Energy Up, But Not By Much, As BP Ticks Up -- Energy Roundup
Shares of oil and gas companies rose, but not by as much as the broad market, as volatility in global markets continued and some oil majors weighed.
Shares of oil majors were mixed, as BP rose slightly in the wake of the British company's quarterly earnings. BP posted a $2.1 billion quarterly operating profit but that was effectively wiped out by hefty charges related to the tax overhaul and ongoing expenses related to the Macondo spill in the Gulf of Mexico.
Exxon Mobil, which, like U.S. rival Chevron has fallen out of favor with investors in the wake of last week's earnings, retreated to levels about 13% below its January high.
--Rob Curran, firstname.lastname@example.org
(END) Dow Jones Newswires
February 06, 2018 16:23 ET (21:23 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.