With over 28% of its combined allocated to Exxon and Chevron (NYSE: CVX), XLE has significant integrated oil exposure. Additionally, the largest energy ETF has robust refiners exposure, a critical element at a time when refiners are proving durable relative to other energy names. Refiners account for nearly 11% of XLE’s weight.
S&P Capital IQ has a marketweight rating on XLE.
Energy Select Sector SPDR
