XOM

Energy Sector Update for 12/27/2018: SNP, XOM, PTR, CVX, COP, SLB, OXY

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Top Energy Stocks:

XOM: -1.69%

CVX: -1.81%

COP: Flat

SLB: -1.34%

OXY: Flat

Energy stocks were flat to lower in pre-bell trading Thursday. West Texas Intermediate crude oil for February delivery was down by $0.78 to $45.454 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude February contract lost $1.10 to $53.37 per barrel and January natural gas futures were up 3 cents at $3.57 per 1 million BTU.

Moving stocks include:

(+) China Petroleum & Chemical ( SNP ), which was marginally higher amid reports that it has has suspended the two highest officials at its Unipec trading arm after it suffered losses.

In other sector news:

(-) Exxon Mobil ( XOM ) was down more than 1% after it said drilling and development operations continue in the southeast area of the Stabroek Block offshore Guyana even after an incident over the weekend where the Venezuela Navy stopped two seismic-acquisition vessels operating at the Stabroek Block.

(=) Shale gas output at PetroChina's ( PTR ) Sichuan field hit a daily record of 20.11 million cubic meters on Dec. 24, more than double volumes on the same day a year ago, Reuters reported. PetroChina was flat after the news.

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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