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Sept. 20, 2021, 2:56 p.m. EDT

Energy sector suffers broad selloff, as Evergrande fears even weigh on crude oil prices

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By Tomi Kilgore

The energy sector was suffering a broad selloff Monday, and was the hardest hit of the S&P 500's /zigman2/quotes/210599714/realtime SPX +1.29% 11 sectors, as worries that China-baed property developer China Evergrande Group /zigman2/quotes/208605330/delayed HK:3333 +8.55% /zigman2/quotes/202468092/delayed EGRNY 0.00% could default sent shivers through financial markets, including the crude oil market. The SPDR Energy Select Sector ETF /zigman2/quotes/206420077/composite XLE +3.25% dropped 5.4% in afternoon trading with all 22 equity components losing ground, putting the ETF on track for the biggest one-day selloff in 10 months. Among the ETF's most-active components, shares of Exxon Mobil Corp. /zigman2/quotes/204455864/composite XOM +2.86% slid 3.7%, Occidental Petroleum Corp. /zigman2/quotes/207018272/composite OXY +4.96% shed 6.7%, Marathon Oil Corp. /zigman2/quotes/205031829/composite MRO +4.19% slumped 5.9%, Chevron Corp. /zigman2/quotes/205871374/composite CVX +2.62% was down 3.3% and Kinder Morgan Inc. /zigman2/quotes/208455654/composite KMI +0.61% gave up 2.8%. Meanwhile, crude oil futures /zigman2/quotes/209723049/delayed CL00 +0.23% fell 2.2% and the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.29% sank 2.6%.

/zigman2/quotes/210599714/realtime
US : S&P US
4,164.00
+52.92 +1.29%
Volume: 0.00
Feb. 7, 2023 5:00p
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/zigman2/quotes/208605330/delayed
HK : Hong Kong
$ 1.65
+0.13 +8.55%
Volume: 0.00
March 18, 2022 4:08p
P/E Ratio
1.15
Dividend Yield
0.00%
Market Cap
$21.79 billion
Rev. per Employee
N/A
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/zigman2/quotes/202468092/delayed
US : U.S.: OTC
$ 0.04
0.00 0.00%
Volume: 2,000
Feb. 7, 2023 1:11p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.78 billion
Rev. per Employee
N/A
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/zigman2/quotes/206420077/composite
US : U.S.: NYSE Arca
$ 88.35
+2.78 +3.25%
Volume: 20.51M
Feb. 7, 2023 4:00p
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/zigman2/quotes/204455864/composite
US : U.S.: NYSE
$ 114.92
+3.19 +2.86%
Volume: 16.01M
Feb. 7, 2023 4:03p
P/E Ratio
8.65
Dividend Yield
3.17%
Market Cap
$460.14 billion
Rev. per Employee
$6.33M
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/zigman2/quotes/207018272/composite
US : U.S.: NYSE
$ 64.60
+3.05 +4.96%
Volume: 12.97M
Feb. 7, 2023 4:00p
P/E Ratio
5.38
Dividend Yield
0.80%
Market Cap
$55.94 billion
Rev. per Employee
$3.06M
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/zigman2/quotes/205031829/composite
US : U.S.: NYSE
$ 26.87
+1.08 +4.19%
Volume: 10.74M
Feb. 7, 2023 4:00p
P/E Ratio
5.16
Dividend Yield
1.30%
Market Cap
$16.38 billion
Rev. per Employee
$5.01M
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/zigman2/quotes/205871374/composite
US : U.S.: NYSE
$ 174.09
+4.45 +2.62%
Volume: 10.26M
Feb. 7, 2023 4:03p
P/E Ratio
9.54
Dividend Yield
3.47%
Market Cap
$328.02 billion
Rev. per Employee
$5.53M
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/zigman2/quotes/208455654/composite
US : U.S.: NYSE
$ 18.28
+0.11 +0.61%
Volume: 10.09M
Feb. 7, 2023 4:00p
P/E Ratio
16.27
Dividend Yield
6.07%
Market Cap
$40.84 billion
Rev. per Employee
$1.82M
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/zigman2/quotes/209723049/delayed
US : U.S.: Nymex
$ 77.32
+0.18 +0.23%
Volume: 14,182
Feb. 8, 2023 1:36a
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/zigman2/quotes/210599714/realtime
US : S&P US
4,164.00
+52.92 +1.29%
Volume: 0.00
Feb. 7, 2023 5:00p
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