Oil & Gas Equipment & Services
Oil & Gas Equipment & Services is losing market weight. Lost weight for 2 consecutive months.
Most of this industry's losses came from a few companies.
Where did the weight change come from?
12-month contribution in universe percentage points · contributions add to the industry change
The three largest same-direction contributors explain 100% of gross losses. Opposing contributions can make an individual company’s change larger than the industry’s net change.
How has it moved through history?
Share of matched S&P 500 members
Jan 2018 – Apr 2019 · market weight (%)
Relative performance
Industry return versus ACWI · no future data shown
Is participation broad or concentrated?
Actual constituent counts at this date, not the legacy synthetic breadth proxy
This is size concentration, not contribution to the 12-month change. The attribution above measures the latter.
Evidence can disagree
Independent dimensions · no combined score or bullish/bearish verdict
Other evidence and availability
Valuation data: unavailable; shown as zero placeholder.
Attention data: unavailable; shown as zero placeholder.
Actual fund flows: unavailable. No ETF, mutual-fund or institutional flow feed is connected.
Volume / turnover: unavailable in this dataset.
Follow the contribution to individual companies
Sorted by absolute 12-month weight contribution, not investment merit
| Company | Sub-industry | Country | Universe weight | 12M contribution | 12M price return | Revisions |
|---|---|---|---|---|---|---|
| Schlumberger → SLB | Oil & Gas Equipment & Services | United States | 0.329% | -0.254 pp | -35.4% | 0.0 |
| Halliburton → HAL | Oil & Gas Equipment & Services | United States | 0.138% | -0.147 pp | -45.5% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Apr 2019 | 0.467% | -0.026 pp | +0.175 pp | +0.123 pp | -0.401 pp | -42.1% |
| Mar 2019 | 0.493% | -0.015 pp | +0.231 pp | +0.111 pp | -0.309 pp | -33.9% |
| Feb 2019 | 0.508% | +0.216 pp | +0.209 pp | +0.113 pp | -0.279 pp | -30.8% |
| Jan 2019 | 0.292% | +0.030 pp | -0.052 pp | -0.471 pp | -0.556 pp | -34.0% |
| Dec 2018 | 0.262% | -0.037 pp | -0.120 pp | -0.541 pp | -0.586 pp | -41.1% |
| Nov 2018 | 0.299% | -0.045 pp | -0.096 pp | -0.543 pp | -0.549 pp | -33.5% |
| Oct 2018 | 0.344% | -0.038 pp | -0.419 pp | -0.525 pp | -0.504 pp | -23.9% |
| Sep 2018 | 0.382% | -0.013 pp | -0.420 pp | -0.420 pp | -0.466 pp | -16.7% |
| Aug 2018 | 0.395% | -0.367 pp | -0.446 pp | -0.392 pp | -0.453 pp | -15.0% |
| Jul 2018 | 0.763% | -0.040 pp | -0.106 pp | -0.085 pp | -0.085 pp | -8.7% |
| Jun 2018 | 0.803% | -0.039 pp | +0.001 pp | -0.045 pp | -0.045 pp | -4.7% |
| May 2018 | 0.841% | -0.027 pp | +0.054 pp | -0.007 pp | -0.007 pp | -1.3% |
| Apr 2018 | 0.869% | +0.067 pp | +0.021 pp | +0.021 pp | +0.021 pp | +1.1% |
| Mar 2018 | 0.802% | +0.014 pp | -0.046 pp | -0.046 pp | -0.046 pp | -6.1% |
| Feb 2018 | 0.788% | -0.060 pp | -0.060 pp | -0.060 pp | -0.060 pp | -7.1% |
| Jan 2018 | 0.848% | +0.000 pp | +0.000 pp | +0.000 pp | +0.000 pp | +0.0% |
How are these descriptive states defined?
Gaining / losing: 12-month weight change above +0.005pp / below −0.005pp. Direction and speed are separate dimensions, not mutually exclusive recommendations.
Accelerating / slowing: compare the most recent 3M change with the preceding 3M change. Accelerating means a positive change speeds up by >0.02pp. Slowing means the magnitude of movement declines by >0.02pp. A falling industry can also slow.
Reversing: the last two 3M changes have opposite signs, outside a ±0.005pp tolerance. Persistence counts consecutive same-direction monthly changes.
Broad / concentrated: company attribution, not a market-cap concentration shortcut. Concentrated means the three largest same-direction contributors account for ≥70% of gross same-direction changes; otherwise broad requires ≥60% of constituents moving with the industry. Other cases are mixed.
Weights use matched S&P 500 members’ market-cap estimates, based on SEC-reported shares available by each month-end and monthly closing prices. Companies without a matched price or share record are omitted, so the denominator is the matched sample rather than every index member. These are not official float-adjusted S&P weights. Flow is not measured.