NYMEX Benchmark Crude June: (-2.2%) to $111.05
Top Energy Stocks
XOM: -1.9%
CVX: -2.4%
COP: -4.6%
SLB: -2.9%
OXY: -4.4%
Energy shares are down in late trading as crude oil futures fell
to close below $112 a barrel at the New York Mercantile
Exchange.
Light, sweet crude oil for June delivery finished down 2.2% to
$111.05 a barrel. In other energy futures, heating oil was down
0.73% to $3.25 a gallon while natural gas was down 0.04% to at
$4.69 per million British thermal units.
In energy ETFs, the United States Oil Fund (
USO
) is down 1.96% to $44.07. The United States Natural Gas ETF (
UNG
) is down 0.5% to $12.05.
In late-session energy news, Anadarko Petroleum (
APC
) shares are down as MarketWatch reported that the petroleum
company said it sold a 10% share in Block SL-07B-10 offshore
Liberia and Sierra Leone to Japan's Mitsubishi.
Anadarko remains as the operator. It had a 65% interest in the
block, the report said.
Anadarko shares are down 2.94%, or $2.36, to $77.99.
Meanwhile, Marathon Oil (
MRO
) shares stayed firmly lower into the late session after it
reported its first quarter results, posting net income of $1.18
billion, adjusted for special items, or $1.65 per diluted share,
compared with $315 million, or $0.44 per diluted share, for the
prior-year period. This is $0.21 better than the Thomson Reuters
consensus of $1.44.
The company expects second quarter Exploration & Production
available for sale will be between 340,000 and 360,000 boepd,
excluding the effect of any future acquisitions or dispositions.
Anticipated full-year Exploration & Production available for
sale is between 345,000 and 365,000 boepd. All estimates exclude
Libya.
Marathon shares are down 2.6% to $52.10.
