Why These 2 Big Oil Stocks Jumped in October
Shares of BP (NYSE: BP) and Total SA (NYSE: TOT) jumped in late October to finish the month up 5.8% and 4.1%, respectively. That handily beat the performance of their U.S.-based peers ExxonMobil (NYSE: XOM), which finished up just 1.7%, and Chevron (NYSE: CVX), which actually finished down 1.4%.
Luckily for investors, the reasons are pretty straightforward.
In October, the stock market was kinder to oil majors from overseas than to their U.S. industry counterparts. Image source: Getty Images.
Source: Fool.com
BP plc ADR Aktie
34,60 €
0,58 %
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