Oil Plunge Energy Companies

Oil Plunge Energy Companies

In this June 12, 2014, aerial photo, an oil well is drilled near Williston, N.D. A decision by OPEC not to cut oil production is hammering major energy companies in the U.S. and abroad. Chevron, ConocoPhillips and Exxon Mobil are down more than 4 percent. Britain’s BP is down 6 percent. Natural gas producers are getting hit as well. Chesapeake Energy is down almost 12 percent. Benchmark U.S. crude prices plunged almost 7 percent $68.81 early Friday, Nov. 28. (AP Photo/Charles Rex Arbogast, File)

FILE – In this June 12, 2014, aerial photo, an oil well is drilled near Williston, N.D. A decision by OPEC not to cut oil production is hammering major energy companies in the U.S. and abroad. Chevron, ConocoPhillips and Exxon Mobil are down more than 4 percent. Britain’s BP is down 6 percent. Natural gas producers are getting hit as well. Chesapeake Energy is down almost 12 percent. Benchmark U.S. crude prices plunged almost 7 percent $68.81 early Friday, Nov. 28. (AP Photo/Charles Rex Arbogast, File)

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