Oil & Gas Refining & Marketing
Oil & Gas Refining & Marketing is losing market weight. Lost weight for 5 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 – Sep 2020 · 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 |
|---|---|---|---|---|---|---|
| Phillips 66 → PSX | Oil & Gas Refining & Marketing | United States | 0.000% | -0.244 pp | -47.1% | 0.0 |
| Marathon Petroleum → MPC | Oil & Gas Refining & Marketing | United States | 0.000% | -0.212 pp | -49.2% | 0.0 |
| Valero Energy → VLO | Oil & Gas Refining & Marketing | United States | 0.000% | -0.188 pp | -46.4% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Sep 2020 | 0.000% | -0.000 pp | -0.000 pp | +0.000 pp | -0.644 pp | -52.6% |
| Aug 2020 | 0.000% | -0.000 pp | -0.000 pp | -0.000 pp | -0.586 pp | -40.3% |
| Jul 2020 | 0.000% | -0.000 pp | -0.441 pp | -0.545 pp | -0.633 pp | -37.4% |
| Jun 2020 | 0.000% | -0.000 pp | +0.000 pp | -0.623 pp | -0.620 pp | -27.2% |
| May 2020 | 0.000% | -0.441 pp | +0.000 pp | -0.652 pp | -0.561 pp | -11.3% |
| Apr 2020 | 0.441% | +0.441 pp | -0.105 pp | -0.258 pp | -0.237 pp | -26.4% |
| Mar 2020 | 0.000% | -0.000 pp | -0.623 pp | -0.644 pp | -0.684 pp | -41.7% |
| Feb 2020 | 0.000% | -0.545 pp | -0.652 pp | -0.586 pp | -0.693 pp | -21.9% |
| Jan 2020 | 0.546% | -0.078 pp | -0.154 pp | -0.087 pp | +0.127 pp | -18.2% |
| Dec 2019 | 0.623% | -0.029 pp | -0.021 pp | +0.003 pp | +0.222 pp | -3.0% |
| Nov 2019 | 0.653% | -0.047 pp | +0.066 pp | +0.091 pp | +0.247 pp | +1.5% |
| Oct 2019 | 0.699% | +0.055 pp | +0.067 pp | +0.022 pp | +0.299 pp | -5.0% |
| Sep 2019 | 0.644% | +0.058 pp | +0.023 pp | -0.040 pp | +0.207 pp | -18.0% |
| Aug 2019 | 0.586% | -0.046 pp | +0.024 pp | -0.107 pp | +0.126 pp | -28.7% |
| Jul 2019 | 0.633% | +0.012 pp | -0.045 pp | +0.214 pp | -0.216 pp | -25.2% |
| Jun 2019 | 0.621% | +0.059 pp | -0.063 pp | +0.219 pp | -0.183 pp | -22.9% |
| May 2019 | 0.562% | -0.116 pp | -0.132 pp | +0.156 pp | -0.306 pp | -35.9% |
| Apr 2019 | 0.678% | -0.006 pp | +0.259 pp | +0.277 pp | -0.149 pp | -20.3% |
| Mar 2019 | 0.684% | -0.010 pp | +0.282 pp | +0.247 pp | -0.071 pp | -9.0% |
| Feb 2019 | 0.694% | +0.275 pp | +0.288 pp | +0.234 pp | +0.005 pp | +1.0% |
| Jan 2019 | 0.419% | +0.017 pp | +0.019 pp | -0.430 pp | -0.310 pp | +3.0% |
| Dec 2018 | 0.401% | -0.004 pp | -0.035 pp | -0.402 pp | -0.327 pp | -1.6% |
| Nov 2018 | 0.405% | +0.005 pp | -0.055 pp | -0.462 pp | -0.323 pp | -0.8% |
| Oct 2018 | 0.400% | -0.036 pp | -0.449 pp | -0.426 pp | -0.328 pp | +10.6% |
| Sep 2018 | 0.437% | -0.023 pp | -0.367 pp | -0.319 pp | -0.292 pp | +18.5% |
| Aug 2018 | 0.460% | -0.389 pp | -0.408 pp | -0.229 pp | -0.268 pp | +24.0% |
| Jul 2018 | 0.849% | +0.045 pp | +0.023 pp | +0.121 pp | +0.121 pp | +25.6% |
| Jun 2018 | 0.804% | -0.064 pp | +0.049 pp | +0.075 pp | +0.075 pp | +17.6% |
| May 2018 | 0.868% | +0.041 pp | +0.179 pp | +0.139 pp | +0.139 pp | +26.2% |
| Apr 2018 | 0.827% | +0.071 pp | +0.098 pp | +0.098 pp | +0.098 pp | +18.2% |
| Mar 2018 | 0.755% | +0.066 pp | +0.027 pp | +0.027 pp | +0.027 pp | +4.7% |
| Feb 2018 | 0.689% | -0.040 pp | -0.040 pp | -0.040 pp | -0.040 pp | -3.6% |
| Jan 2018 | 0.728% | +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.