Energy Stocks
Top 10 of 21 XLE holdings, updated
As of 12 October 2026, energy stocks are losing ground: still ahead of the S&P 500 over the longer run, but behind over the past month. XLE trails the S&P 500 by 0.1 points over one month and ranks #20 of 115 groups Zensei tracks. 7 of the 21 energy stocks Zensei prices in XLE beat the fund this month.
Where energy stocks stand now
As of 12 October 2026, Energy (XLE) ranks #20 of the 115 groups Zensei tracks by one-month return against the S&P 500. It is losing its lead. It built a 12.8-point advantage over the S&P 500 across the longer, time-shifted window, but over the past month it has slipped 0.1 points behind the market — the Cooling quadrant of the rotation map.
On the shorter tape, XLE's momentum reads strong: the recent hourly trend is positive across every lookback Zensei measures. XLE's relative-strength line — its price ratio against the S&P 500 — is trading above its moving averages, the healthiest configuration we track. The two signals agree — the short-term tape and the longer trend point the same way.
The exposure comes via Energy Select Sector SPDR, whose 21 tracked holdings are led by Exxonmobil Holdings Corp, Chevron Corp and Conocophillips. Weighted by portfolio, the fund's holdings trade at roughly 18.5× earnings. The thing to watch from here is whether this is a pause or a handoff: cooling groups sometimes reset and reclaim leadership, but a deepening one-month deficit usually means rotation has moved on.
Top energy stocks right now
The largest energy stocks by weight in XLE, and the strongest over the past month. Size and recent return are measurements, not recommendations.
Largest by fund weight
Share of XLE
- 1Exxonmobil Holdings CorpXOM23.5%
- 2Chevron CorpCVX17.6%
- 3ConocophillipsCOP6.8%
- 4Marathon Petroleum CorpMPC5.1%
- 5Valero Energy CorpVLO5.0%
Strongest this month
1-month return, holdings Zensei prices
- 1Marathon Petroleum CorpMPC+15.9%
- 2Valero Energy CorpVLO+11.7%
- 3Phillips 66PSX+8.5%
- 4Kinder Morgan IncKMI+7.2%
- 5Apa CorpAPA+4.7%
Energy Stocks vs the S&P 500
Over the week to 12 October 2026, XLE rose 4.1% while the S&P 500 rose 0.4%. XLE and SPY (the S&P 500) over every window Zensei tracks. The spread is the difference: positive means XLE won that window.
Prices as of · computed from daily adjusted closes · how we measure
Energy on the rotation map, against the 11 broad S&P 500 sectors. Vertical: 1-month spread vs the S&P 500. Horizontal: the longer, time-shifted window.
Are energy stocks expensive?
The price-to-earnings ratio of XLE as a whole: the total price of its holdings over their total earnings, weighted by share of the fund. Holdings that lose money are left out.
XLE holdings: the energy stocks inside
As of 12 October 2026, 7 of the 21 energy stocks Zensei prices in XLE beat the fund over the past month. 7 of them beat the S&P 500. The strongest is Marathon Petroleum Corp (MPC); the weakest is Slb Ltd (SLB). Inside the fund, one or two outliers drive most of the move.
| # | Holding | Weight | 1M | 3M | vs fund 1M | Momentum | RS health |
|---|---|---|---|---|---|---|---|
| 1 | XOMExxonmobil Holdings Corp | 23.5% | +3.7% | +19.9% | +1.7 pts | Strong | Strong |
| 2 | CVXChevron Corp | 17.6% | +0.4% | +19.0% | −1.5 pts | Weak | Broken |
| 3 | COPConocophillips | 6.8% | +0.2% | +22.7% | −1.8 pts | Weak | Strong |
| 4 | MPCMarathon Petroleum Corp | 5.1% | +15.9% | +55.0% | |||
| 5 | VLOValero Energy Corp | 5.0% | +11.7% | +48.0% | |||
| 6 | PSXPhillips 66 | 4.8% | +8.5% | +42.7% | |||
| 7 | WMBWilliams Companies Inc | 4.4% | +1.8% | +0.3% | |||
| 8 | EOGEog Resources Inc | 3.9% | +2.1% | +8.6% | |||
| 9 | SLBSlb Ltd | 3.7% | −13.0% | +3.5% | |||
| 10 | KMIKinder Morgan Inc | 3.2% | +7.2% | +3.6% |
All 21 XLE holdings by weight: Exxonmobil Holdings Corp (XOM) 23.5%, Chevron Corp (CVX) 17.6%, Conocophillips (COP) 6.8%, Marathon Petroleum Corp (MPC) 5.1%, Valero Energy Corp (VLO) 5.0%, Phillips 66 (PSX) 4.8%, Williams Companies Inc (WMB) 4.4%, Eog Resources Inc (EOG) 3.9%, Slb Ltd (SLB) 3.7%, Kinder Morgan Inc (KMI) 3.2%, Targa Resources Corp (TRGP) 3.1%, Oneok Inc (OKE) 2.9%, Baker Hughes Co (BKR) 2.8%, Devon Energy Corp (DVN) 2.7%, Occidental Petroleum Corp (OXY) 2.2%, Diamondback Energy Inc (FANG) 1.9%, Eqt Corp (EQT) 1.7%, Halliburton Co (HAL) 1.4%, Texas Pacific Land Corp (TPL) 1.1%, Expand Energy Corp (EXE) 1.1%, Apa Corp (APA) 0.8%.
Energy Stocks: common questions
What are the top 3 energy stocks?
As of 12 October 2026, the three largest energy stocks in XLE by fund weight are Exxonmobil Holdings Corp (XOM) (23.5%), Chevron Corp (CVX) (17.6%) and Conocophillips (COP) (6.8%). Fund weight shows size inside the fund, not a recommendation.
Which energy stocks are beating the sector?
As of 12 October 2026, 7 of the 21 energy stocks Zensei prices in XLE beat the fund over the past month. The strongest over the past month is Marathon Petroleum Corp (MPC). The list above shows every holding with its weight and returns.
Are energy stocks outperforming the S&P 500?
No. As of 12 October 2026, XLE trails the S&P 500 by 0.1 points over the past month.
Is it a good time to invest in energy stocks?
Zensei does not give investment advice, but it measures the trend. As of 12 October 2026, energy stocks are ahead of the S&P 500 over the longer window but behind over the past month, a fading lead. The rotation map and the read on this page show whether that trend is building or fading.
What is XLE?
XLE is Energy Select Sector SPDR. Zensei uses it to measure energy stocks against the S&P 500 (SPY).
What stocks does XLE own?
As of 12 October 2026, the largest of the 21 positions Zensei tracks in XLE are Exxonmobil Holdings Corp, Chevron Corp, Conocophillips, Marathon Petroleum Corp, Valero Energy Corp. Each position measured against the fund, with momentum and relative strength, comes with a free Zensei account.
What quadrant is energy in right now?
As of 12 October 2026, energy is in the Cooling quadrant — still ahead over the longer window, but behind the market over the past month. The Zensei methodology page explains the quadrants.
Recent changes
- ·Beating the market → losing ground
- ·Losing ground → beating the market
- ·First tracked: losing ground
Related sectors
Track energy against the whole market
Zensei Edge maps 100+ sectors and themes against the S&P 500 — with the stocks inside each one, rotation history and alerts when leadership changes hands.