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Sector Update: Energy Stocks Mixed Friday Afternoon
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Sector Update: Energy Stocks Mixed Friday Afternoon
Jul 24, 2026 10:51 AM

01:37 PM EDT, 07/24/2026 (MT Newswires) -- Energy stocks were mixed Friday afternoon with the NYSE Energy Sector Index little changed and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.5%.

The Philadelphia Oil Service Sector Index climbed 2.9%, and the Dow Jones US Utilities Index eased 0.1%.

West Texas Intermediate crude oil fell 3.6% to $88.80 a barrel, and global benchmark Brent dropped 4.4% to $96.30 a barrel. Henry Hub natural gas futures fell 1% at $2.89 per 1 million BTU.

In corporate news, SLB (SLB) shares jumped 10% after Q2 adjusted earnings and revenue topped market estimates.

NextEra Energy ( NEE/PW ) reported mixed Q2 results with adjusted earnings topping estimates and operating revenue trailing Wall Street forecasts. The shares fell 0.5%.

BP (BP) is in advanced talks to sell its solar power arm Lightsource to a consortium comprising Qualitas Energy, a private equity firm focused on green energy, and Wren House, the infrastructure arm of the Kuwait Investment Authority, Reuters reported. BP shares fell 0.3%.

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