Markets

Energy Sector Update for 01/31/2019: VLO, BHGE, RDS.A, RDS.B, XOM, CVX, COP, SLB, OXY

Top Energy Stocks:

XOM: +0.43%

CVX: +0.48%

COP: +1.57%

SLB: +0.51%

OXY: Flat

Energy stocks were advancing pre-bell Thursday. West Texas Intermediate crude oil for March delivery was up by $0.38 to $54.61 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude March contract gained $0.42 to $62.07 per barrel and March natural gas futures were 2 cents higher at $2.88 per 1 million BTU.

Stocks moving on news include:

(+) Valero Energy ( VLO ), which was up more than 5% after booking Q4 adjusted earnings per diluted share of $2.12, up from $1.16 a year ago. That result easily beat the Capital IQ consensus forecast of $1.11.

(+) Baker Hughes ( BHGE ) was trading more than 4% higher as i t report ed Q4 adjusted earnings per share of $0.26, up from $0.15 during the year-ago quarter. That just missed the Capital IQ consensus forecast of $0.27.

(+) Royal Dutch Shell (RDS.A, RDS.B) was rising by more than 3% after the company released financial results for Q4, with better-than-expected earnings and revenue; it also announced the third tranche of its share buyback program as well as its Q4 interim dividend.

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.


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

In This Story

RDS.B RDS.A XOM VLO BHGE

Other Topics

Energy