Shares of energy companies are trading higher as oil prices rise despite a build in crude inventories.
Portfolio Pulse from Benzinga Newsdesk
Energy company stocks are trading higher as oil prices increase despite a build in crude inventories.
June 01, 2023 | 3:20 pm
News sentiment analysis
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POSITIVE IMPACT
Eni's stock is trading higher due to rising oil prices despite a build in crude inventories.
Eni's stock is directly impacted by oil prices. As oil prices rise, it positively affects the company's revenue and profitability, leading to an increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ecopetrol's stock is trading higher due to rising oil prices despite a build in crude inventories.
Ecopetrol's stock is directly impacted by oil prices. As oil prices rise, it positively affects the company's revenue and profitability, leading to an increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Petrobras' stock is trading higher due to rising oil prices despite a build in crude inventories.
Petrobras' stock is directly impacted by oil prices. As oil prices rise, it positively affects the company's revenue and profitability, leading to an increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Transocean's stock is trading higher due to rising oil prices despite a build in crude inventories.
Transocean's stock is directly impacted by oil prices. As oil prices rise, it positively affects the company's revenue and profitability, leading to an increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Schlumberger's stock is trading higher due to rising oil prices despite a build in crude inventories.
Schlumberger's stock is directly impacted by oil prices. As oil prices rise, it positively affects the company's revenue and profitability, leading to an increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Tenaris' stock is trading higher due to rising oil prices despite a build in crude inventories.
Tenaris' stock is directly impacted by oil prices. As oil prices rise, it positively affects the company's revenue and profitability, leading to an increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
TotalEnergies' stock is trading higher due to rising oil prices despite a build in crude inventories.
TotalEnergies' stock is directly impacted by oil prices. As oil prices rise, it positively affects the company's revenue and profitability, leading to an increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100