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Aug. 30, 2022, 9:43 p.m. EDT

These large-cap oil stocks fell as much as 5% on Tuesday

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By Philip van Doorn

The S&P 500 energy sector fell 3.4% on Monday as oil futures pulled back and the broader stock market declined.

A list of the day’s worst-performing large-cap U.S. energy stocks is below.

West Texas Intermediate crude oil for October delivery /zigman2/quotes/211629951/delayed CL.1 +0.72% fell 5.5% to settle at $91.64 a barrel. Myra P. Saefong covered several factors that helped push oil lower , including a report that the OPEC+ group wasn’t discussing oil-production cuts.

The S&P 500 /zigman2/quotes/210599714/realtime SPX -0.19% was down 1.1%, with 86% of component stocks and all sectors ending lower. Investors were poised to react negatively to news underlining the strength of the U.S. economy on expectations the Federal Reserve would respond with tighter monetary policy. Here are some of Tuesday’s reports:

And here are the 10 energy stocks in the S&P 500 with the largest declines:

Company Ticker Price change – Aug. 30 Price change – 2022 Decline from 52-week intraday high Date of 52-week intraday high
APA Corp. /zigman2/quotes/200648444/composite APA -4.9% 46.2% -24.3% 06/08/2022
Halliburton Co. /zigman2/quotes/210488727/composite HAL -4.9% 32.7% -31.0% 06/08/2022
Marathon Oil Corp. /zigman2/quotes/205031829/composite MRO -4.5% 55.8% -23.0% 05/31/2022
Baker Hughes Co. Class A /zigman2/quotes/205323712/composite BKR -4.5% 4.1% -37.0% 03/24/2022
Valero Energy Corp. /zigman2/quotes/200735463/composite VLO -4.4% 57.1% -19.6% 06/08/2022
Occidental Petroleum Corp. /zigman2/quotes/207018272/composite OXY -4.3% 148.4% -6.6% 08/29/2022
Schlumberger NV /zigman2/quotes/201012972/composite SLB -4.2% 29.1% -22.4% 06/08/2022
Devon Energy Corp. /zigman2/quotes/209479244/composite DVN -4.1% 61.4% -10.5% 06/09/2022
Exxon Mobil Corp. /zigman2/quotes/204455864/composite XOM -3.8% 57.4% -8.8% 06/08/2022
Diamondback Energy Inc. FANG -3.7% 24.3% -17.4% 06/08/2022
Source: FactSet

Click on the tickers for more about each company. Also, see here for Tomi Kilgore’s detailed guide to the wealth of information available for free on MarketWatch quote pages.

Finally, here’s an approach to selecting dividend stocks as the equity market comes under pressure.

Don’t miss: 20 dividend stocks with high yields that are expected to raise payouts the most through 2024

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/zigman2/quotes/211629951/delayed
US : U.S.: Nymex
$ 72.53
+0.52 +0.72%
Volume: 31,758
Dec. 8, 2022 3:35a
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/zigman2/quotes/210599714/realtime
US : S&P US
3,933.92
-7.34 -0.19%
Volume: 0.00
Dec. 7, 2022 5:22p
loading...
/zigman2/quotes/200648444/composite
US : U.S.: Nasdaq
$ 43.66
-0.21 -0.48%
Volume: 5.98M
Dec. 7, 2022 4:00p
P/E Ratio
4.17
Dividend Yield
2.29%
Market Cap
$14.10 billion
Rev. per Employee
$4.84M
loading...
/zigman2/quotes/210488727/composite
US : U.S.: NYSE
$ 35.05
-1.03 -2.85%
Volume: 15.60M
Dec. 7, 2022 4:00p
P/E Ratio
18.17
Dividend Yield
1.37%
Market Cap
$32.87 billion
Rev. per Employee
$474,800
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/zigman2/quotes/205031829/composite
US : U.S.: NYSE
$ 27.41
-0.04 -0.15%
Volume: 10.85M
Dec. 7, 2022 4:00p
P/E Ratio
5.26
Dividend Yield
1.17%
Market Cap
$17.43 billion
Rev. per Employee
$5.01M
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/zigman2/quotes/205323712/composite
US : U.S.: Nasdaq
$ 27.88
-0.50 -1.76%
Volume: 8.32M
Dec. 7, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
2.73%
Market Cap
$28.62 billion
Rev. per Employee
$384,630
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/zigman2/quotes/200735463/composite
US : U.S.: NYSE
$ 120.19
+1.33 +1.12%
Volume: 4.99M
Dec. 7, 2022 4:00p
P/E Ratio
5.13
Dividend Yield
3.26%
Market Cap
$45.82 billion
Rev. per Employee
$17.41M
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/zigman2/quotes/207018272/composite
US : U.S.: NYSE
$ 63.95
-0.19 -0.30%
Volume: 11.76M
Dec. 7, 2022 4:00p
P/E Ratio
5.33
Dividend Yield
0.81%
Market Cap
$58.30 billion
Rev. per Employee
$3.06M
loading...
/zigman2/quotes/201012972/composite
US : U.S.: NYSE
$ 49.80
-1.08 -2.12%
Volume: 9.70M
Dec. 7, 2022 4:00p
P/E Ratio
24.01
Dividend Yield
1.41%
Market Cap
$72.15 billion
Rev. per Employee
$288,283
loading...
/zigman2/quotes/209479244/composite
US : U.S.: NYSE
$ 64.25
+0.12 +0.19%
Volume: 10.52M
Dec. 7, 2022 4:00p
P/E Ratio
6.76
Dividend Yield
8.05%
Market Cap
$41.92 billion
Rev. per Employee
$12.84M
loading...
/zigman2/quotes/204455864/composite
US : U.S.: NYSE
$ 103.65
-0.23 -0.22%
Volume: 20.06M
Dec. 7, 2022 4:03p
P/E Ratio
8.44
Dividend Yield
3.51%
Market Cap
$427.81 billion
Rev. per Employee
$6.20M
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