Sector Update: Energy Up Despite Dip in Oil Price

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Dow Jones U.S. Oil & Gas Index: 439.00 Monday regular session close

NYMEX Benchmark Crude: -0.20 (-0.28%) to 71.92

Top Energy Stocks

XOM: +0.56%

CVX: +0.41%

SLB: +1.05%

OXY: +0.30%

COP: +0.82%

Energy shares are up before the bell, even though oil prices are slipping as equities markets worldwide remain sluggish. A senior executive at ConocoPhillips ( COP ) told Reuters that the company is interested in bolstering its upstream operations in Malaysia. FuelCell Energy ( FCEL ) reported its loss narrowing in the second quarter, with net loss reaching $16.7 million, or 20 cents a share, compared with $19.9 million loss, or 29 cents a share, a year ago. SunPower ( SPWRA ) will build a 9.1-megawatt solar power plant in Spain for the Naturener Group from this month. BP ( BP ) continues to face the wrath of President Obama, who said he would have sacked its CEO Tony Hayward by now if he were Hayward's boss.



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This article appears in: Investing , Commodities

Referenced Stocks: BP , COP , FCEL , SPWRA

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