April 26, 2019 / 5:15 PM / a year ago

BUZZ-Energy stocks fall as earnings of oil giants disappoint, crude prices slide

** Energy shares tumble in midday trading after dismal earnings report from oil majors and as crude prices tumbled more than 3%

** Big oil companies Exxon Mobil Corp slid 2.8%, while Chevron Corp dropped 1.5%

** Exxon reported Q1 earnings below expectations, while Chevron posted a 27% decline in qtrly profits

** Oil prices slipped on Friday after U.S. President Donald Trump once again pressured the Organization of the Petroleum Exporting Countries to raise crude production to ease gasoline prices

** The S&P 500 energy sector fell 1.8% with majority of its components in the red

** The S&P energy sector is now negative for the month of April, but gained ~15% for the year

** EOG Resources Inc, Marathon Oil Corp, Apache Corp dropped between 3.7% and 4.4% - among some of the biggest decliners on the S&P 500 index

** Canadian energy shares were also pressured by the fall in oil prices and after a 2% decline in shares of Imperial Oil Ltd , which reported a quarterly fall in profit (Reporting by Shreyashi Sanyal in Bengaluru)

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