Oil & Gas Exploration & Production
Oil & Gas Exploration & Production is gaining market weight. Lost weight for 1 consecutive month.
Most of this industry's gains 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 gains. 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 – Oct 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 |
|---|---|---|---|---|---|---|
| Diamondback Energy → FANG | Oil & Gas Exploration & Production | United States | 0.073% | +0.073 pp | -23.2% | 0.0 |
| ConocoPhillips → COP | Oil & Gas Exploration & Production | United States | 0.316% | +0.043 pp | -19.3% | 0.0 |
| Occidental Petroleum → OXY | Oil & Gas Exploration & Production | United States | 0.158% | -0.016 pp | -36.1% | 0.0 |
| Devon Energy → DVN | Oil & Gas Exploration & Production | United States | 0.043% | -0.013 pp | -36.6% | 0.0 |
| EOG Resources → EOG | Oil & Gas Exploration & Production | United States | 0.210% | +0.003 pp | -33.4% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Oct 2019 | 0.799% | -0.072 pp | -0.176 pp | -0.332 pp | +0.074 pp | -36.2% |
| Sep 2019 | 0.871% | +0.010 pp | -0.155 pp | -0.341 pp | +0.064 pp | -36.2% |
| Aug 2019 | 0.862% | -0.114 pp | -0.175 pp | -0.361 pp | +0.074 pp | -35.0% |
| Jul 2019 | 0.975% | -0.051 pp | -0.156 pp | +0.287 pp | -0.503 pp | -30.2% |
| Jun 2019 | 1.026% | -0.010 pp | -0.186 pp | +0.352 pp | -0.482 pp | -28.1% |
| May 2019 | 1.036% | -0.095 pp | -0.186 pp | +0.366 pp | -0.424 pp | -25.7% |
| Apr 2019 | 1.131% | -0.081 pp | +0.443 pp | +0.406 pp | -0.287 pp | -17.7% |
| Mar 2019 | 1.212% | -0.010 pp | +0.538 pp | +0.405 pp | -0.038 pp | -0.2% |
| Feb 2019 | 1.223% | +0.534 pp | +0.552 pp | +0.435 pp | +0.048 pp | +6.9% |
| Jan 2019 | 0.689% | +0.014 pp | -0.037 pp | -0.790 pp | -0.572 pp | +2.0% |
| Dec 2018 | 0.674% | +0.004 pp | -0.133 pp | -0.833 pp | -0.586 pp | -0.5% |
| Nov 2018 | 0.670% | -0.055 pp | -0.117 pp | -0.790 pp | -0.590 pp | +3.6% |
| Oct 2018 | 0.725% | -0.082 pp | -0.753 pp | -0.693 pp | -0.535 pp | +8.2% |
| Sep 2018 | 0.807% | +0.019 pp | -0.701 pp | -0.443 pp | -0.454 pp | +17.8% |
| Aug 2018 | 0.788% | -0.691 pp | -0.673 pp | -0.387 pp | -0.473 pp | +13.9% |
| Jul 2018 | 1.478% | -0.029 pp | +0.060 pp | +0.218 pp | +0.218 pp | +18.8% |
| Jun 2018 | 1.508% | +0.047 pp | +0.257 pp | +0.247 pp | +0.247 pp | +19.6% |
| May 2018 | 1.461% | +0.042 pp | +0.286 pp | +0.200 pp | +0.200 pp | +14.8% |
| Apr 2018 | 1.418% | +0.168 pp | +0.157 pp | +0.157 pp | +0.157 pp | +10.3% |
| Mar 2018 | 1.250% | +0.076 pp | -0.010 pp | -0.010 pp | -0.010 pp | -2.2% |
| Feb 2018 | 1.175% | -0.086 pp | -0.086 pp | -0.086 pp | -0.086 pp | -7.7% |
| Jan 2018 | 1.261% | +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.