The SPDR XOP ETF follows an equal-weight methodology, with the largest holding accounting for 1.6% of the overall portfolio.
Looking at the energy sector, Anadarko Petroleum (NYSE: APC) was found liable for between $5 billion and $14 billion in damages after having fraudulently spun out Tronox before the latter’s bankruptcy, reports Ben Levisohn for Barron’s. APC is 1.3% of XOP, 2.4% of VDE and 6.4% of IEO.
On the other hand, Barclay’s Thomas Driscoll and team like EOG Resources (NYSE: EOG), which accounts for 2.4% of VDE, 1.4% of XOP and 7.2% of IEO, as the company focuses on the Eagleford and Bakken shale beds to increase oil production, Barron’s reports. [Energy ETFs Look to Establish Leadership]
Vanguard Energy ETF
For more information on the energy sector, visit our energy category.