Shares of energy stocks are trading lower amid a drop in the price of oil.
Portfolio Pulse from Benzinga Newsdesk
Energy stocks are trading lower due to a decline in oil prices, affecting companies like BKR, CNQ, COP, EOG, EQT, FTI, HAL, MPC, RIG, SLB, and YPF.

December 06, 2023 | 5:42 pm
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NEGATIVE IMPACT
Baker Hughes Company's stock is trading lower due to the decrease in oil prices.
As an oilfield services company, Baker Hughes is directly impacted by oil price fluctuations. Lower oil prices can lead to reduced demand for drilling services.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Canadian Natural Resources Limited's shares are down following a decline in oil prices.
As an oil and gas exploration and production company, CNQ's revenue is closely tied to oil prices, making its stock sensitive to these changes.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
ConocoPhillips' stock price is negatively affected by the recent drop in oil prices.
ConocoPhillips, being one of the world's largest independent E&P companies, is impacted by oil market volatility, which influences its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
EOG Resources, Inc. sees its stock trading lower amid falling oil prices.
EOG Resources' operations in oil and natural gas exploration and production make its stock price reactive to changes in the energy market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
EQT Corporation's shares drop as oil prices decrease.
EQT Corporation, focused on natural gas production, is affected by the broader energy market trends, including oil prices.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
TechnipFMC plc experiences a decline in stock value due to lower oil prices.
TechnipFMC's services to the energy industry mean its financial performance is influenced by oil price movements, impacting its stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Halliburton Company's shares are trading lower in response to a decrease in oil prices.
Halliburton's business in oilfield services is directly affected by oil market conditions, which in turn affects its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Marathon Petroleum Corporation's stock falls amid a downturn in oil prices.
As a petroleum refining company, Marathon Petroleum's stock is sensitive to changes in oil prices, which can affect refining margins.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Transocean Ltd. sees its share price decline as oil prices fall.
Transocean's offshore drilling services are less in demand when oil prices are low, which can negatively impact its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Schlumberger Limited's stock trades lower due to the negative trend in oil prices.
As the world's largest oilfield services company, Schlumberger's financial performance is closely tied to oil prices, affecting its stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
YPF Sociedad Anonima's shares are down in light of the recent oil price decline.
YPF, an energy company involved in oil and gas production, is impacted by the global oil prices, which directly influence its stock performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80