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WHAT MOVED THE MARKET TODAY
DAILY NOTES

Energy · Select Sector

21 stocks · cap-weighted, ETF-derived weights · Aug 25, 2026 close
62.07
+6.97 (+12.65%)
XLE 62.07 · +7.0 pts (+12.65%) 6M
1D1W1MQTD3M6MYTD1Y2Y3Y5Y
66.0462.5158.9955.4751.94EW +15.15%H 63.75 · Aug 20L 52.81 · Jul 1
Feb 24Apr 10May 26Jul 13Aug 25
Breadth
14 / 21
stocks rose with the index
Concentration
72%
of the gain from MPC, VLO, PSX
Biggest driver
MPC +1.80
MARATHON PETROLEUM CORP, +82.43%
Biggest drag
BKR −0.32
BAKER HUGHES CO, −4.16%

What drove it

21 members · drivers first · 6M · residual 236.1bp exceeds 60bp gate

The XLE rose 12.65% (+6.97 pts) over the past six months, and 72% 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

+8.2 pts from 13 gainers−1.4 pts from 8 losers
net +7.0 pts · gainers outweigh losers 5.9 to 1
Stock
Points
Return
XLEsum of all 21 stocks
+7.0
100%
+12.65%
MPCMARATHON PETROLEUM CORP
+1.8
26%
+82.43%
VLOVALERO ENERGY CORP
+1.7
24%
+71.61%
PSXPHILLIPS 66
+1.5
22%
+54.47%
XOMEXXONMOBIL HOLDINGS CORP
+0.9
12%
+8.60%
COPCONOCOPHILLIPS
+0.4
6%
+20.08%
EOGEOG RESOURCES INC
+0.4
5%
+19.59%
CVXCHEVRON CORP
+0.4
5%
+8.83%
TRGPTARGA RESOURCES CORP
+0.3
4%
+24.43%
FANGDIAMONDBACK ENERGY INC
+0.3
4%
+17.18%
OXYOCCIDENTAL PETROLEUM CORP
+0.2
3%
+13.50%
DVNDEVON ENERGY CORP
+0.2
3%
+9.77%
APAAPA CORP
+0.2
3%
+45.43%
OKEONEOK INC
+0.1
1%
+11.93%
SLBSLB LTD
−0.0
0%
+3.33%
HALHALLIBURTON CO
−0.0
−1%
−4.67%
EQTEQT CORP
−0.1
−1%
−7.31%
EXEEXPAND ENERGY CORP
−0.1
−2%
−7.21%
KMIKINDER MORGAN INC
−0.2
−2%
−2.68%
TPLTEXAS PACIFIC LAND CORP
−0.3
−4%
−29.78%
WMBWILLIAMS COS INC
−0.3
−5%
−1.89%
BKRBAKER HUGHES CO
−0.3
−5%
−4.16%
Cap weighting, illustrated

BAKER HUGHES CO and HALLIBURTON CO moved almost identically (−4.16% vs −4.67%), yet BKR moved the XLE 7.6× 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 +6.97 pt move · cell size = points contributed · color = direction, intensity = return
MPC+1.8 pts(+82.4%)
VLO+1.7 pts(+71.6%)
PSX+1.5 pts(+54.5%)
XOM+0.9 pts(+8.6%)
COP+0.4 pts
EOG+0.4 pts
CVX+0.4 pts
BKR−0.3 pts(−4.2%)
WMB−0.3 pts(−1.9%)
TRGP+0.3 pts(+24.4%)
FANG+0.3 pts(+17.2%)
TPL−0.3 pts(−29.8%)
OXY+0.2 pts(+13.5%)
DVN+0.2 pts(+9.8%)
APA+0.2 pts(+45.4%)
KMI−0.2 pts(−2.7%)
EXE−0.1 pts
EQT
OKE

Concentration curve

cumulative share of the +6.97 pt move · sorted by contribution
0%50%100%5111621stocks:3 stocks = 72%100% covered at 7

When they drove it

cumulative points through the period
0MPC +1.80VLO +1.66PSX +1.54BKR −0.32WMB −0.32TPL −0.25Feb 24Aug 25

Breadth

member returns, this period
−50%−25%0%+25%+50%+75%
From −29.78% (TPL) to +82.43% (MPC). Equal-weight, the XLE would be +15.15% vs the actual +12.65%; the gap is what cap weighting did.

By sector

point contribution · sums to +6.97 pts
-21
+6.8

The year, session by session

every trading day of 2026 · hover for the move
JANFEBMARAPRMAYJUNJULAUG

Share this move

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