(XOP) S&P Oil & Gas Exploration - Overview
ETF Category: Equity Energy | Exchange: NYSE ARCA (USA) | Market Cap: 3.466m USD | Total Return: 45.7% in 12m
Avg Turnover: 564M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) tracks the S&P Oil & Gas Exploration & Production Select Industry Index using a sampling strategy. The fund maintains at least 80% of its assets in securities within the index, which represents the upstream segment of the U.S. equity market. Unlike integrated energy firms, companies in this index focus primarily on the high-capital-expenditure stages of locating and extracting crude oil and natural gas.
The upstream sector is characterized by high sensitivity to commodity price fluctuations and heavy reliance on geological surveying and drilling technology. Because the index is equal-weighted, XOP provides broader exposure to mid-cap and small-cap explorers compared to market-cap-weighted energy funds. For a deeper look into individual holdings and valuation metrics, consider reviewing the data on ValueRay. This fund offers a concentrated play on the supply side of the energy value chain, specifically targeting firms involved in the initial phases of fuel production.
- Global crude oil and natural gas price volatility dictates upstream revenue
- Equal-weighted index structure increases exposure to small and mid-cap production growth
- Capital expenditure discipline and shareholder return programs drive valuation multiples
- Federal leasing policies and environmental regulations impact long-term drilling inventory
- Global energy demand shifts and geopolitical tensions influence commodity pricing cycles
As of May 24, 2026, the stock is trading at USD 170.65 with a total of 5,516,322 shares traded.
Over the past week, the price has changed by -1.25%,
over one month by +1.41%,
over three months by +15.49% and
over the past year by +45.71%.
S&P Oil & Gas Exploration has no consensus analysts rating.