Shares of energy stocks are trading higher amid an increase in oil prices.
Portfolio Pulse from Benzinga Newsdesk
Energy stocks are trading higher due to an increase in oil prices. The stocks mentioned include HAL, OII, PSX, and SLB.
July 07, 2023 | 2:54 pm
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POSITIVE IMPACT
Shares of Halliburton (HAL) are trading higher due to an increase in oil prices.
As an oilfield services company, Halliburton's performance is closely tied to oil prices. The increase in oil prices is likely to boost the company's revenues and profitability, leading to a rise in its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Shares of Oceaneering International (OII) are trading higher due to an increase in oil prices.
Oceaneering International, a provider of engineered services to the offshore energy industry, benefits from higher oil prices. The increase in oil prices is likely to boost the company's revenues and profitability, leading to a rise in its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Shares of Phillips 66 (PSX) are trading higher due to an increase in oil prices.
Phillips 66, an energy manufacturing and logistics company, benefits from higher oil prices. The increase in oil prices is likely to boost the company's revenues and profitability, leading to a rise in its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Shares of Schlumberger (SLB) are trading higher due to an increase in oil prices.
Schlumberger, a leading oilfield services provider, benefits from higher oil prices. The increase in oil prices is likely to boost the company's revenues and profitability, leading to a rise in its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100