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

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 -0.11% 11 sectors, as worries that China-baed property developer China Evergrande Group /zigman2/quotes/208605330/delayed HK:3333 +4.26% /zigman2/quotes/202468092/composite EGRNY +6.39% could default sent shivers through financial markets, including the crude oil market. The SPDR Energy Select Sector ETF /zigman2/quotes/206420077/composite XLE +0.94% 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 +0.69% slid 3.7%, Occidental Petroleum Corp. /zigman2/quotes/207018272/composite OXY +3.45% shed 6.7%, Marathon Oil Corp. /zigman2/quotes/205031829/composite MRO +2.47% slumped 5.9%, Chevron Corp. /zigman2/quotes/205871374/composite CVX +0.95% was down 3.3% and Kinder Morgan Inc. /zigman2/quotes/208455654/composite KMI +0.80% gave up 2.8%. Meanwhile, crude oil futures /zigman2/quotes/209723049/delayed CL00 +0.26% fell 2.2% and the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.11% sank 2.6%.

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Add to watchlist SPX

S&P 500 Index

US : S&P US

4,544.90

-4.88 -0.11%

Volume: 1.82B

Oct. 22, 2021 5:04p

/zigman2/quotes/208605330/delayed

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China Evergrande Group

HK : Hong Kong

$ 2.69

+0.11 +4.26%

Volume: 172.66M

Oct. 22, 2021 4:08p

P/E Ratio

1.88

Dividend Yield

6.77%

Market Cap

$35.64 billion

Rev. per Employee

$4.66M

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China Evergrande Group ADR

US : U.S.: OTC

$ 8.80

+0.53 +6.39%

Volume: 77,482

Oct. 22, 2021 3:37p

P/E Ratio

1.91

Dividend Yield

N/A

Market Cap

$4.59 billion

Rev. per Employee

$600,804

/zigman2/quotes/206420077/composite

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Energy Select Sector SPDR ETF

US : U.S.: NYSE Arca

$ 57.95

+0.54 +0.94%

Volume: 21.50M

Oct. 22, 2021 4:00p

/zigman2/quotes/204455864/composite

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Exxon Mobil Corp.

US : U.S.: NYSE

$ 63.12

+0.43 +0.69%

Volume: 14.27M

Oct. 22, 2021 4:03p

P/E Ratio

N/A

Dividend Yield

5.51%

Market Cap

$267.22 billion

Rev. per Employee

$2.47M

/zigman2/quotes/207018272/composite

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Occidental Petroleum Corp.

US : U.S.: NYSE

$ 33.93

+1.13 +3.45%

Volume: 15.00M

Oct. 22, 2021 4:00p

P/E Ratio

N/A

Dividend Yield

0.12%

Market Cap

$31.68 billion

Rev. per Employee

$1.45M

/zigman2/quotes/205031829/composite

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Marathon Oil Corp.

US : U.S.: NYSE

$ 16.58

+0.40 +2.47%

Volume: 13.40M

Oct. 22, 2021 4:00p

P/E Ratio

N/A

Dividend Yield

0.90%

Market Cap

$13.07 billion

Rev. per Employee

$1.85M

/zigman2/quotes/205871374/composite

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Chevron Corp.

US : U.S.: NYSE

$ 112.80

+1.06 +0.95%

Volume: 8.67M

Oct. 22, 2021 4:02p

P/E Ratio

60.56

Dividend Yield

4.75%

Market Cap

$218.15 billion

Rev. per Employee

$1.98M

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Kinder Morgan Inc.

US : U.S.: NYSE

$ 17.67

+0.14 +0.80%

Volume: 16.39M

Oct. 22, 2021 4:00p

P/E Ratio

23.00

Dividend Yield

6.11%

Market Cap

$40.02 billion

Rev. per Employee

$1.09M

/zigman2/quotes/209723049/delayed

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Crude Oil Continuous Contract

US : U.S.: Nymex

$ 83.98

+0.22 +0.26%

Volume: 449,253

Oct. 22, 2021 4:59p

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S&P 500 Index

US : S&P US

4,544.90

-4.88 -0.11%

Volume: 1.82B

Oct. 22, 2021 5:04p