XLE / Energy ETFs Could Gain Momentum as Oil Market Fundamentals Shift

Exxon Mobil and Chevron's massive acquisitions signal a significant shift and consolidation within the energy sector. XLE appears investible as its co more_horizontal

XLE is heavily concentrated in Exxon and Chevron, making up 40% of the portfolio. EBITDA growth is expected to be slow at 3% due to weak production ex more_horizontal

Energy Select Sector SPDR Fund has been one of the best-performing ETFs, offering a total return of 232.34% since October 2020. The fund is heavily co more_horizontal

Energy, Basic Materials, and Consumer Non-Cyclicals sectors earn an Attractive-or-better rating at the beginning of 4Q23. more_horizontal

Ben Salisbury, director of research & senior policy analyst at Height Capital Markets, joins 'Squawk on the Street' to discuss the important elements more_horizontal

The Energy sector experienced a remarkable revival over the past three months, with the XLE ETF surging towards its September 2023 highs. A steep reve more_horizontal

Kevin Book, Clearview Energy Partners managing director of research, joins 'Power Lunch' to discuss Israel's oil capacity amid the war, Saudi Arabia's more_horizontal

Oil prices are trending up today after Hamas – the Palestinian militant organisation launched an attack on Israel over the weekend. more_horizontal