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Sept. 21, 2020, 2:20 p.m. EDT

Energy stocks knocked down by tumbling crude oil, natural gas prices

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By Tomi Kilgore

The energy sector was taking a broad beating, enough to pace all of the S&P 500's /zigman2/quotes/210599714/realtime SPX +1.49% sectors in declines, amid a sharp drop in crude oil and natural gas prices and a selloff in the broader stock market. The SPDR Energy Select Sector ETF /zigman2/quotes/206420077/composite XLE +3.10% slid 4.6%, with all 26 components losing ground. Among the more active components, shares of oil and gas producers Exxon Mobil Corp. /zigman2/quotes/204455864/composite XOM +2.48% dropped 3.7%, Marathon Oil Corp. /zigman2/quotes/205031829/composite MRO +6.59% lost 5.6%, Occidental Petroleum Corp. /zigman2/quotes/207018272/composite OXY +5.86% shed 4.0% and Chevron Corp. /zigman2/quotes/205871374/composite CVX +2.62% declined 4.4%, while the stocks of oil services companies Halliburton Co. /zigman2/quotes/210488727/composite HAL +3.08% tumbled 9.9% and Schlumberger Ltd. /zigman2/quotes/201012972/composite SLB +3.31% sank 8.5%. Crude oil futures /zigman2/quotes/209723049/delayed CL00 +2.65% fell 4.8% to below $40 a barrel, amid expectations that Libyan crude will soon return to the market, and natural gas futures /zigman2/quotes/210189548/delayed NG00 +0.03% plunged 11.3%. Meanwhile, the S&P 500 dropped 2.4%, with all 11 sector tracking ETFs losing ground.

/zigman2/quotes/210599714/realtime
US : S&P US
4,173.85
+61.35 +1.49%
Volume: 1.91B
May 14, 2021 5:02p
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/zigman2/quotes/206420077/composite
US : U.S.: NYSE Arca
$ 53.49
+1.61 +3.10%
Volume: 28.59M
May 14, 2021 4:00p
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/zigman2/quotes/204455864/composite
US : U.S.: NYSE
$ 60.77
+1.47 +2.48%
Volume: 20.74M
May 14, 2021 4:04p
P/E Ratio
N/A
Dividend Yield
5.73%
Market Cap
$251.05 billion
Rev. per Employee
$2.47M
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/zigman2/quotes/205031829/composite
US : U.S.: NYSE
$ 11.80
+0.73 +6.59%
Volume: 19.20M
May 14, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
1.13%
Market Cap
$8.72 billion
Rev. per Employee
$1.85M
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/zigman2/quotes/207018272/composite
US : U.S.: NYSE
$ 25.10
+1.39 +5.86%
Volume: 19.64M
May 14, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.16%
Market Cap
$22.13 billion
Rev. per Employee
$1.45M
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/zigman2/quotes/205871374/composite
US : U.S.: NYSE
$ 109.47
+2.79 +2.62%
Volume: 9.12M
May 14, 2021 4:04p
P/E Ratio
N/A
Dividend Yield
4.90%
Market Cap
$206.19 billion
Rev. per Employee
$1.98M
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/zigman2/quotes/210488727/composite
US : U.S.: NYSE
$ 23.06
+0.69 +3.08%
Volume: 7.66M
May 14, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.78%
Market Cap
$19.90 billion
Rev. per Employee
$361,125
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/zigman2/quotes/201012972/composite
US : U.S.: NYSE
$ 32.81
+1.05 +3.31%
Volume: 11.64M
May 14, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
1.52%
Market Cap
$44.41 billion
Rev. per Employee
$274,430
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/zigman2/quotes/209723049/delayed
US : U.S.: Nymex
$ 65.51
+1.69 +2.65%
Volume: 356,176
May 14, 2021 4:59p
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/zigman2/quotes/210189548/delayed
US : U.S.: Nymex
$ 2.97
+0.0010 +0.03%
Volume: 77,483
May 14, 2021 4:59p
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