EXXONMOBIL HOLDINGS CORP and CONOCOPHILLIPS moved almost identically (+17.70% vs +19.63%), yet XOM moved the XLE 2.9× as much. In a cap-weighted index, the bigger company's weight turns the same percentage move into far more points.
Attribution map
slicing the +8.35 pt move · cell size = points contributed · color = direction, intensity = return
XOM+1.9 pts(+17.7%)
CVX+1.6 pts(+17.4%)
MPC+1.2 pts(+53.7%)
VLO+1.1 pts(+47.2%)
PSX+1.0 pts(+41.0%)
COP+0.7 pts(+19.6%)
SLB+0.2 pts
DVN+0.1 pts
EOG
APA
OXY+0.1 pts
KMI+0.1 pts
TRGP+0.1 pts
EQT
Concentration curve
cumulative share of the +8.35 pt move · sorted by contribution
When they drove it
cumulative points through the period
Breadth
member returns, this period
−20%0%+20%+40%
From −11.66% (TPL) to +53.69% (MPC). Equal-weight, the XLE would be +11.39% vs the actual +14.72%; the gap is what cap weighting did.
By sector
point contribution · sums to +8.35 pts
-21
+8.3
The year, session by session
every trading day of 2026 · hover for the move
JANFEBMARAPRMAYJUNJULAUGSEPOCT
Share this move
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Energy · Select Sector
What moved the market
3M · OCT 9, 2026
+14.72%
+8.4 pts · closed 65.09
16 of 21 rose · 5 fell
XOM+17.7%
+1.9
CVX+17.4%
+1.6
MPC+53.7%
+1.2
VLO+47.2%
+1.1
PSX+41.0%
+1.0
FANG+0.8%
−0.0
WMB−2.4%
−0.0
HAL−7.6%
−0.1
TPL−11.7%
−0.1
Broad advance · XOM led at +1.92 ptsWMTMT.COM
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