Oil & Gas Equipment & Services
Oil & Gas Equipment & Services is losing market weight. Lost weight for 4 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
Feb 2019 – Jan 2024 · 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 |
|---|---|---|---|---|---|---|
| Baker Hughes → BKR | Oil & Gas Equipment & Services | United States | 0.085% | +0.085 pp | -8.0% | 0.0 |
| Schlumberger → SLB | Oil & Gas Equipment & Services | United States | 0.207% | -0.070 pp | -12.9% | 0.0 |
| Halliburton → HAL | Oil & Gas Equipment & Services | United States | 0.095% | -0.033 pp | -12.0% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Jan 2024 | 0.387% | -0.033 pp | -0.120 pp | +0.051 pp | -0.018 pp | -23.4% |
| Dec 2023 | 0.420% | -0.020 pp | -0.097 pp | +0.115 pp | +0.017 pp | -17.9% |
| Nov 2023 | 0.440% | -0.067 pp | -0.054 pp | +0.157 pp | +0.075 pp | -6.2% |
| Oct 2023 | 0.507% | -0.011 pp | +0.171 pp | +0.069 pp | +0.128 pp | +0.1% |
| Sep 2023 | 0.517% | +0.023 pp | +0.213 pp | +0.082 pp | +0.230 pp | +38.8% |
| Aug 2023 | 0.494% | +0.158 pp | +0.211 pp | +0.004 pp | +0.203 pp | +32.2% |
| Jul 2023 | 0.336% | +0.031 pp | -0.101 pp | -0.069 pp | +0.065 pp | +37.2% |
| Jun 2023 | 0.305% | +0.022 pp | -0.130 pp | -0.098 pp | -0.002 pp | +13.0% |
| May 2023 | 0.283% | -0.155 pp | -0.207 pp | -0.082 pp | -0.083 pp | -12.5% |
| Apr 2023 | 0.437% | +0.002 pp | +0.032 pp | +0.058 pp | +0.122 pp | +13.5% |
| Mar 2023 | 0.435% | -0.055 pp | +0.033 pp | +0.148 pp | +0.125 pp | +16.7% |
| Feb 2023 | 0.490% | +0.085 pp | +0.125 pp | +0.199 pp | +0.194 pp | +39.7% |
| Jan 2023 | 0.405% | +0.003 pp | +0.026 pp | +0.134 pp | +0.128 pp | +56.6% |
| Dec 2022 | 0.402% | +0.038 pp | +0.115 pp | +0.096 pp | +0.202 pp | +119.3% |
| Nov 2022 | 0.365% | -0.014 pp | +0.074 pp | -0.001 pp | +0.164 pp | +103.0% |
| Oct 2022 | 0.379% | +0.092 pp | +0.108 pp | +0.064 pp | +0.153 pp | +97.7% |
| Sep 2022 | 0.287% | -0.004 pp | -0.019 pp | -0.022 pp | +0.074 pp | +51.8% |
| Aug 2022 | 0.291% | +0.020 pp | -0.075 pp | -0.005 pp | +0.100 pp | +69.2% |
| Jul 2022 | 0.271% | -0.035 pp | -0.044 pp | -0.006 pp | +0.070 pp | +49.9% |
| Jun 2022 | 0.307% | -0.059 pp | -0.003 pp | +0.106 pp | +0.076 pp | +43.0% |
| May 2022 | 0.366% | +0.050 pp | +0.070 pp | +0.164 pp | +0.137 pp | +71.8% |
| Apr 2022 | 0.316% | +0.006 pp | +0.039 pp | +0.090 pp | +0.115 pp | +68.3% |
| Mar 2022 | 0.310% | +0.014 pp | +0.110 pp | +0.097 pp | +0.198 pp | +52.2% |
| Feb 2022 | 0.296% | +0.019 pp | +0.094 pp | +0.105 pp | +0.179 pp | +36.4% |
| Jan 2022 | 0.277% | +0.077 pp | +0.051 pp | +0.076 pp | +0.166 pp | +56.6% |
| Dec 2021 | 0.200% | -0.001 pp | -0.013 pp | -0.030 pp | +0.010 pp | +12.4% |
| Nov 2021 | 0.201% | -0.025 pp | +0.011 pp | -0.027 pp | +0.016 pp | +15.3% |
| Oct 2021 | 0.226% | +0.013 pp | +0.024 pp | +0.026 pp | +0.077 pp | +58.2% |
| Sep 2021 | 0.213% | +0.023 pp | -0.018 pp | +0.102 pp | +0.213 pp | +49.5% |
| Aug 2021 | 0.191% | -0.011 pp | -0.038 pp | +0.074 pp | +0.190 pp | +10.4% |
| Jul 2021 | 0.201% | -0.029 pp | +0.001 pp | +0.090 pp | +0.201 pp | +17.4% |
| Jun 2021 | 0.231% | +0.002 pp | +0.119 pp | +0.040 pp | +0.230 pp | +28.0% |
| May 2021 | 0.228% | +0.028 pp | +0.112 pp | +0.043 pp | +0.228 pp | +26.6% |
| Apr 2021 | 0.200% | +0.089 pp | +0.089 pp | +0.051 pp | +0.018 pp | +16.8% |
| Mar 2021 | 0.111% | -0.005 pp | -0.079 pp | +0.111 pp | +0.111 pp | +51.0% |
| Feb 2021 | 0.116% | +0.005 pp | -0.069 pp | +0.116 pp | +0.116 pp | -13.4% |
| Jan 2021 | 0.111% | -0.079 pp | -0.038 pp | +0.111 pp | -0.212 pp | -38.3% |
| Dec 2020 | 0.191% | +0.005 pp | +0.190 pp | +0.190 pp | -0.188 pp | -46.3% |
| Nov 2020 | 0.185% | +0.036 pp | +0.185 pp | +0.185 pp | -0.160 pp | -42.9% |
| Oct 2020 | 0.149% | +0.149 pp | +0.149 pp | -0.033 pp | -0.175 pp | -50.4% |
| Sep 2020 | 0.000% | -0.000 pp | -0.000 pp | +0.000 pp | -0.339 pp | -52.8% |
| Aug 2020 | 0.000% | +0.000 pp | +0.000 pp | -0.000 pp | -0.333 pp | -40.8% |
| Jul 2020 | 0.000% | -0.000 pp | -0.182 pp | -0.323 pp | -0.401 pp | -51.4% |
| Jun 2020 | 0.000% | -0.000 pp | +0.000 pp | -0.378 pp | -0.404 pp | -49.6% |
| May 2020 | 0.000% | -0.182 pp | -0.000 pp | -0.345 pp | -0.388 pp | -46.3% |
| Apr 2020 | 0.182% | +0.182 pp | -0.141 pp | -0.142 pp | -0.285 pp | -56.8% |
| Mar 2020 | 0.000% | -0.000 pp | -0.378 pp | -0.339 pp | -0.493 pp | -66.0% |
| Feb 2020 | 0.000% | -0.323 pp | -0.345 pp | -0.333 pp | -0.508 pp | -39.8% |
| Jan 2020 | 0.323% | -0.055 pp | -0.001 pp | -0.078 pp | +0.031 pp | -32.8% |
| Dec 2019 | 0.378% | +0.033 pp | +0.040 pp | -0.025 pp | +0.117 pp | -12.7% |
| Nov 2019 | 0.345% | +0.021 pp | +0.012 pp | -0.043 pp | +0.046 pp | -29.8% |
| Oct 2019 | 0.324% | -0.015 pp | -0.077 pp | -0.143 pp | -0.020 pp | -43.1% |
| Sep 2019 | 0.339% | +0.005 pp | -0.065 pp | -0.154 pp | -0.044 pp | -45.1% |
| Aug 2019 | 0.334% | -0.068 pp | -0.055 pp | -0.175 pp | -0.062 pp | -47.8% |
| Jul 2019 | 0.401% | -0.002 pp | -0.066 pp | +0.109 pp | -0.361 pp | -41.6% |
| Jun 2019 | 0.404% | +0.016 pp | -0.089 pp | +0.142 pp | -0.399 pp | -44.4% |
| May 2019 | 0.388% | -0.079 pp | -0.120 pp | +0.089 pp | -0.453 pp | -49.8% |
| 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% |
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.