(XES) S&P Oil & Gas Equipment - Overview
ETF Category: Equity Energy | Exchange: NYSE ARCA (USA) | Market Cap: 623m USD | Total Return: 120.2% in 12m
Avg Turnover: 15.9M
Warnings
Fakeout
Tailwinds
Leader, Tailwind, Pullback 52w
XES is an exchange-traded fund designed to track the S&P Oil & Gas Equipment & Services Select Industry Index. The fund employs a sampling strategy, typically allocating at least 80% of its assets to securities within the index, which represents the equipment and services sub-sector of the broader S&P Total Market Index.
Companies in this sector provide the physical infrastructure, drilling technology, and technical personnel required for hydrocarbon extraction. Unlike exploration and production firms, these businesses operate on a fee-for-service or equipment-rental model, making their revenue highly sensitive to the capital expenditure cycles of major energy producers. You can further analyze these cyclical valuation trends by exploring the data on ValueRay.
- Global upstream capital expenditure levels dictate demand for drilling services
- Fluctuations in crude oil prices influence exploration and production budgets
- U.S. shale rig counts drive domestic equipment utilization rates
- Shift toward offshore projects impacts long-term service contract backlogs
- Environmental regulations on hydraulic fracturing affect domestic operational costs
As of May 24, 2026, the stock is trading at USD 130.01 with a total of 63,409 shares traded.
Over the past week, the price has changed by -0.04%,
over one month by +5.14%,
over three months by +16.22% and
over the past year by +120.18%.
S&P Oil & Gas Equipment has no consensus analysts rating.