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APA

Energy Sector Update for 05/02/2019: APA,UNT,RDS.A,RDS.B,MUR

Top Energy Stocks

XOM -1.48%

CVX -0.75%

COP -2.03%

SLB -0.77%

OXY -0.16%

Energy stocks extended their declines this afternoon, with the NYSE Energy Sector Index falling slightly more than 1.0% while shares of energy companies in the S&P 500 also were down almost 1.6% as a group. West Texas Intermediate crude oil for June delivery settled $1.79 lower at $61.81 per barrel at the New York Mercantile Exchange while the global benchmark Brent crude June contract declined $1.54 to $70.64 per barrel. June natural gas futures fell 3 cents to $2.59 per 1 million BTU. Among energy-related ETFs, the United States Oil fund was nearly 3.0% lower while the United States Natural Gas fund was dropping almost 1.1%. The Philadelphia Oil Service Sector index was down nearly 1.3%.

Among energy stocks moving on news:

(-) Apache (APA) slid almost 6% on Thursday after the oil and natural gas company earned $0.10 per share during the January-to-March reporting period, excluding one-time items, slipping from $0.32 per share during the year-ago period and missing the Capital IQ consensus by $0.04 per share.

In other sector news:

(+) Royal Dutch Shell (RDS.A,RDS.B) climbed nearly 2% after Thursday reporting Q1 net income of $0.73 per share, improving on a $0.70 per share profit during the same quarter last year and beating the Capital IQ consensus expecting $0.58 per share.

(-) Murphy Oil Corp (MUR) fell 3% on Thursday. The oil and natural gas company reported adjusted Q1 net income of $0.15 per share, beating the Capital IQ consensus by $0.04 per share. Total revenue rose to $591.0 million from $374.8 million during the year-ago period and also topping the $557.2 million analyst mean.

(-) Unit Corp (UNT) dropped more than 7% after the contract driller Thursday reported Q1 revenue of $189.7 million, down from $205.1 million during the same quarter last year and trailing the Capital IQ consensus looking for $202.2 million in revenue for the three months ended March 31.

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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APA UNT RDS.A RDS.B MUR

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