Top Energy Stocks
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 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.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.