xom

Energy Sector Update for 04/25/2017: VLO, XOM, CVX, COP, SLB, OXY

Top Energy Stocks

XOM: +0.2%

CVX: +0.1%

COP: flat

SLB: +0.2

OXY: flat

Energy shares were mostly firmer in pre-market trade on Tuesday, even as crude oil futures slipped below $50 a barrel, due to signs of robust US production in the coming months.

Light, sweet crude oil for June delivery was up 0.1% at $49.30 per barrel. In other energy futures, heating oil was up 0.1% at $1.55 per gallon while natural gas was 0.03% lower at $3.16 British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was flat at $10.25 while the United States Natural Gas ETF ( UNG ) was down 0.3% at $7.30.

In other energy news, Valero Energy ( VLO ) reported Tuesday Q1 adjusted net profit of $0.68 per share, compared to $0.60 per share in the prior year period. Capital IQ provided a Street estimate of $0.60 earnings per share. Operating revenues were $21.77 billion, up from $15.71 billion reported for the same period last year. The Street estimate was for revenues of $19.15 billion.

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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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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