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
29,00 €
0,69 %
Mit 10 Buy-Einschätzungen und nur 1 Sell-Einschätzungen steht die Community der Aktie positiv gegenüber.
Eine Steigerung von über 20% ist für BP plc ADR möglich, angesichts eines Kursziels von 40 € gegenüber 29.0 €.
