⚡️Halliburton +6%, BP +3.4%, XOM Gains | XLE Flat in After-Hours Despite Oil Optimism | Energy Sector Insights
(XLE) closed flat in after-hours trading, despite strong performances from key holdings like Chevron (+4.0%), Exxon Mobil (+2.8%), and BP (+3.4%). Halliburton led gains with a 6.0% surge after securing a major well-control contract in Kuwait.
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Below are AI-generated insights on moves in the energy sector, powered by MarketReader technology.
Tuesday, July 8
XLE [-0.2%]
Energy Select Sector SPDR Fund
The Energy Select Sector SPDR Fund (XLE) experienced a decline of 0.2% in after-hours trading. Key holdings contributed negatively, with Chevron (CVX) returning slightly lower and Exxon Mobil (XOM) also seeing a minor drop. Despite Chevron reaching a 13-week high, it has decreased over the past year. Exxon Mobil's price target was raised by Piper Sandler, although they anticipate reduced upstream earnings due to fluctuations in oil and gas prices. APA Corp (APA) received a price target increase from Barclays, reflecting solid revenue growth despite a higher debt-to-equity ratio. The Dow Jones Index has decreased by 0.10%, which may be influencing XLE's performance.