Energy & Utilities

In the first 11 months of 2019, Chesapeake Energy (CHK) stock fell 71.7%. So far in December, though, its stock has risen 24.8%.

Weaker earnings results and lower oil prices are dragging down BP. The stock is down 2.2% month-to-date, 2.4% quarter-to-date, and 2.3% year-to-date.

Today at around 4:35 AM ET, WTI crude oil prices have fallen 0.5%. Today and tomorrow, OPEC+ members will discuss the fate of the production cut agreement.

Recently, PG&E stock continued to rise. The stock has gained in seven of the last eight trading sessions. Collectively, the stock has risen more than 30%.

American Electric Power Company (AEP) declared a quarterly dividend of $0.70 per share in October. These dividends will be paid on December 12.

Haynes and Boone reported that 50 energy companies filed for bankruptcy in the first nine months of 2019, including 33 oil and gas producers.

Yesterday, Vitol's Giovanni Serio expressed confidence in OPEC+'s latest strategy. It's implemented a production cut of 1.2 MMbpd to balance the oil market.

Valero Energy (VLO) stock has risen by 10% this quarter, driven by refining cracks expanding. Other refining stocks have also risen.

ExxonMobil (XOM) stock has fallen 3.9% this quarter, driven down by the company's weak third-quarter earnings and lower crude oil prices.