Markets

Energy Sector Update for 11/01/2018: NFX, MPC, RDS.A, RDS.B, XOM, CVX, COP, SLB, OXY

Top Energy Stocks:

XOM: +0.38%

CVX: +0.05%

COP: Flat

SLB: +0.45%

OXY: Flat

Energy stocks were rising slightly in pre-market trading Thursday. The global benchmark Brent crude January contract fell $0.47 to $74.57 per barrel and December natural gas futures gained 3 cents to $3.29 per 1 million BTU. West Texas Intermediate crude oil for December delivery, meanwhile, was down $0.32 to $64.99 per barrel at the New York Mercantile Exchange.

Early movers include:

(+) Newfield Exploration ( NFX ), which was over 12% higher after the company said Q3 net EPS was $1.11, above the Capital IQ mean for $0.85.

(-) Marathon Petroleum ( MPC ) was down over 2% after it reported Q3 diluted EPS of $1.62, declining from the $1.77 booked a year ago and below the $1.70 Capital IQ mean.

In other sector news:

(-) Royal Dutch Shell (RDS.A, RDS.B) was slightly down as it booked Q3 adjusted earnings of $0.68 per share, which matched the Street view from analysts polled by Capital IQ. Last year, the Anglo-Dutch energy major reported an EPS of $0.50.

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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