Chevron Corp CVX:NYSE

Last Price$90.35NYSE Previous Close - Last Trade as of 7:00PM ET 8/14/20
NYSE 15-minute delayed Bid/Ask Quotes
Today's Change0(0.00%)
Bid (Size)$90.10 (2)
Ask (Size)$90.52 (1)
Day Low / HighN/A - N/A
Volume6.3 M

Sector Update: Energy Stocks Strong in Late Trade After OPEC Deal

3:35PM ET 12/06/2019 MT Newswires
Top Energy Stocks:

XOM: +1.69%

CVX: +1.65%

COP: +3.53%

SLB: +2.97%

OXY: +2.21%

Energy heavyweights stayed strong in late Friday trade, driven by oil production cut news, with the NYSE Energy Sector Index rising over 1.7% while shares of energy companies in the S&P 500 were up more than 2% as a group.

West Texas Intermediate crude oil for January delivery was up $0.71 to $59.14 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude February contract gained $0.95 to $64.34 per barrel while January natural gas futures were 9 cents lower at $2.34 per 1 million BTU. Among energy-related ETFs, United States Oil was climbing over 1.1% while United States Natural Gas was more than 3% weaker. The Philadelphia Oil Service Sector index was up nearly 5%.

In industry news: OPEC and its allies struck a new oil production deal to deepen their output cuts, various media reported on Friday, as state-owned oil giant Saudi Aramco raised a record $25.6 billion in its initial public offering.

In other sector news:

(+) Shell (RDS.A, RDS.B) was gaining over 1% after Natural Gas Intelligence reported that it and Energy Transfer (ET) have received a five-year extension from the Federal Energy Regulatory Commission to build the Lake Charles liquefied natural gas terminal in Louisiana. Energy Transfer was 0.8% weaker.

(-) McDermott International (MDR) pared heavy early losses, sliding 2% in late trade even after saying the Train 2 of the Freeport LNG project it is constructing in Texas has begun producing liquefied natural gas.

(+) Star Group (SGU) was up over 1% after it reported a fiscal Q4 net loss of $0.69 per unit compared with the $0.40 loss per unit in the prior-year period.

Price: 69.54, Change: +1.13, Percent Change: +1.66