Shares of energy companies rose after strong earnings from some independent exploration-and-production companies.
Hess shares rose after the oil-and-gas production company posted a sharp increase in fourth-quarter earnings and revenue, buoyed by higher production at its offshore Guyana prospects and increased commodity prices.
Africa-focused oil explorer Tullow Oil rose after the company said it expects to report an increase in 2022 revenue.
Norwegian oil concern Equinor plans to sell a 20% stake in the Agbami offshore oil field in Nigeria for up to $1 billion, Reuters reported.
Natural-gas futures fell to a 19-month low.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-25-23 1734ET
