EdgeWater 10/20/2010 11:55:29 AM
News / Business

Energy Stocks Ended Lower (BP, CHK, XOM, CVX)

Energy Stocks Updates

BP plc (ADR) (NYSE:BP) dropped 1.33% to $40.94 on unusual volumes. Yesterday, the company agreed to sell its upstream businesses and associated interests in Venezuela and Vietnam to its Russian joint venture TNK-BP for a total of $1.8 billion.

In the past one month of trading sessions, the stock went up more than 7%. Over the past 52-week, the stock traded within the range of $26.75-$62.38.

Chesapeake Energy Corporation (NYSE:CHK) lost 3.22% to $21.96 on about 21.08 million shares. Last week, Ticonderoga Securities maintained a ‘Neutral’ on Chesapeake.

Volumes were high at 21.08 million shares are traded as compared to its average daily volume of 12.59 million shares.

Exxon Mobil Corporation (NYSE:XOM) fell 1.75% to $65.12 on about 25.38 million shares. At today`s closing market price, the market capitalization of the company stands at $331.58 billion.

Chevron Corporation (NYSE:CVX) declined 2% to $82.79 on unusual volumes. The stock went up more than 5% in the last one month of trading sessions and is up more than 6% year-to-date.

Chevron Corporation manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to United States and international subsidiaries that engage in fully integrated petroleum operations, chemicals operations, mining operations, power generation and energy services.

rticle published by Wall Street Grand. Visit the Wall Street Grand Club today.

SAFE LINK

Disclaimer:

For our full disclosure please visit - http://www.wallstreetgrand.com/disclosure.html