Market Overview

U.S. Sanctions Against Russia Causing Concern With Big Oil

Share:
Related XOM
Dow 30 Stock Roundup: Boeing Bags Big Orders at Paris Air Show; Wal-Mart to Buy Bonobos
Bear Market Grips Crude Stocks as U.S. Production Grows
US Market Indexes Lower, Technology Gains (GuruFocus)

Shares of the major integrated oil producers traded lower Monday following news that Exxon Mobil Corporation (NYSE: XOM) is suspending operations with Russian state-owned oil company Rosneft due to sanctions.

Shares of other major integrated oil companies fell in concern, with share prices reflected below:

  • Exxon Mobil: $94.43, down 1.05 percent.
  • Chevron Corporation (NYSE: CVX): $120.55, down 0.76 percent.
  • ConocoPhillips (NYSE: COP) $77.84, down 0.36 percent.
  • Occidental Petroleum Corporation (NYSE: OXY) $97.23, down 1.14 percent.

The drop in oil producers came despite a rally of nearly 1 percent in the price of crude oil on Monday.

Posted-In: News Markets

 

Related Articles (COP + CVX)

View Comments and Join the Discussion!