BP PLC rose$. 10 or. 3 percent, to $38.97. ConocoPhillips rose$. 98 or 1.5 percent, to $66.01. Exxon Mobil Corp. fell$. 04 or percent, to $91.66.
A continued fall in the price of oil and a rout in Chinese stocks weighed on investor sentiment, with global equities seeing heavy losses.
DALLAS— BP PLC is still reducing jobs as is shrinks in the aftermath of the 2010 Gulf of Mexico oil spill, and the company might provide more details when it meets with investors this week. Brett Clanton, a BP spokesman in Houston, declined to say whether oil prices were causing the company to speed up layoffs, and he declined to put a number on the job cuts.
BP PLC fell $1.11 or 2.8 percent, to $38.87. ConocoPhillips fell $2.82 or 4.2 percent, to $65.03. Exxon Mobil Corp. fell $2.12 or 2.3 percent, to $91.70.
BP PLC fell$. 94 or 2.4 percent, to $39.04. ConocoPhillips fell $2.24 or 3.3 percent, to $65.61. Exxon Mobil Corp. fell $1.82 or 1.9 percent, to $92.00.
Some of Monday's midday movers:
Small investors loaded up on shares of energy stocks last month amid an epic decline of 40 percent in the price of oil from a recent high in July.
BP PLC fell$. 76 or 1.9 percent, to $39.22. ConocoPhillips fell $1.58 or 2.3 percent, to $66.27. Exxon Mobil Corp. fell$. 98 or 1.0 percent, to $92.84.
NEW ORLEANS— The Supreme Court is leaving in place BP's multibillion-dollar settlement with lawyers for businesses and residents over the 2010 oil spill in the Gulf of Mexico. The court's decision makes the economic and property damage settlement final, starting a six-month deadline for filing claims, said plaintiffs' attorney Joe Rice of Mount Pleasant,...
The Supreme Court is leaving in place BP's multibillion-dollar settlement with businesses and residents over the 2010 oil spill in the Gulf of Mexico.
European shares closed sharply higher on Friday after the U.S. monthly jobs report showed the economy adding 321,000 jobs in November.
Oil and gas exploration projects worth more than $150 billion are likely to be put on hold next year as plunging oil prices render them uneconomic.
Dec 4- The Church of England said it was in the process of filing shareholder resolutions on climate change at BP Plc and Royal Dutch Shell Plc. "The resolution is intended to challenge the companies to run their businesses so that they participate constructively in the transition to a low carbon economy," The Church of England wrote in a blog.
Barclays became the first big Wall Street firm to upgrade a major oil stock in the wake of the crash in oil prices.
European shares closed higher, as investors bet the European Central Bank would announce additional stimulus measures.
The evergreen rumor that Shell could be looking to buy BP returned to the market Tuesday -- and sent share prices of both companies higher.
Shell could launch a takeover bid for BP, according to market speculation. CNBC's Geoff Cutmore and Steve Sedgwick discuss.
Stocks rose Tuesday in a mild rebound from the prior day's drop, ahead of monthly data on car sales.
Some of Tuesday's midday movers
Rumor-chasing traders are betting on serious short-term gains for BP.