Bulletin
Investor Alert

New York Markets Close in:

Market Pulse Archives

Nov. 19, 2021, 12:35 p.m. EST

Oil stocks take a broad beating as crude prices sink

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    S&P 500 Index (SPX)
  • X
    Energy Select Sector SPDR ETF (XLE)
  • X
    Devon Energy Corp. (DVN)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

The energy sector took a broad beating Friday, and was the weakest of the S&P 500's /zigman2/quotes/210599714/realtime SPX +1.78% 11 key sectors, after crude oil prices were slapped down by fears that rising COVID cases in Europe will drive down demand. The SPDR Energy Select Sector ETF /zigman2/quotes/206420077/composite XLE +2.50% dropped 3.5%, with all 21 equity components losing ground, and has lost 5.5% amid a three-day losing streak. The biggest loser was Devon Energy Corp.'s stock /zigman2/quotes/209479244/composite DVN +2.20% , which slid 5.6%. Among other more active components, shares of Exxon Mobil Corp. /zigman2/quotes/204455864/composite XOM +2.41% slumped 4.3%, Marathon Oil Corp. /zigman2/quotes/205031829/composite MRO +3.38% gave up 4.3%, Occidental Petroleum Corp. /zigman2/quotes/207018272/composite OXY +2.87% lost 4.9%, Schlumberger Ltd. /zigman2/quotes/201012972/composite SLB +1.96% fell 5.1% and Chevron Corp. /zigman2/quotes/205871374/composite CVX +2.86% declined 2.2%. Meanwhile, crude oil futures /zigman2/quotes/209723049/delayed CL00 +0.52% shed 3.7% toward a seven-week low. The energy sector ETF has still run up 19.8% over the past three months, while crude oil futures have climbed 18.9% and the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.78% has gained 7.0%.

/zigman2/quotes/210599714/realtime
US : S&P US
4,427.43
+77.50 +1.78%
Volume: 531.47M
Jan. 27, 2022 10:15a
loading...
/zigman2/quotes/206420077/composite
US : U.S.: NYSE Arca
$ 66.83
+1.63 +2.50%
Volume: 9.61M
Jan. 27, 2022 10:15a
loading...
/zigman2/quotes/209479244/composite
US : U.S.: NYSE
$ 52.93
+1.14 +2.20%
Volume: 2.17M
Jan. 27, 2022 10:15a
P/E Ratio
31.82
Dividend Yield
3.71%
Market Cap
$35.06 billion
Rev. per Employee
$7.74M
loading...
/zigman2/quotes/204455864/composite
US : U.S.: NYSE
$ 75.96
+1.79 +2.41%
Volume: 4.73M
Jan. 27, 2022 10:15a
P/E Ratio
N/A
Dividend Yield
4.65%
Market Cap
$314.00 billion
Rev. per Employee
$3.40M
loading...
/zigman2/quotes/205031829/composite
US : U.S.: NYSE
$ 20.27
+0.66 +3.38%
Volume: 3.73M
Jan. 27, 2022 10:15a
P/E Ratio
N/A
Dividend Yield
1.09%
Market Cap
$15.27 billion
Rev. per Employee
$2.81M
loading...
/zigman2/quotes/207018272/composite
US : U.S.: NYSE
$ 38.13
+1.07 +2.87%
Volume: 4.77M
Jan. 27, 2022 10:15a
P/E Ratio
N/A
Dividend Yield
0.10%
Market Cap
$34.61 billion
Rev. per Employee
$1.93M
loading...
/zigman2/quotes/201012972/composite
US : U.S.: NYSE
$ 40.58
+0.78 +1.96%
Volume: 4.26M
Jan. 27, 2022 10:15a
P/E Ratio
30.59
Dividend Yield
1.24%
Market Cap
$55.85 billion
Rev. per Employee
$266,616
loading...
/zigman2/quotes/205871374/composite
US : U.S.: NYSE
$ 136.48
+3.79 +2.86%
Volume: 4.43M
Jan. 27, 2022 10:15a
P/E Ratio
26.35
Dividend Yield
3.95%
Market Cap
$255.78 billion
Rev. per Employee
$2.83M
loading...
/zigman2/quotes/209723049/delayed
US : U.S.: Nymex
$ 87.80
+0.45 +0.52%
Volume: 197,352
Jan. 27, 2022 10:05a
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,427.43
+77.50 +1.78%
Volume: 531.47M
Jan. 27, 2022 10:15a
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.