ConocoPhillips is the largest U.S. independent E&P firm. Both Devon and Occidental focus exclusively on onshore projects. [Attractive Valuations on oil ETFs]
Investors can access these relatively steadier hands with an array of ETFs, including the $1 billion iShares U.S. Energy ETF (NYSEArca: IYE). IYE has not been much to write home about lately, but its 15.3% three-month decline is better than that of oil futures.
ConocoPhillips, Occidental, EOG and Devon combine for 12.5% of IYE’s weight. S&P Capital IQ has an overweight rating on the ETF.
iShares U.S. Energy ETF
