Integrated Energy Out Of Fuel This Morning
The leading integrated energy stocks are all coming under some early selling pressure this morning. Exxon Mobil Corp (NYSE:XOM) is now the second largest company by market capitalization behind Apple Inc (NASDAQ:AAPL). This leading energy stock is trading lower by $1.00 to $86.17 a share. Exxon Mobil stock has been very strong as of late on the daily chart and today's pullback is rather healthy for the energy heavyweight. This giant energy company will have intra-day support around the $85.85 area.
Chevron Corp (NYSE:CVX) is another leading integrated energy stock that is trading lower this morning by $1.16 to $105.57 a share. ConocoPhillips (NYSE:COP) is trading lower by 0.30 cents to $70.30 a share. All of the stocks mentioned are leading components of the Dow Jones Industrial Average (DJIA).