Thursday, November 7, 2013

Chevron leads energy stocks higher

Shares of Chevron CVX +0.02%  gained 2.3%. Chevron on Tuesday announced a shale gas deal with Ukraine, which is attempting to reduce its dependency on natural gas supplied by Russia. Chevron signed a production-sharing agreement to develop the Olesska field in western Ukraine that is expected to lead to Ukraine’s natural-gas self-sufficiency by 2020. Chevron will invest $350 million.

Exxon Mobil Corp. XOM -0.06%   shares advanced 1.3%, while shares of ConocoPhillips COP -0.30%   gained 1.8%. Top gainers also included Marathon Oil Corp. MRO +2.19%  , with shares up 2.2%. There were plenty of companies in the red, with Chesapeake Energy Corp. CHK -0.23%  ending near the bottom of the S&P 500 index. Read more.

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