.09 billion
Rev. per Employee
$1.98M
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