Markets
CVX

Energy Sector Update for 12/14/2016: CVX,REXX,ANW

Top Energy Stocks

XOM -1.96%

CVX -1.12%

COP -1.99%

SLB -0.91%

OXY -1.77%

Energy stocks extended their declines this afternoon, with the NYSE Energy Sector Index falling nearly 2.1% while shares of energy companies in the S&P 500 were down almost 1.8% as a group in late trade.

In company news, Chevron ( CVX ) shares have turned solidly lower this afternoon after the energy major reportedly axed a $1.85 billion order for a floating production, storage and offloading ship that had been planned for use in the Rosebank field of the North Sea.

Chevron sent a termination notice to Hyundai Heavy Industries earlier this week, according to a Energy Voice report. The companies signed their original contract in April 2013 and a Chevron spokesman confirmed the order with Hyundai had been terminated with immediate effect, the report said.

CHX shares were down over 1% at $116.10 apiece, previously sinking to a session low of $115.76 a share.

In other sector news,

(+) REXX, Nasdaq stock exchange accepts the company's request for a continued listing.

(-) ANW, Prices upsized $150 mln private placement of convertible senior notes due 2021. Deal was increased by an additional $50 mln shortly before pricing.

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

CVX

Other Topics

Energy

Latest Markets Videos