Bulletin
Investor Alert

Market Pulse Archives

June 22, 2022, 7:25 a.m. EDT

Oil and gas stocks suffer broad, sharp selloff as crude futures drop

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Crude Oil Continuous Contract (CL00)
  • X
    Natural Gas Continuous Contract (NG00)
  • X
    Energy Select Sector SPDR ETF (XLE)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

The S&P 500's energy sector was suffering a unanimous selloff, as crude oil /zigman2/quotes/209723049/delayed CL00 -0.94% and natural gas futures /zigman2/quotes/210189548/delayed NG00 -1.44% slumped amid growing demand concerns and as the Biden administration calls for a gas-tax holiday. The SPDR Energy Select Sector ETF /zigman2/quotes/206420077/composite XLE +0.76% dropped 3.4% with all 21 equity components losing ground, as crude oil futures shed 4.4% and natural gas futures lost 1.0%. Futures /zigman2/quotes/209948968/delayed ES00 -0.29% for the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.73% were down 1.4%. The energy ETF's biggest decliners were shares of Marathon Oil Corp. /zigman2/quotes/205031829/composite MRO +0.63% , down 5.2%, and Devon Energy Corp. /zigman2/quotes/209479244/composite DVN +1.69% , down 4.5%. Among other more-active components, shares of Occidental Petroleum Corp. /zigman2/quotes/207018272/composite OXY +0.06% slid 3.4%, Exxon Mobil Corp. /zigman2/quotes/204455864/composite XOM +0.87% declined 3.0% and Kinder Morgan Inc. /zigman2/quotes/208455654/composite KMI +0.54% shed 2.6%. The best performer was Williams Companies Inc.'s stock /zigman2/quotes/205467183/composite WMB +0.65% , which fell 1.9%.

/zigman2/quotes/209723049/delayed
US : U.S.: Nymex
$ 91.22
-0.87 -0.94%
Volume: 11,389
Aug. 14, 2022 11:04p
loading...
/zigman2/quotes/210189548/delayed
US : U.S.: Nymex
$ 8.64
-0.13 -1.44%
Volume: 1,830
Aug. 14, 2022 11:03p
loading...
/zigman2/quotes/206420077/composite
US : U.S.: NYSE Arca
$ 78.47
+0.59 +0.76%
Volume: 19.19M
Aug. 12, 2022 4:00p
loading...
/zigman2/quotes/209948968/delayed
US : U.S.: CME
$ 4,268.50
-12.50 -0.29%
Volume: 35,328
Aug. 14, 2022 10:04p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,280.15
+72.88 +1.73%
Volume: 2.22B
Aug. 12, 2022 6:27p
loading...
/zigman2/quotes/205031829/composite
US : U.S.: NYSE
$ 24.06
+0.15 +0.63%
Volume: 13.31M
Aug. 12, 2022 4:00p
P/E Ratio
5.70
Dividend Yield
1.21%
Market Cap
$16.30 billion
Rev. per Employee
$4.64M
loading...
/zigman2/quotes/209479244/composite
US : U.S.: NYSE
$ 65.55
+1.09 +1.69%
Volume: 8.71M
Aug. 12, 2022 4:00p
P/E Ratio
8.35
Dividend Yield
7.11%
Market Cap
$42.92 billion
Rev. per Employee
$11.97M
loading...
/zigman2/quotes/207018272/composite
US : U.S.: NYSE
$ 65.73
+0.04 +0.06%
Volume: 11.75M
Aug. 12, 2022 4:00p
P/E Ratio
6.49
Dividend Yield
0.79%
Market Cap
$61.23 billion
Rev. per Employee
$2.85M
loading...
/zigman2/quotes/204455864/composite
US : U.S.: NYSE
$ 94.00
+0.81 +0.87%
Volume: 15.06M
Aug. 12, 2022 4:03p
P/E Ratio
10.27
Dividend Yield
3.74%
Market Cap
$391.76 billion
Rev. per Employee
$5.69M
loading...
/zigman2/quotes/208455654/composite
US : U.S.: NYSE
$ 18.69
+0.10 +0.54%
Volume: 11.36M
Aug. 12, 2022 4:00p
P/E Ratio
17.50
Dividend Yield
5.94%
Market Cap
$42.11 billion
Rev. per Employee
$1.78M
loading...
/zigman2/quotes/205467183/composite
US : U.S.: NYSE
$ 34.16
+0.22 +0.65%
Volume: 5.00M
Aug. 12, 2022 4:00p
P/E Ratio
26.62
Dividend Yield
4.98%
Market Cap
$41.62 billion
Rev. per Employee
$2.24M
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.