By Steve Gelsi, MarketWatch
NEW YORK (MarketWatch) -- Energy stocks traded mixed in early action on Friday, while the broad market rose.
The NYSE Arca Oil Index (XOI 1,061, +5.53, +0.52%) rose 0.2% to 1,058. The NYSE Arca Natural Gas Index (XNG 526.05, +0.65, +0.12%) dipped 0.2% to 524.
The Philadelphia Oil Service Index (OSX 201.07, +3.00, +1.52%) jumped 0.9% to 200.
Among stocks in the spotlight, Norway's Statoil (STO 22.66, +0.26, +1.17%) rose 0.5% to $22.52.
The company agreed to pay $253 million to Chesapeake Energy Corp. to add approximately 59,000 net acres to its 600,000-acre position in the Marcellus Shale.
Shares (CHK 22.49, +0.06, +0.27%) of Chesapeake Energy fell a penny to $22.42 a share.
Crude oil for May dipped 19 cents to $80.34 a barrel, while natural gas traded at about $3.97 per thousand British thermal units, down slightly.
In the broad equities market, the Dow Jones Industrial Average (INDU 10,892, +50.34, +0.46%) rose 22 points to 10,863. Exxon Mobil (XOM 66.76, +0.46, +0.69%) rose 7 cents to $66.37, while Chevron (CVX 74.39, +0.59, +0.80%) rose 0.5% to $74.17.
Both oil majors are components of the 30-stock DJIA.
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