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Decoding the Energy Subsectors after the US Election Results

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Nov. 9 2016, Updated 2:53 p.m. ET

Energy subsectors 

Energy subsectors include the following:

  • integrated energy companies such as Chevron (CVX) and ExxonMobil (XOM)
  • oil and gas exploration and production companies such as Apache (APA), Noble Energy (NBL), Chesapeake Energy (CHK), and Continental Resources (CLR)
  • oilfield equipment and services companies such as Schlumberger (SLB) and Baker Hughes (BHI)
  • refining companies such as Phillips 66 (PSX), Tesoro (TSO), and Valero (VLO).
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Producers, or upstream energy

Oil and gas exploration and production companies’ performances have been poor over the trailing-five-day and trailing-one-month periods due to lower crude oil prices.

Companies such as Devon Energy (DVN), Nobel Corporation (NBL), and Marathon Oil (MRO) rose in the last five trailing days. These companies’ year-to-date performances have been very good.

Hess Corporation (HES) has a crude oil production mix of more than 60% of its total production portfolio. Lower crude oil prices following the US elections results could pressure Hess.

The ups and downs in crude oil prices could impact the earnings of oil and gas exploration and production companies such as Chevron, Marathon Oil, Northern Oil & Gas, and Triangle Petroleum (TPLM).

The roller-coaster ride in crude oil prices impacts funds such as the Direxion Daily Energy Bear 3x ETF (ERY), the Fidelity MSCI Energy ETF (FENY), the United States 12 Month Oil ETF (USL), the SPDR S&P Oil & Gas Equipment & Services ETF (XES), the Direxion Daily Energy Bear 3x ETF (ERY), and the United States Brent Oil ETF (BNO).

In the next part of this series, we’ll take a look at the winners among energy subsectors following the US elections results.

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