Investors are Tossing Oil and Gas Stocks After Report

Crude oil (NYSEARCA:USO) futures fall near $97/barrel after OPEC officially announces that its members will maintain current production of 30M bpd, including output from Libya. The cartel noted that although world oil demand is forecast to increase slightly in 2012, the rise is expected to be partially offset by a projected increase in non-OPEC supply.

Here’s how top oil and gas stocks are trading now:

Chevron Corp. (NYSE:CVX): CVX shares recently traded at $100.31, down $3.31, or 3.19%. They have traded in a 52-week range of $86.68 to $110.01. Volume today was 7,207,286 shares versus a 3-month average volume of 10,097,000 shares. The company’s trailing P/E is 7.43, while trailing earnings are $13.50 per share. Get the most recent company news and stock data here >>

Exxon Mobil Corp. (NYSE:XOM): XOM shares recently traded at $79.25, down $1.28, or 1.59%. They have traded in a 52-week range of $67.03 to $88.23. Volume today was 14,067,516 shares versus a 3-month average volume of 23,303,200 shares. The company’s trailing P/E is 9.57, while trailing earnings are $8.28 per share. Get the most recent company news and stock data here >>

ConocoPhillips (NYSE:COP): COP shares recently traded at $68.57, down $1.28, or 1.83%. They have traded in a 52-week range of $58.65 to $81.80. Volume today was 4,917,049 shares versus a 3-month average volume of 9,207,110 shares. The company’s trailing P/E is 8.80, while trailing earnings are $7.80 per share. Get the most recent company news and stock data here >>

BP plc (NYSE:BP): BP shares recently traded at $41.12, down $0.51, or 1.23%. They have traded in a 52-week range of $33.62 to $49.50. Volume today was 3,652,466 shares versus a 3-month average volume of 8,465,160 shares. The company’s trailing P/E is 5.69, while trailing earnings are $7.22 per share. Get the most recent company news and stock data here >>

Total SA (NYSE:TOT): TOT shares recently traded at $48.22, down $0.84, or 1.71%. They have traded in a 52-week range of $40.00 to $64.44. Volume today was 2,273,577 shares versus a 3-month average volume of 5,113,450 shares. The company’s trailing P/E is 6.87, while trailing earnings are $7.02 per share. Get the most recent company news and stock data here >>

Halliburton Company (NYSE:HAL): HAL shares recently traded at $31.02, down $0.84, or 2.64%. They have traded in a 52-week range of $27.21 to $57.77. Volume today was 19,139,999 shares versus a 3-month average volume of 20,124,400 shares. The company’s trailing P/E is 11.25, while trailing earnings are $2.76 per share. Get the most recent company news and stock data here >>

Schlumberger Limited (NYSE:SLB): SLB shares recently traded at $67.74, down $2.67, or 3.79%. They have traded in a 52-week range of $54.79 to $95.64. Volume today was 7,393,528 shares versus a 3-month average volume of 11,791,900 shares. The company’s trailing P/E is 20.03, while trailing earnings are $3.38 per share. Get the most recent company news and stock data here >>

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