Markets
PSX

Energy Sector Update for 02/08/2019: PSX, BPL, SSL, XOM, CVX, COP, SLB, OXY

Top Energy Stocks:

XOM: -1.39%

CVX: -0.03%

COP: Flat

SLB: -0.85%

OXY: Flat

Energy stocks were flat to lower in Friday's pre-market trade. West Texas Intermediate crude oil for March delivery was up by $0.25 to $52.89 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude April contract gained $0.63 to $62.26 per barrel and March natural gas futures were 4 cents higher at $2.59 per 1 million BTU.

Stocks moving on news include:

(+) Phillips 66 ( PSX ), which was 4% higher after the company reported Q4 earnings and revenue that topped analysts' expectations. The company said adjusted earnings were $4.87 per share, compared with the prior-year period's $1.07 per share.

(+) Buckeye Partners ( BPL ) was up over 3% as it booked Q4 net income of $3.13 per diluted unit compared with $0.85 per unit in the year-ago period.

(-) Sasol ( SSL ) was declining by more than 5% after saying a chemicals project in Lake Charles, La., could be delayed to as late as August after capital costs rose to as much as $11.8 billion.

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

PSX XOM CVX SSL

Other Topics

Energy

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More