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Aug. 15, 2022, 9:41 a.m. EDT

Energy stocks suffer broad selloff as crude oil prices drop toward 7-month low

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By Tomi Kilgore

Shares of energy companies took a broad beating Monday, as crude oil futures sank toward seven-month lows amid demand concerns as China's economy slows. The SPDR Energy Select Sector ETF /zigman2/quotes/206420077/composite XLE -1.81% dropped 4.2% in morning trading, with all 21 equity components losing ground, after closing Friday at a two-month high. The component losses ranged from Kinder Morgan Inc.'s /zigman2/quotes/208455654/composite KMI -1.29% 2.6% decline to Halliburton Co.'s /zigman2/quotes/210488727/composite HAL -4.50% 5.6% fall. Elsewhere, shares of Chevron Corp. /zigman2/quotes/205871374/composite CVX -2.57% slid 3.6% to pace the Dow Jones Industrial Average's /zigman2/quotes/210598065/realtime DJIA -0.27% decliners. Among the other more-active components, shares of Exxon Mobil Corp. /zigman2/quotes/204455864/composite XOM -0.58% shed 4.2%, Occidental Petroleum Corp. /zigman2/quotes/207018272/composite OXY -1.09% slumped 4.5%, Devon Energy Corp. /zigman2/quotes/209479244/composite DVN -3.17% gave up 5.1% and Marathon Oil Corp. /zigman2/quotes/205031829/composite MRO -1.47% declined 5.4%. Meanwhile, continuous crude oil futures /zigman2/quotes/209723049/delayed CL00 +0.25% were down 5.3% toward the lowest settlement since Jan. 28, and the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.09% lost 0.4%.

/zigman2/quotes/206420077/composite
US : U.S.: NYSE Arca
$ 83.21
-1.54 -1.81%
Volume: 19.11M
Dec. 9, 2022 3:23p
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/zigman2/quotes/208455654/composite
US : U.S.: NYSE
$ 17.54
-0.23 -1.29%
Volume: 13.56M
Dec. 9, 2022 3:23p
P/E Ratio
15.88
Dividend Yield
6.33%
Market Cap
$39.94 billion
Rev. per Employee
$1.89M
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/zigman2/quotes/210488727/composite
US : U.S.: NYSE
$ 33.30
-1.57 -4.50%
Volume: 8.94M
Dec. 9, 2022 3:23p
P/E Ratio
17.26
Dividend Yield
1.44%
Market Cap
$31.66 billion
Rev. per Employee
$474,800
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/zigman2/quotes/205871374/composite
US : U.S.: NYSE
$ 169.08
-4.46 -2.57%
Volume: 7.35M
Dec. 9, 2022 3:23p
P/E Ratio
9.63
Dividend Yield
3.36%
Market Cap
$335.56 billion
Rev. per Employee
$5.36M
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
33,688.89
-92.59 -0.27%
Volume: 0.00
Dec. 9, 2022 3:23p
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/zigman2/quotes/204455864/composite
US : U.S.: NYSE
$ 103.82
-0.61 -0.58%
Volume: 14.48M
Dec. 9, 2022 3:23p
P/E Ratio
8.47
Dividend Yield
3.50%
Market Cap
$430.03 billion
Rev. per Employee
$6.20M
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/zigman2/quotes/207018272/composite
US : U.S.: NYSE
$ 62.89
-0.69 -1.09%
Volume: 9.34M
Dec. 9, 2022 3:23p
P/E Ratio
5.25
Dividend Yield
0.82%
Market Cap
$57.91 billion
Rev. per Employee
$3.06M
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/zigman2/quotes/209479244/composite
US : U.S.: NYSE
$ 60.18
-1.97 -3.17%
Volume: 10.21M
Dec. 9, 2022 3:23p
P/E Ratio
6.34
Dividend Yield
8.59%
Market Cap
$41.51 billion
Rev. per Employee
$12.84M
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/zigman2/quotes/205031829/composite
US : U.S.: NYSE
$ 26.45
-0.40 -1.47%
Volume: 7.54M
Dec. 9, 2022 3:23p
P/E Ratio
5.08
Dividend Yield
1.21%
Market Cap
$17.05 billion
Rev. per Employee
$5.01M
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/zigman2/quotes/209723049/delayed
US : U.S.: Nymex
$ 71.64
+0.18 +0.25%
Volume: 317,147
Dec. 9, 2022 3:13p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,959.89
-3.62 -0.09%
Volume: 0.00
Dec. 9, 2022 3:23p
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