Energy Sector Update for 10/23/2018: HLX, RIG, FTI, XOM, CVX, COP, SLB, OXY

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Top Energy Stocks:

XOM: -1.42%

CVX: -1.53%

COP: -2.15%

SLB: -2.13%

OXY: Flat

Energy stocks were falling early Tuesday as the global benchmark Brent crude December contract fell $1.57 to $78.26 per barrel and November natural gas futures gained 2 cents to $3.15 per 1 million BTU. Meanwhile, West Texas Intermediate crude oil for December delivery was down $1.22 to $68.14 per barrel at the New York Mercantile Exchange.

In other sector news:

(+) Helix Energy Solutions Group ( HLX ) was advancing by 1% as it reported Q3 results, with earnings and revenue that rose year-over-year and topped analysts' estimates.

(-) TechnipFMC ( FTI ) was lower by more than 2% after it said it was awarded a contract by an affiliate of ExxonMobil ( XOM ) for the engineering of the subsea system for the proposed Liza Phase 2 project.

(-) Transocean Ltd. ( RIG ) was declining by over 2% as its unit Transocean Inc. priced a previously announced offering of $750 million of senior unsecured notes due 2025.

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: HLX , FTI , XOM , RIG , CVX

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