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Energy stocks in broad rally premarket after Chevron buyout deal of Anadarko

Tomi Kilgore

Shares of oil and gas companies were broadly higher in premarket trade Friday, outside of Chevron Corp.'s stock , which shed 4.0% after the $33 billion stock-and-cash deal to buy Anadarko Petroleum Corp. The SPDR Energy Select Sector ETF rose 1.0%. Among some components seeing premarket trade, shares of Anadarko shot up 30%, Exxon Mobil Corp. rose 1.0%, Kinder Morgan Inc. gained 0.7%, Marathon Oil Corp. surged 3.5%, Chesapeake Energy Corp. was up 0.9% and Schlumberger Ltd. tacked on 2.1%. Meanwhile, S&P 500 futures advanced 0.5%.