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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 +0.30% 11 sectors, as worries that China-baed property developer China Evergrande Group /zigman2/quotes/208605330/delayed HK:3333 +4.26% /zigman2/quotes/202468092/delayed EGRNY -10.68% could default sent shivers through financial markets, including the crude oil market. The SPDR Energy Select Sector ETF /zigman2/quotes/206420077/composite XLE -1.85% 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 -1.82% slid 3.7%, Occidental Petroleum Corp. /zigman2/quotes/207018272/composite OXY -1.68% shed 6.7%, Marathon Oil Corp. /zigman2/quotes/205031829/composite MRO -1.88% slumped 5.9%, Chevron Corp. /zigman2/quotes/205871374/composite CVX -1.25% was down 3.3% and Kinder Morgan Inc. /zigman2/quotes/208455654/composite KMI -6.01% gave up 2.8%. Meanwhile, crude oil futures /zigman2/quotes/209723049/delayed CL00 -0.47% fell 2.2% and the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.30% sank 2.6%.

/zigman2/quotes/210599714/realtime
US : S&P US
4,549.78
+13.59 +0.30%
Volume: 1.90B
Oct. 21, 2021 5:03p
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/zigman2/quotes/208605330/delayed
HK : Hong Kong
$ 2.69
+0.11 +4.26%
Volume: 110.06M
Oct. 22, 2021 11:59a
P/E Ratio
1.88
Dividend Yield
6.77%
Market Cap
$39.09 billion
Rev. per Employee
$4.66M
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/zigman2/quotes/202468092/delayed
US : U.S.: OTC
$ 8.27
-0.99 -10.68%
Volume: 74,790
Oct. 21, 2021 3:59p
P/E Ratio
1.79
Dividend Yield
N/A
Market Cap
$5.03 billion
Rev. per Employee
$600,804
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/zigman2/quotes/206420077/composite
US : U.S.: NYSE Arca
$ 57.41
-1.08 -1.85%
Volume: 32.12M
Oct. 21, 2021 4:00p
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/zigman2/quotes/204455864/composite
US : U.S.: NYSE
$ 62.69
-1.16 -1.82%
Volume: 16.56M
Oct. 21, 2021 4:02p
P/E Ratio
N/A
Dividend Yield
5.55%
Market Cap
$270.31 billion
Rev. per Employee
$2.47M
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/zigman2/quotes/207018272/composite
US : U.S.: NYSE
$ 32.80
-0.56 -1.68%
Volume: 14.87M
Oct. 21, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.12%
Market Cap
$31.15 billion
Rev. per Employee
$1.45M
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/zigman2/quotes/205031829/composite
US : U.S.: NYSE
$ 16.18
-0.31 -1.88%
Volume: 15.32M
Oct. 21, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.93%
Market Cap
$13.00 billion
Rev. per Employee
$1.85M
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/zigman2/quotes/205871374/composite
US : U.S.: NYSE
$ 111.74
-1.42 -1.25%
Volume: 9.37M
Oct. 21, 2021 4:02p
P/E Ratio
59.99
Dividend Yield
4.80%
Market Cap
$218.84 billion
Rev. per Employee
$1.98M
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/zigman2/quotes/208455654/composite
US : U.S.: NYSE
$ 17.53
-1.12 -6.01%
Volume: 38.53M
Oct. 21, 2021 4:00p
P/E Ratio
23.38
Dividend Yield
6.16%
Market Cap
$42.23 billion
Rev. per Employee
$1.09M
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/zigman2/quotes/209723049/delayed
US : U.S.: Nymex
$ 82.11
-0.39 -0.47%
Volume: 38,001
Oct. 22, 2021 12:30a
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/zigman2/quotes/210599714/realtime
US : S&P US
4,549.78
+13.59 +0.30%
Volume: 1.90B
Oct. 21, 2021 5:03p
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