CVX, APA, COP Stocks Hit 52-Week Low as Oil Market Slides
CVXChevron(CVX) ZACKS·2024-09-13 04:01

The Oil/Energy market has been roiled by concerns over a slowdown in global economic activity, particularly the decline in fuel demand in China. The space has seen a brutal sell-off, with the Energy Select Sector SPDR — a key indicator of the largest U.S. energy companies — dropping 5.7% over the past month. Alongside the decline in crude oil prices, shares of major energy companies have plunged, with the likes of Chevron (CVX) , APA Corporation (APA) , and ConocoPhillips (COP) , among others, hitting new 5 ...