Oil & Gas Exploration & Production
Oil & Gas Exploration & Production is losing market weight. Gained 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 83% 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
Nov 2018 – Oct 2023 · 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 |
|---|---|---|---|---|---|---|
| ConocoPhillips → COP | Oil & Gas Exploration & Production | United States | 0.484% | -0.086 pp | -1.8% | 0.0 |
| Devon Energy → DVN | Oil & Gas Exploration & Production | United States | 0.101% | -0.078 pp | -35.8% | 0.0 |
| Occidental Petroleum → OXY | Oil & Gas Exploration & Production | United States | 0.186% | -0.054 pp | -13.9% | 0.0 |
| EOG Resources → EOG | Oil & Gas Exploration & Production | United States | 0.250% | -0.034 pp | -3.1% | 0.0 |
| APA Corporation → APA | Oil & Gas Exploration & Production | United States | 0.041% | -0.011 pp | -10.5% | 0.0 |
| EQT Corporation → EQT | Oil & Gas Exploration & Production | United States | 0.059% | +0.005 pp | +3.0% | 0.0 |
| Diamondback Energy → FANG | Oil & Gas Exploration & Production | United States | 0.097% | +0.001 pp | +6.9% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Oct 2023 | 1.219% | +0.016 pp | +0.423 pp | +0.084 pp | -0.258 pp | -16.7% |
| Sep 2023 | 1.203% | +0.049 pp | +0.451 pp | +0.094 pp | -0.072 pp | -4.6% |
| Aug 2023 | 1.153% | +0.357 pp | +0.389 pp | -0.007 pp | -0.130 pp | -7.7% |
| Jul 2023 | 0.796% | +0.045 pp | -0.339 pp | -0.510 pp | -0.336 pp | +3.4% |
| Jun 2023 | 0.752% | -0.013 pp | -0.358 pp | -0.591 pp | -0.437 pp | -4.1% |
| May 2023 | 0.764% | -0.371 pp | -0.396 pp | -0.600 pp | -0.615 pp | -15.7% |
| Apr 2023 | 1.135% | +0.026 pp | -0.171 pp | -0.342 pp | -0.019 pp | +7.7% |
| Mar 2023 | 1.109% | -0.051 pp | -0.233 pp | -0.166 pp | -0.004 pp | +11.1% |
| Feb 2023 | 1.160% | -0.146 pp | -0.204 pp | -0.123 pp | +0.093 pp | +22.5% |
| Jan 2023 | 1.306% | -0.036 pp | -0.171 pp | +0.174 pp | +0.343 pp | +52.3% |
| Dec 2022 | 1.343% | -0.021 pp | +0.068 pp | +0.154 pp | +0.595 pp | +105.3% |
| Nov 2022 | 1.364% | -0.113 pp | +0.080 pp | -0.015 pp | +0.593 pp | +108.5% |
| Oct 2022 | 1.477% | +0.202 pp | +0.345 pp | +0.323 pp | +0.670 pp | +124.9% |
| Sep 2022 | 1.275% | -0.009 pp | +0.086 pp | +0.162 pp | +0.522 pp | +107.2% |
| Aug 2022 | 1.284% | +0.151 pp | -0.095 pp | +0.216 pp | +0.685 pp | +157.1% |
| Jul 2022 | 1.133% | -0.056 pp | -0.021 pp | +0.169 pp | +0.512 pp | +116.4% |
| Jun 2022 | 1.189% | -0.190 pp | +0.076 pp | +0.441 pp | +0.465 pp | +89.2% |
| May 2022 | 1.379% | +0.225 pp | +0.311 pp | +0.607 pp | +0.710 pp | +134.5% |
| Apr 2022 | 1.154% | +0.041 pp | +0.191 pp | +0.347 pp | +0.558 pp | +107.8% |
| Mar 2022 | 1.113% | +0.045 pp | +0.365 pp | +0.360 pp | +0.790 pp | +89.1% |
| Feb 2022 | 1.068% | +0.104 pp | +0.297 pp | +0.469 pp | +0.751 pp | +81.2% |
| Jan 2022 | 0.963% | +0.216 pp | +0.157 pp | +0.343 pp | +0.708 pp | +103.9% |
| Dec 2021 | 0.748% | -0.024 pp | -0.006 pp | +0.024 pp | +0.336 pp | +66.6% |
| Nov 2021 | 0.771% | -0.035 pp | +0.172 pp | +0.102 pp | +0.363 pp | +69.8% |
| Oct 2021 | 0.807% | +0.053 pp | +0.186 pp | +0.210 pp | +0.491 pp | +124.8% |
| Sep 2021 | 0.753% | +0.154 pp | +0.029 pp | +0.430 pp | +0.753 pp | +95.3% |
| Aug 2021 | 0.599% | -0.022 pp | -0.070 pp | +0.282 pp | +0.598 pp | +33.0% |
| Jul 2021 | 0.621% | -0.103 pp | +0.025 pp | +0.366 pp | +0.620 pp | +25.1% |
| Jun 2021 | 0.724% | +0.055 pp | +0.401 pp | +0.312 pp | +0.723 pp | +22.1% |
| May 2021 | 0.669% | +0.072 pp | +0.352 pp | +0.260 pp | +0.668 pp | +14.4% |
| Apr 2021 | 0.596% | +0.273 pp | +0.341 pp | +0.281 pp | +0.038 pp | +0.7% |
| Mar 2021 | 0.323% | +0.007 pp | -0.089 pp | +0.323 pp | +0.323 pp | +34.2% |
| Feb 2021 | 0.317% | +0.061 pp | -0.092 pp | +0.316 pp | +0.316 pp | -18.6% |
| Jan 2021 | 0.255% | -0.157 pp | -0.060 pp | +0.255 pp | -0.551 pp | -42.2% |
| Dec 2020 | 0.412% | +0.004 pp | +0.412 pp | +0.411 pp | -0.480 pp | -49.9% |
| Nov 2020 | 0.408% | +0.093 pp | +0.408 pp | +0.408 pp | -0.409 pp | -46.1% |
| Oct 2020 | 0.315% | +0.315 pp | +0.315 pp | -0.242 pp | -0.484 pp | -58.2% |
| Sep 2020 | 0.000% | -0.000 pp | -0.000 pp | +0.000 pp | -0.871 pp | -58.8% |
| Aug 2020 | 0.000% | -0.000 pp | -0.000 pp | -0.000 pp | -0.861 pp | -50.9% |
| Jul 2020 | 0.000% | -0.000 pp | -0.558 pp | -0.806 pp | -0.975 pp | -52.0% |
| Jun 2020 | 0.001% | +0.000 pp | +0.000 pp | -0.891 pp | -1.026 pp | -46.3% |
| May 2020 | 0.001% | -0.557 pp | -0.000 pp | -0.817 pp | -1.036 pp | -46.7% |
| Apr 2020 | 0.558% | +0.558 pp | -0.248 pp | -0.241 pp | -0.573 pp | -46.6% |
| Mar 2020 | 0.000% | -0.000 pp | -0.891 pp | -0.871 pp | -1.212 pp | -61.1% |
| Feb 2020 | 0.001% | -0.805 pp | -0.817 pp | -0.861 pp | -1.222 pp | -37.5% |
| Jan 2020 | 0.806% | -0.086 pp | +0.007 pp | -0.169 pp | +0.117 pp | -32.6% |
| Dec 2019 | 0.892% | +0.074 pp | +0.021 pp | -0.135 pp | +0.217 pp | -24.3% |
| Nov 2019 | 0.818% | +0.019 pp | -0.044 pp | -0.219 pp | +0.147 pp | -33.2% |
| 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% |
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.