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Energy Sector Update for 01/16/2019: EPD, EQNR, PBR, XOM, CVX, COP, SLB, OXY


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Top Energy Stocks:

XOM: Flat

CVX: -0.55%

COP: Flat

SLB: +0.31%

OXY: Flat

Energy stocks were mostly flat in Wednesday's pre-bell trade. West Texas Intermediate crude oil for February delivery was down by $0.23 to $51.88 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude March contract lost $0.01 to $60.63 per barrel and February natural gas futures were 18 cents higher at $3.68 per 1 million BTU.

In other sector news:

(+) Enterprise Products Partners ( EPD ) was over 2% higher after its board has approved a quarterly distribution of $0.435 per common unit, a 0.6% increase from the third quarter distribution of $0.4325 per unit and a 2.4% increase over the distribution approved in the fourth quarter of 2017.

(-) Equinor ( EQNR ) was down more than 1% after saying it has discovered gas and condensate at the Norwegian Sea Ragnfrid North exploration well, which has estimated recoverable resources of 6 to 25 million barrels of oil equivalent.

(-) Petrobras ( PBR ) was over 1% lower as it said it produced 2.5 million barrels of oil equivalent per day (boe/d) in 2018 at its Brazil operations, an increase from the 2.2 million boe/d recorded in 2017.

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.





This article appears in: Investing , Energy
Referenced Symbols: EPD , EQNR , PBR , XOM , CVX



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