Oil companies gain as prices rebound after week-long sell-off

Callon Petroleum Co

17/11/2023 16:01

** Shares of oil and gas companies gain tracking a rise in
oil prices
    ** Brent crude  LCOc1  up 1.7% at $78.76/bbl and U.S. West
Texas Intermediate crude  CLc1  up 1.7% at $74.1/bbl after
concerns about burgeoning non-OPEC supply and cooling demand
triggered a 5% drop in prices on Thursday  O/R 
    ** Oil majors Exxon Mobil  XOM.N  and Chevron  CVX.N  rise
1.25% and 1.27%, respectively
     ** Oil and gas producers ConocoPhillips  COP.N , Occidental
Petroleum  OXY.N , Callon Petroleum  CPE.N  and Marathon Oil
 MRO.N  up between 0.80% and 2.80%
    ** Oilfield services companies SLB  SLB.N  and Halliburton
 HAL.N  gain 1.08% and 2.03%, respectively 
    ** Oil and gas refiners PBF Energy  PBF.N , Valero Energy
 VLO.N  and Phillips 66  PSX.N  up 1.84%-2.57%
    ** Chevron has begun supplying fuel to Venezuela's state-run
oil company PDVSA in expansion of oil swap deals, three people
familiar with the matter tell Reuters
    
    

 (Reporting by Kabir Dweit)
 ((Kabir.Dweit@thomsonreuters.com))