Energy Sector Update for 06/25/2019: OXY, XOM, CVX, COP, SLB

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Top Energy Stocks:

XOM: -0.17%

CVX: +0.05%

COP: +0.38%

SLB: -1.03%

OXY: -0.48%

Energy giants were mixed at the market open Tuesday. West Texas Intermediate crude oil for August delivery was down $0.01 at $57.89 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude August contract gained $0.24 to $65.10 per barrel and July natural gas futures were 1 cent lower at $2.29 per 1 million BTU. Among energy-related ETFs, the United States Oil Fund was up 0.58%, while the United States Natural Gas fund was 1.12% lower.

Stocks moving on news include:

(-) Occidental Petroleum ( OXY ), which was down 0.4%, after it said it is looking to sell a majority control of Western Midstream Partners ( WES ), which was up 0.6%, a pipeline operator that the company will own through its takeover of Anadarko Petroleum ( APC ), according to a report by Bloomberg News.

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

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This article appears in: Investing , Energy
Referenced Symbols: OXY , WES , XOM , CVX

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