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Large And Small Oil-And-Gas Stocks See Post-Earnings Bounce

5 21 6
11.08.2022

Energy stocks Schlumberger (NYSE: SLB) and Transocean (NYSE: RIG) boast double-digit year-to-date price gains, part of the overall energy sector's 2022 leadership trend.

These are quite different companies, in terms of size and profile. Together, they offer a glimpse of how various parts of the energy industry are faring at the moment.

After declining in June, the overall energy sector rebounded last month. So far in August, the Energy Select Sector SPDR ETF (NYSEARCA: XLE) is down 4.68%. The ETF tracks the large-cap S&P 500 energy sector. On a rolling one-month basis, the ETF is showing a gain of 5.36%. The discrepancy is due to a pullback the week ended August 5.

Schlumberger is the seventh most heavily weighted stock within the large-cap energy sector, constituting 3.95% of XLE assets. The six more heavily weighted stocks, with their rolling one-month returns, are:

It's easy to see how the sector posted a solid gain.

So what's driving sector performance at this juncture?

Although U.S. drivers are seeing lower prices at the........

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