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Sector Update: Energy Stocks Mixed in Tuesday Afternoon Trading
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Sector Update: Energy Stocks Mixed in Tuesday Afternoon Trading
Jan 21, 2025 11:20 AM

01:47 PM EST, 01/21/2025 (MT Newswires) -- Energy stocks were mixed Tuesday afternoon, with the NYSE Energy Sector Index up 0.2% and the Energy Select Sector SPDR Fund (XLE) shedding 0.3%.

The Philadelphia Oil Service Sector index eased 0.1%, and the Dow Jones US Utilities index was rising 1.7%.

Front-month West Texas Intermediate crude oil was declining 2.4% to $76.05 a barrel while the global benchmark Brent crude contract was falling 1.2% to $79.17 a barrel. Henry Hub natural gas futures were 4.6% lower at $3.77 per 1 million BTU.

In corporate news, Berry (BRY) said it has appointed Jeff Magids as chief financial officer. Its shares down 1.3%.

GeoPark ( GPRK ) shares fell about 3%. The firm said it plans to offer senior notes in a private placement to institutional buyers.

Chevron ( CVX ) has expressed interest in an open exploration block managed by Greece's Hellenic Hydrocarbons and Energy Resources Management, news outlets reported Monday, citing the country's energy ministry. Chevron ( CVX ) shares were down 1.5%.

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