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Sector Update: Energy Shares Mixed in Mid-Day Trading; Crude Slips Below $101

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NYMEX Benchmark Crude January: (-0.33%) to $100.62

Top Energy Stocks

XOM: +0.3%

CVX: +0.4%

COP: +0.1%

SLB: -0.9%

OXY: -1.1%

Energy shares are mixed in mid-day trading as the broader market downshifts and crude oil futures slip to trade under $101 a barrel.

Light, sweet crude oil for January delivery finished down 0.33% to $100.62 a barrel. In other energy futures, heating oil was up 0.3% to $3.00 a gallon while natural gas was up 0.3% to $3.47 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 0.31% to $38.89. The United States Natural Gas ETF ( UNG ) is up 0.26% to $7.65.

In mid-day energy news, shares of Chevron ( CVX ) are higher while Bloomberg reports that the company could be fined $84 million by Rio de Janiero for environmental damage due to the oil spill at the company's Frade project off the coast of that country.

Also, the company's operations will be monitored for two years, Rio said, according to the report.

CVX shares are up 0.31%, or $0.32, to $103.14.

Meanwhile, Exxon Mobil ( XOM ) shares are higher while Bloomberg reports that the comapny sees Abu Dhabi to changing the terms of its main oil producing concession - which dates back to 1993 - when it expires in 2014. XOM shares are up 0.2%.

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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