Between May 25 and June 1, integrated energy stock Petrobras (PBR) fell the most on our list of energy stocks. On June 1, PBR announced that Ivan de Souza Monteiro would be replacing Pedro Parente as CEO. Our list of energy stocks is shown in the chart below.
Upstream stocks Matador Resources (MTDR) and Concho Resources (CXO) ranked second and third on our list, respectively, in terms of largest losses. On May 29, MTDR announced that it had set its 2018 annual meeting for June 7.
Oilfield service stocks Superior Energy Services (SPN) and Patterson-UTI Energy (PTEN) had the fourth- and fifth-largest losses on our list, while the VanEck Vectors Oil Services ETF (OIH) fell 0.1%—the only decline among major energy subsector ETFs.
Energy commodities and the broader market
Last week, US crude oil July futures fell 3%, while natural gas July futures were almost unchanged. The S&P 500 (SPY) rose 0.5%. Therefore, the five energy stocks with the largest losses underperformed energy commodities and the equity market.