This year, Royal Dutch Shell stock (RDS.A) has risen just 0.3%. It has not done as well as BP stock (BP), which has risen 1.6%.
Institutional holdings in energy stocks changed a lot in the third quarter. Some bought leading energy stocks, while others bought some and sold others.
ExxonMobil stock has fallen 3.0% so far in Q4. However, Chevron, Royal Dutch Shell, and BP have risen 2.8%, 0.5%, and 2.6%, respectively.
Integrated energy stocks ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP) have been rising in the current quarter.
BP has the highest correlation coefficient of 0.60 with WTI, followed by Shell at 0.57. Meanwhile, ExxonMobil and Chevron have relatively low correlations.
ExxonMobil and Chevron surprised markets with strong third-quarter earnings results on Friday. Their adjusted EPS beat analysts' estimates.