XLE · WMTMT

May 26Jun 17Jul 13Aug 3Aug 25

Breadth

14 / 21

stocks rose with the index

Concentration

75%

of the gain from MPC, VLO, PSX

Biggest driver

MPC +1.08

MARATHON PETROLEUM CORP, +43.08%

Biggest drag

BKR −0.26

BAKER HUGHES CO, −7.36%

What drove it

21 members · drivers first · 3M · residual 21.4bp within 60bp gate

The XLE rose 7.29% (+4.22 pts) over the past three months, and 75% of that gain came from just three stocks: MPC, VLO, PSX.

Read the latest market-close note: Nvidia and Goldman Sachs Lead a Narrow Advance as Energy and Staples Slide

+5.4 pts from 11 gainers−1.1 pts from 10 losers

net +4.2 pts · gainers outweigh losers 4.7 to 1

Stock

Points

Return

XLEsum of all 21 stocks

+4.2

+7.29%

MPCMARATHON PETROLEUM CORP

+1.1

+43.08%

VLOVALERO ENERGY CORP

+1.1

+40.97%

PSXPHILLIPS 66

+1.0

+36.17%

XOMEXXONMOBIL HOLDINGS CORP

+0.9

+8.60%

CVXCHEVRON CORP

+0.8

+8.23%

COPCONOCOPHILLIPS

+0.3

+13.10%

EOGEOG RESOURCES INC

+0.1

+7.80%

TRGPTARGA RESOURCES CORP

+0.1

+6.32%

APAAPA CORP

+0.0

+10.27%

DVNDEVON ENERGY CORP

+0.0

+4.71%

FANGDIAMONDBACK ENERGY INC

+0.0

+2.44%

OXYOCCIDENTAL PETROLEUM CORP

−0.0

+2.12%

OKEONEOK INC

−0.0

+1.39%

EXEEXPAND ENERGY CORP

−0.0

+0.12%

TPLTEXAS PACIFIC LAND CORP

−0.0

−6.74%

EQTEQT CORP

−0.1

−3.96%

KMIKINDER MORGAN INC

−0.1

−4.09%

SLBSLB LTD

−0.2

−7.59%

WMBWILLIAMS COS INC

−0.2

−6.21%

HALHALLIBURTON CO

−0.2

−17.36%

BKRBAKER HUGHES CO

−0.3

−7.36%

Cap weighting, illustrated

BAKER HUGHES CO and TEXAS PACIFIC LAND CORP moved almost identically (−7.36% vs −6.74%), yet BKR moved the XLE 9.5× 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 +4.22 pt move · cell size = points contributed · color = direction, intensity = return

MPC+1.1 pts(+43.1%)

VLO+1.1 pts(+41.0%)

PSX+1.0 pts(+36.2%)

XOM+0.9 pts(+8.6%)

CVX+0.8 pts(+8.2%)

COP+0.3 pts

BKR−0.3 pts(−7.4%)

HAL−0.2 pts(−17.4%)

WMB−0.2 pts(−6.2%)

SLB−0.2 pts(−7.6%)

EOG+0.1 pts

KMI

TRGP

EQT

TPL

Concentration curve

cumulative share of the +4.22 pt move · sorted by contribution

When they drove it

cumulative points through the period

Breadth

member returns, this period

−20%0%+20%+40%

From −17.36% (HAL) to +43.08% (MPC). Equal-weight, the XLE would be +5.94% vs the actual +7.29%; the gap is what cap weighting did.

By sector

point contribution · sums to +4.22 pts

-21

+4.2

The year, session by session

every trading day of 2026 · hover for the move

JANFEBMARAPRMAYJUNJULAUG

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What drove it

Attribution map

Concentration curve

When they drove it

Breadth

By sector

The year, session by session

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