ENERGY SECTOR'S WINNER

摘要

Crude oil prices have plummeted over the last year. The U.S. Oil exchange trade fund (USO) declined 60% in the last year and 28% in the three-month period ending Aug. 18. Beyond oil companies, we can see that the Energy Select Sector SPDR ETF (XLE) is down 30% in the last year as well. As the price of oil has deteriorated, so have the major oil drillers and explorers. Exxon Mobil (XOM) is down 22%, ConocoPhillips (COP) is down 40% and Chevron (CVX) is down 35% in the last year. Every stock has been a loser, or have they?