Oxy stock price – occidental petroleum corp. stock quote (u.s. nyse) – marketwatch 1 unit electricity cost in india

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The S&P energy sector jumped on Monday, tracking crude-oil prices higher after Israel’s Netanyahu accused Iran of nuclear deception. The sector, along with the largest exchange-traded fund to track the group , rose 1%, after having previously traded up 0.4% on the day. Netanyahu’s accusation sparked a rally in the price of crude oil, which rose 1.8% and lifted energy stocks. Crude oil is highly correlated with any political uncertainty surrounding the Middle East. Among notable gainers, Halliburton Co. rose 1.3% while Marathon Oil Corp. was up 1.4% and Occidental Petroleum Corp. rose 1.1%. While energy has struggled for years, it has been the market’s biggest outperformer of late. It is up 10.4% over the course of April, by far the best performer among the 11 primary S&P 500 industry groups. Thus far this year, it is up 3.2%, compared with the 0.4% decline of the S&P 500. On Monday, the Dow Jones Industrial Average was flat while the S&P 500 was down 0.3% and the Nasdaq Composite Index fell 0.5%.

TPG Pace Energy Holdings Corp. announced Tuesday a deal with funds managed by EnerVest Ltd. to buy the oil and gas assets within EnerVest’s South Texas Division for $2.66 billion in cash and stock. As part of the deal, TPG Pace, a special-purpose acquisition vehicle, will partner with EnerVest to create a new publicly traded company, Magnolia Oil & Gas Corp., in which EnerVest will retain a "significant" ownership stake. The new company’s stock is expected to trade on the NYSE, after the deal closes late in the second quarter of 2018. "In creating Magnolia, we have a unique opportunity to build a new company anchored by what we consider to be some of the highest quality oil producing acreage in the country," said Steve Chazen, the former chief executive of Occidental Petroleum Corp. who now leads TPG Pace, and who will be CEO of Magnolia. TPG Pace’s stock, which was still inactive in premarket trade, is unchanged over the past three months, while the SPDR Energy Select Sector ETF has shed 5.8% and the S&P 500 has gained 1.3%.

The largest exchange-traded fund to track the energy sector fell sharply on Wednesday, sufferings its biggest one-day percentage drop since Feb. 8. The Energy Select Sector SPDR ETF lost 2.3% in a volatile session, having previously risen as much as 0.9% on the day. The move lower tracked a decline in crude-oil prices. U.S. crude-oil futures lost 2.3%. While selling accelerated going into the close of trading, the ETF turned negative after crude inventories showed a bigger-than-expected increase in supplies in the latest week. In the data, domestic crude supplies rose by 3 million barrels for the week ended Feb. 23. Analysts surveyed by S&P Global Platts had forecast a climb of 2.1 million barrels. Rising supply, along with falling demand, is a primary driver behind weakness in oil prices. Among specific stocks, Marathon Oil Corp. was down 3.2% while Halliburton Co. was off 2.5%. The Dow Jones Industrial Average fell 1.5% while the S&P 500 was off 1.1% and the Nasdaq Composite Index was down 0.8%. For the month of February, the energy ETF fell 10.8%, its biggest one-month percentage drop since December 2015.

The S&P energy sector jumped on Monday, tracking crude-oil prices higher after Israel’s Netanyahu accused Iran of nuclear deception. The sector, along with the largest exchange-traded fund to track the group , rose 1%, after having previously traded up 0.4% on the day. Netanyahu’s accusation sparked a rally in the price of crude oil, which rose 1.8% and lifted energy stocks. Crude oil is highly correlated with any political uncertainty surrounding the Middle East. Among notable gainers, Halliburton Co. rose 1.3% while Marathon Oil Corp. was up 1.4% and Occidental Petroleum Corp. rose 1.1%. While energy has struggled for years, it has been the market’s biggest outperformer of late. It is up 10.4% over the course of April, by far the best performer among the 11 primary S&P 500 industry groups. Thus far this year, it is up 3.2%, compared with the 0.4% decline of the S&P 500. On Monday, the Dow Jones Industrial Average was flat while the S&P 500 was down 0.3% and the Nasdaq Composite Index fell 0.5%.

TPG Pace Energy Holdings Corp. announced Tuesday a deal with funds managed by EnerVest Ltd. to buy the oil and gas assets within EnerVest’s South Texas Division for $2.66 billion in cash and stock. As part of the deal, TPG Pace, a special-purpose acquisition vehicle, will partner with EnerVest to create a new publicly traded company, Magnolia Oil & Gas Corp., in which EnerVest will retain a "significant" ownership stake. The new company’s stock is expected to trade on the NYSE, after the deal closes late in the second quarter of 2018. "In creating Magnolia, we have a unique opportunity to build a new company anchored by what we consider to be some of the highest quality oil producing acreage in the country," said Steve Chazen, the former chief executive of Occidental Petroleum Corp. who now leads TPG Pace, and who will be CEO of Magnolia. TPG Pace’s stock, which was still inactive in premarket trade, is unchanged over the past three months, while the SPDR Energy Select Sector ETF has shed 5.8% and the S&P 500 has gained 1.3%.

The largest exchange-traded fund to track the energy sector fell sharply on Wednesday, sufferings its biggest one-day percentage drop since Feb. 8. The Energy Select Sector SPDR ETF lost 2.3% in a volatile session, having previously risen as much as 0.9% on the day. The move lower tracked a decline in crude-oil prices. U.S. crude-oil futures lost 2.3%. While selling accelerated going into the close of trading, the ETF turned negative after crude inventories showed a bigger-than-expected increase in supplies in the latest week. In the data, domestic crude supplies rose by 3 million barrels for the week ended Feb. 23. Analysts surveyed by S&P Global Platts had forecast a climb of 2.1 million barrels. Rising supply, along with falling demand, is a primary driver behind weakness in oil prices. Among specific stocks, Marathon Oil Corp. was down 3.2% while Halliburton Co. was off 2.5%. The Dow Jones Industrial Average fell 1.5% while the S&P 500 was off 1.1% and the Nasdaq Composite Index was down 0.8%. For the month of February, the energy ETF fell 10.8%, its biggest one-month percentage drop since December 2015.