Tuesday, April 10, 2012

Energy Stocks: Exxon, Chevron slip as energy sector falls

By Sue Chang and Matt Andrejczak, MarketWatch

SAN FRANCISCO (MarketWatch) ? Shares of Exxon Mobil Corp., Chevron Corp. and other energy companies fell Monday in line with the broader market which headed south on the heels of weak U.S. jobs data.

Exxon /quotes/zigman/203975/quotes/nls/xom XOM -0.83% ?lost 0.8% to $84.16, while Chevron /quotes/zigman/289939/quotes/nls/cvx CVX -0.74% ? also declined 0.8% to $103.89. Both companies are components of the Dow Jones Industrial Average /quotes/zigman/627449 DJIA -0.71% , which tumbled 105.39 points to 12,954.15.

Data released by the government last Friday showed the U.S. added 120,000 jobs in March, the weakest in five months. The anemic figure triggered worries about the strength of the U.S. recovery. Read U.S. economy gains 120,000 jobs in March.

The NYSE Arca Oil Index /quotes/zigman/6015539 XX:XOI -0.85% slid 1.1% and the NYSE Arca Natural Gas /quotes/zigman/6015474 XX:XNG -1.38% skidded 1.7%. The Philadelphia Oil Service Index /quotes/zigman/1470028 OSX -0.98% ?lost 1.2%.

/quotes/zigman/203975/quotes/nls/xom XOM 84.12, -0.70, -0.83%
/quotes/zigman/289939/quotes/nls/cvx CVX 103.98, -0.77, -0.74%
/quotes/zigman/627449 DJIA 12,967.70, -92.44, -0.71%

Exxon, Chevron among Dow 30 laggards so far in 2012.

On the New York Mercantile Exchange, crude oil futures for May delivery /quotes/zigman/2203141 CLK2 -0.82% fell $1.90, or 1.8%, to $101.41 a barrel.

Among energy companies on the S&P 500, WPX Energy Inc. /quotes/zigman/7648245/quotes/nls/wpx WPX -3.28% was one of the biggest decliners, losing nearly 5%.

Anadarko Petroleum Corp. /quotes/zigman/217978/quotes/nls/apc APC -2.65% ?and Chesapeake Energy Corp. /quotes/zigman/126832/quotes/nls/chk CHK -2.68% both lost more than 3%.

Marathon Petroleum Corp. /quotes/zigman/5611608/quotes/nls/mpc MPC +1.29% ?was the lone gainer in the sector, adding 0.7%.

/quotes/zigman/203975/quotes/nls/xom

US : NYSE Euronx

Volume: 6.93M

April 9, 2012 3:16p

Market Cap

$399.78 billion

/quotes/zigman/289939/quotes/nls/cvx

US : NYSE Euronx

Volume: 3.54M

April 9, 2012 3:16p

Market Cap

$207.09 billion

/quotes/zigman/627449

US : DJ-Index

Volume: 65.84M

April 9, 2012 3:16p

/quotes/zigman/6015539

XX : NYSE Glb Ind

Volume: 0.00

April 9, 2012 3:16p

/quotes/zigman/6015474

XX : NYSE Glb Ind

Volume: 0.00

April 9, 2012 3:16p

/quotes/zigman/1470028

US : PHLX Ind Cur

Volume: 0.00

April 9, 2012 3:01p

/quotes/zigman/2203141

US : NYMEX GLOBEX

Volume: 176,062

April 9, 2012 3:06p

/quotes/zigman/7648245/quotes/nls/wpx

US : NYSE Euronx

Volume: 1.13M

April 9, 2012 3:16p

/quotes/zigman/217978/quotes/nls/apc

US : NYSE Euronx

Volume: 2.26M

April 9, 2012 3:16p

/quotes/zigman/126832/quotes/nls/chk

US : NYSE Euronx

Volume: 9.97M

April 9, 2012 3:16p

Rev. per Employee

$832,778

/quotes/zigman/5611608/quotes/nls/mpc

US : NYSE Euronx

Volume: 2.07M

April 9, 2012 3:15p

Sue Chang is a MarketWatch reporter in San Francisco. Matt Andrejczak is a reporter for MarketWatch in San Francisco.

colbert super pac colbert super pac sloth birth control pill recall ground hog day florida primary results black history

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.