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 +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%.

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S&P 500 Index

US : S&P US

4,164.00

+52.92 +1.29%

Volume: 0.00

Feb. 7, 2023 5:00p

/zigman2/quotes/208605330/delayed

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China Evergrande Group

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

/zigman2/quotes/202468092/delayed

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China Evergrande Group ADR

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

/zigman2/quotes/206420077/composite

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Energy Select Sector SPDR ETF

US : U.S.: NYSE Arca

$ 88.35

+2.78 +3.25%

Volume: 20.51M

Feb. 7, 2023 4:00p

/zigman2/quotes/204455864/composite

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Exxon Mobil Corp.

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

/zigman2/quotes/207018272/composite

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Occidental Petroleum Corp.

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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Marathon Oil Corp.

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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Chevron Corp.

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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Kinder Morgan Inc.

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

/zigman2/quotes/209723049/delayed

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Crude Oil Continuous Contract

US : U.S.: Nymex

$ 77.32

+0.18 +0.23%

Volume: 14,182

Feb. 8, 2023 1:36a

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S&P 500 Index

US : S&P US

4,164.00

+52.92 +1.29%

Volume: 0.00

Feb. 7, 2023 5:00p