XOM

Sector Update: Energy Shares Off Session Lows But Still in Red; Crude Jumps, Closes Up 4.5%

NYMEX Benchmark Crude September: (+4.5%) to $82.89

Top Energy Stocks

XOM: -1.2%

CVX: -0.03%

COP: +0.2%

SLB: -1.2%

OXY: -0.6%

Energy shares have come off session lows but are still sitting mostly in the red in late trading as crude oil futures finished the day up 4.5% after several sessions of declines.

Light, sweet crude oil for September delivery finished up 4.5% to $82.89 a barrel. In other energy futures, heating oil was up 3.62% to $2.86 a gallon while natural gas was up 0.23% to $4.00 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 1.96% to $32.24. The United States Natural Gas ETF ( UNG ) is down 0.15% at $10.11.

In late-session energy news, the slip in Exxon Mobil ( XOM ) shares has sent the market value of the oil major - heretofore the most valuable company in the world as judged by market capitalization - below that of computer maker Apple ( AAPL ).

Exxon's market value is $339.67 billion while Apple's is $343.68 billion.

Exxon shares are down 1.97%, or $1.40, to $69.73.

Meanwhile, Ultra Petroleum ( UPL ) reported Q2 EPS of $0.67, which tops analyst expectations by $0.01. Revenue increased 9% from the previous year period to $281 million, missing by $49 million.

Ultra Petroleum shares are down 5.72% to $38.39.

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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