21 members · detractors first · 3Y · residual 6002.2bp exceeds 60bp gate
The XLE fell 30.11% (−26.74 pts) over three years, but 18 of 21 members went the other way. SLB and OXY dragged the tape lower, accounting for 13% of the decline.
CONOCOPHILLIPS and EOG RESOURCES INC moved almost identically (+22.75% vs +24.02%), yet COP moved the XLE 20.1× 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 −26.74 pt move · cell size = points contributed · color = direction, intensity = return
TRGP+3.7 pts(+259.5%)
MPC+3.5 pts(+159.7%)
VLO+3.0 pts(+176.1%)
KMI+2.9 pts(+107.2%)
WMB+2.9 pts(+130.0%)
PSX+2.4 pts(+127.7%)
SLB−2.3 pts(−0.9%)
OKE+1.5 pts(+61.0%)
CVX+1.3 pts(+39.6%)
BKR+1.2 pts(+86.1%)
COP+1.2 pts(+22.8%)
FANG+1.1 pts(+49.9%)
XOM+0.9 pts(+8.6%)
OXY−0.8 pts
EQT+0.5 pts(+29.1%)
TPL+0.5 pts(+81.6%)
HAL−0.4 pts
EXE
Concentration curve
cumulative share of the −26.74 pt move · sorted by contribution
When they drove it
cumulative points through the period
Breadth
member returns, this period
−50%+50%+150%+250%
From −8.13% (HAL) to +259.49% (TRGP). Equal-weight, the XLE would be +67.30% vs the actual −30.11%; the gap is what cap weighting did.
By sector
point contribution · sums to −26.74 pts
-21
+22.9
The year, session by session
every trading day of 2026 · hover for the move
JANFEBMARAPRMAYJUNJULAUG
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Energy · Select Sector
What moved the market
3Y · AUG 25, 2026
−30.11%
−26.7 pts · closed 62.07
18 of 21 rose · 3 fell
TRGP+259.5%
+3.7
MPC+159.7%
+3.5
VLO+176.1%
+3.0
KMI+107.2%
+2.9
WMB+130.0%
+2.9
DVN+3.2%
−0.1
APA+4.0%
−0.2
HAL−8.1%
−0.4
OXY−3.9%
−0.8
SLB−0.9%
−2.3
SLB sank a split tape · 18 of 21 went the other wayWMTMT.COM
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