Some strategists are forecasting further downside ahead for the sector that's tethered closely to oil prices.
After crude drops twenty percent in a six month period as it's on pace to do, Halliburton, Chevron and Exxon Mobil tend to outperform.
Dan Pickering, Tudor, Pickering, Holt & Co. president and head of TPH Asset Managment, discusses the collapse in oil prices and investing in the energy sector.
Many analysts are still forecasting average oil prices of $60 this year. It is now abundantly clear that is not going to happen.
Oil has fallen more than twenty percent in six months eight times since 2005. According to our data partners at Kensho when that happens Halliburton is the big winner a month later up eight percent on average. Chevron, Exxon Mobil and Schlumberger post solid gains. For more on Kensho go to CNBC.com/pro
Some of the names on the move ahead of the open.
Oil and gasoline prices should be rising, but they have fallen over the last two weeks, N.Y. Times reports.
Jim Cramer finds that the price of crude will only get a significant bump when deep-water wells run out.
CNBC's Dominic Chu talks about the top movers & draggers in the Dow intraday, including Apple and Chevron.
Jim Cramer finds that the price of crude will only get a significant bump when deepwater wells run out.
If President Donald Trump pulls out of the Paris Agreement, he will be doing so over the objection of many business leaders.
President Donald Trump is expected to pull out of the Paris climate agreement, multiple news organization are reporting.
The “Fast Money Halftime Report” traders discuss today's call of the day, Chevron.
The S&P energy sector trades roughly in line with the index a month after OPEC rolls over policy, but a few stocks outperform.
The Dow lost three tenths of a percent and the S&P 500 and Nasdaq both gained about half of one percent.
S&P 500 and Nasdaq both gained about half of one percent.
Oil prices fell to their lowest levels this year after mixed U.S. inventory data raised concerns about a persistent global crude glut.
The market may have doubts OPEC will extend its production cuts, but Continental Resources CEO Harold Hamm is certain they will continue.
BP beat analyst expectations on Tuesday as higher oil prices and increased production helped improve the oil giant's bottom line.
Chevron CEO John Watson said the oil industry needs contributions from many sources beyond U.S. shale to meet future demand growth.