Sector Update: Energy Shares Down; Crude Futures Near Flatline

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NYMEX Benchmark Crude June: (-0.01%) to $112.75

Top Energy Stocks

XOM: -0.5%

CVX: -0.3%

COP: -2.8%

SLB: -0.2%

OXY: +1.3%

Energy shares are trending lower as crude oil futures move into the red, but they are still trading at more than $112 a barrel.

Light, sweet crude for June delivery down 0.01% to $112.75 a barrel. In other energy futures, heating oil is up 0.23% to $3.24 a gallon while natural gas is up 3.79% to $4.57 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 0.69% to $44.71. The United States Natural Gas ETF ( UNG ) is up 3.87% to $11.82.

In mid-day news, Hercules Offshore ( HERO ) says Q1 net loss was $0.12 per diluted share, on revenue of $166.2 million. The Thomson Reuters mean was for a $0.13 loss on sales of $164.40 million.

Hercules shares are up 2.8%.

Also, Exxon Mobil ( XOM ) is reporting Q1 EPS of $2.14 compared to $1.33 a year earlier and topping the Thomson Reuters mean analyst estimate for $2.07, according to reports.

Revenue of $114 billion is up from $90 billion. The Street expected $114.9 billion.

Exxon Mobil shares are down 0.5%.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: HERO , UNG , USO , XOM

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