The S&P Oil & Gas Exploration ETF (XOP.US) is an exchange-traded fund that tracks the performance of companies in the oil and gas exploration industry. It was designed by S&P Dow Jones Indices and was first introduced in 1995.With a current market cap of $3.06 billion, it provides investors with exposure to the broader oil and gas sector.
The ETF aims to replicate the performance of the S&P Oil & Gas Exploration & Production Select Industry Index. It was created to provide investors with a diversified portfolio of oil and gas exploration companies. It offers a convenient way for investors to gain exposure to the oil and gas industry without having to purchase individual stocks.
The share price history of S&P Oil & Gas Exp has witnessed significant fluctuations over the past five years, influenced by factors such as oil prices, global energy demand, and market sentiment.
Its highest recorded price within the last five years was $181.80 in July 2018, reflecting a surge in oil prices and positive sentiment towards the oil and gas exploration industry. Conversely, the lowest recorded price dipped to $8.03 in March 2020, potentially due to periods of low oil prices or concerns about the energy sector.
Its share price history has been influenced by factors such as geopolitical events, supply and demand dynamics, and regulatory changes impacting the oil and gas industry. It's important to note that the trajectory of S&P Oil & Gas Exp's share price may change rapidly due to various market and industry factors. Investors should thus exercise caution and conduct thorough research before considering investing.
Before trading the S&P Oil & Gas Exploration ETF, it's worth considering the following competitors in the oil and gas exploration industry:
- Energy Select Sector SPDR Fund (XLE.US): This ETF tracks the performance of companies in the energy sector, including oil and gas exploration and production companies.
- SPDR S&P Oil & Gas Equipment & Services ETF (XES.US): This ETF focuses on companies that provide equipment, services, and technology to the oil and gas industry, offering exposure to a different segment of the market.
- VanEck Vectors Oil Services ETF (OIH): Focuses on oil and gas service providers offering drilling, equipment, and engineering services.
Considering these competitors may help investors assess the broader market trends and performance of different segments within the oil and gas exploration industry before making trading decisions related to the S&P Oil & Gas Exploration ETF.
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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
Why Trade [[data.name]]
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