01:57 PM EST, 11/03/2025 (MT Newswires) -- Energy stocks were mixed Monday afternoon with the NYSE Energy Sector Index little changed and the Energy Select Sector SPDR Fund (XLE) easing 0.1%.

The Philadelphia Oil Service Sector Index rose 2%, while the Dow Jones US Utilities Index was little changed.

West Texas Intermediate crude oil rose 0.5% to $61.26 a barrel, and global benchmark Brent advanced 0.5% to $65.05 a barrel. Henry Hub natural gas futures gained 3.6% to $4.27 per 1 million BTU.

In corporate news, SM Energy ( SM ) and Civitas Resources ( CIVI ) agreed to merge in an all-stock deal, creating one of the largest independent oil-focused producers operating across US shale basins. SM shares fell 6.6%, and Civitas shed 1.6%.

Kosmos Energy ( KOS ) posted a wider-than-expected Q3 loss as revenue missed estimates, while the company lowered its oil production outlook for the year. The stock fell 1.9%.

Shell (SHEL) plans to invest $1 billion in new oil blocks in Angola, which will be used for seismic surveys and drilling, Bloomberg reported, citing Paulino Jeronimo, the chairman of the country's National Agency for Oil, Gas and Biofuels, at an event in the capital Luanda. Shell shares fell 0.7%.