News Formal

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

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why energy sector stocks aren’t keeping up with soaring oil pricesOil prices are soaring, but energy-sector shares aren’t keeping pace. the oil price is trending up in an orderly manner. it is not soaring by any means, therefore the headline is misleading. MktwSaefong Cause oil prices are bubbly
Source: MarketWatch - 🏆 3. / 97 Read more »