Sector Update: Energy

Last Updated: Wednesday, September 28, 2022 3:40 PM | MT Newswires

Energy stocks extended their Wednesday advance with the NYSE Energy Sector Index rising 3.6% this afternoon while the SPDR Energy Select Sector ETF (XLE) was up 4.7%. West Texas Intermediate crude oil was $3.65 higher at $82.15 per barrel while Henry Hub natural gas futures rose $0.22 to $6.89 per 1 million BTU. In company news, TotalEnergies (TTE) rose 2.1% after the French energy major Wednesday declared a special interim dividend of 1 euro ($0.96) per share to be paid in December. The special dividend will be paid in addition to the company recently announcing a 5% increase in its quarterly dividend to investors.

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