Oil Rallies on Weak Dollar and Stability in Europe

As the dollar weakens and crude futures rise on news that Europe’s financial crisis looks to be stabilizing, oil stocks are popping.

European petrochemical companies such as Total (NYSE:TOT) and Royal Dutch Shell (NYSE:RDSA), among others, are rising on the news.

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Following is some stock price performance information for these companies and some of their competitors.

  • Total (NYSE:TOT): The shares recently traded at $49.12, up $2.20, or 4.69%, on the day.  The shares have traded in a 52-week range of $40 to $64.44 and its market capitalization is $110.53 billion.  About the company: Total SA explores for, produces, refines, transports, and markets oil and natural gas.  The Company also operates a chemical division which produces polypropylene, polyethylene, polystyrene, rubber, paint, ink, adhesives, and resins.  Total operates gasoline filling stations in Europe, the United States, and Africa.
  • Royal Dutch Shell (NYSE:RDSA): The shares recently traded at $66.49, up $2.59, or 4.05%, on the day.  The shares have traded in a 52-week range of $57.97 to $77.97 and its market capitalization is $208.51 billion. About the company: Royal Dutch Shell plc operates as an oil and gas company worldwide.  The Company explores for, and extracts crude oil and natural gas.  It also converts natural gas to liquids to provide cleaner burning fuels; markets and trades natural gas and power; extract bitumen from mined oil sands and convert it to synthetic crude oil; and develops wind power to generate electricity.
  • BP plc (NYSE:BP): The shares recently traded at $38.17, up $1.06, or 2.86%, on the day.  The shares have traded in a 52-week range of $33.62 to $49.50 and its market capitalization is $120.5 billion.  About the company: BP plc is an oil and petrochemicals company.  The Company explores for and produce oil and natural gas, refines, markets, and supplies petroleum products, generates solar energy, and manufatures and markets chemicals.  BP’s chemicals include terrephthalic acid, acetic acid, acrylonitrile, ethylene and polyethylene.
  • Exxon Mobil Corporation (NYSE:XOM): The shares recently traded at $75.56, up $2, or 2.72%, on the day.  The shares have traded in a 52-week range of $63.63 to $88.23 and its market capitalization is $367.38 billion.  About the company: Exxon Mobil Corporation operates petroleum and petrochemicals businesses on a worldwide basis.  The Company’s operations include exploration and production of oil and gas, electric power generation, and coal and minerals operations.  Exxon Mobil also manufactures and markets fuels, lubricants, and chemicals.
  • Chevron Corporation (NYSE:CVX): The shares recently traded at $97.36, up $2.93, or 3.1%, on the day.  The shares have traded in a 52-week range of $80.41 to $109.94 and its market capitalization is $195.01 billion.  About the company: Chevron Corporation is an integrated energy company with operations in countries located around the world.  The Company produces and transports crude oil and natural gas.  Chevron also refines, markets, and distributes fuels as well as is involved in chemical operations, mining operations, power generation and energy services.

(Note: Selected financial data are sourced from Google Finance.  All data are assumed to be accurate.)

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