Energy stocks in broad rally premarket after Chevron buyout deal of Anadarko

📆 12.04.2019 17:23:00
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Energy stocks in broad rally premarket amid Chevron buyout of Anadarko

Shares of oil and gas companies were broadly higher in premarket trade Friday, outside of Chevron Corp.'s stock CVX, +0.40% which shed 4.0% after the $33 billion stock-and-cash deal to buy Anadarko Petroleum Corp. APC, +0.00% The SPDR Energy Select Sector ETF XLE, +0.07% rose 1.0%. Among some components seeing premarket trade, shares of Anadarko shot up 30%, Exxon Mobil Corp. XOM, +0.48% rose 1.0%, Kinder Morgan Inc. KMI, +0.40% gained 0.7%, Marathon Oil Corp. MRO, -1.49% surged 3.

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