Oil companies decline tracking lower crude prices

Callon Petroleum Co

07/11/2023 11:27

** Shares of oil and gas companies fall in premarket trade,
tracking 2% decline in crude price
    ** Brent crude  LCOc1  down 2% at $83.48/bbl while U.S. West
Texas Intermediate crude  CLc1  falls 1.9% to $79.30/bbl as
mixed economic data from China offset the impact of Saudi Arabia
and Russia extending output cuts  O/R 
    ** Oil majors Exxon Mobil  XOM.N  and Chevron  CVX.N 
decline 1% and 1.2%, respectively
    ** Shares of energy producers Occidental Petroleum  OXY.N 
and Callon Petroleum  CPE.N  down 1% and 2%, respectively 
    ** Oilfield services firm Halliburton  HAL.N  falls 1%

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94
 ;))