Oil and Gas Stocks
Top 10 of 51 XOP holdings, updated
As of 12 October 2026, oil and gas stocks are losing ground: still ahead of the S&P 500 over the longer run, but behind over the past month. XOP trails the S&P 500 by 2.4 points over one month and ranks #38 of 115 groups Zensei tracks. 18 of the 51 oil and gas stocks Zensei prices in XOP beat the fund this month.
Where oil and gas stocks stand now
As of 12 October 2026, Oil & Gas Exploration & Production (XOP) ranks #38 of the 115 groups Zensei tracks by one-month return against the S&P 500. It is losing its lead. It built a 16.5-point advantage over the S&P 500 across the longer, time-shifted window, but over the past month it has slipped 2.4 points behind the market — the Cooling quadrant of the rotation map.
On the shorter tape, XOP's momentum reads strong: the recent hourly trend is positive across every lookback Zensei measures. XOP'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 SPDR S&P Oil & Gas Exploration & Production ETF, whose 51 tracked holdings are led by Marathon Petroleum Corp, Pbf Energy Inc and Valero Energy Corp. Weighted by portfolio, the fund's holdings trade at roughly 11.8× 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 oil and gas stocks right now
The largest oil and gas stocks by weight in XOP, and the strongest over the past month. Size and recent return are measurements, not recommendations.
Largest by fund weight
Share of XOP
- 1Marathon Petroleum CorpMPC3.0%
- 2Pbf Energy IncPBF3.0%
- 3Valero Energy CorpVLO3.0%
- 4Hf Sinclair CorpDINO2.9%
- 5Phillips 66PSX2.9%
Strongest this month
1-month return, holdings Zensei prices
- 1Cvr Energy IncCVI+18.5%
- 2Marathon Petroleum CorpMPC+15.9%
- 3Hf Sinclair CorpDINO+14.0%
- 4Valero Energy CorpVLO+11.7%
- 5Pbf Energy IncPBF+8.6%
Oil and Gas Stocks vs the S&P 500
Over the week to 12 October 2026, XOP rose 3.7% while the S&P 500 rose 0.4%. XOP and SPY (the S&P 500) over every window Zensei tracks. The spread is the difference: positive means XOP won that window.
Prices as of · computed from daily adjusted closes · how we measure
Oil & Gas Exploration & Production 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 oil and gas stocks expensive?
The price-to-earnings ratio of XOP 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.
XOP holdings: the oil and gas stocks inside
As of 12 October 2026, 18 of the 51 oil and gas stocks Zensei prices in XOP beat the fund over the past month. 13 of them beat the S&P 500. The strongest is Cvr Energy Inc (CVI); the weakest is Sable Offshore Corp (SOC). Inside the fund, one or two outliers drive most of the move.
| # | Holding | Weight | 1M | 3M | vs fund 1M | Momentum | RS health |
|---|---|---|---|---|---|---|---|
| 1 | MPCMarathon Petroleum Corp | 3.0% | +15.9% | +55.0% | +16.2 pts | Cruising | Strong |
| 2 | PBFPbf Energy Inc | 3.0% | +8.6% | +48.6% | +8.9 pts | Pulling back | Holding |
| 3 | VLOValero Energy Corp | 3.0% | +11.7% | +48.0% | +12.0 pts | Cruising | Strong |
| 4 | DINOHf Sinclair Corp | 2.9% | +14.0% | +51.4% | |||
| 5 | PSXPhillips 66 | 2.9% | +8.5% | +42.7% | |||
| 6 | PARRPar Pacific Holdings Inc | 2.8% | −1.7% | +17.3% | |||
| 7 | DKDelek US Holdings Inc Registered Shs Stock Settlement | 2.7% | +1.7% | +33.9% | |||
| 8 | XOMExxonmobil Holdings Corp | 2.7% | +3.7% | +19.9% | |||
| 9 | EOGEog Resources Inc | 2.7% | +2.1% | +8.6% | |||
| 10 | APAApa Corp | 2.7% | +4.7% | +36.0% |
All 51 XOP holdings by weight: Marathon Petroleum Corp (MPC) 3.0%, Pbf Energy Inc (PBF) 3.0%, Valero Energy Corp (VLO) 3.0%, Hf Sinclair Corp (DINO) 2.9%, Phillips 66 (PSX) 2.9%, Par Pacific Holdings Inc (PARR) 2.8%, Delek US Holdings Inc Registered Shs Stock Settlement (DK) 2.7%, Exxonmobil Holdings Corp (XOM) 2.7%, Eog Resources Inc (EOG) 2.7%, Apa Corp (APA) 2.7%, Devon Energy Corp (DVN) 2.7%, Murphy Oil Corp (MUR) 2.6%, Eqt Corp (EQT) 2.6%, Chevron Corp (CVX) 2.6%, Ovintiv Inc (OVV) 2.6%, Range Resources Corp (RRC) 2.6%, Conocophillips (COP) 2.6%, Occidental Petroleum Corp (OXY) 2.6%, Crescent Energy Co (CRGY) 2.6%, Permian Resources Corp (PR) 2.6%, Sm Energy Co (SM) 2.5%, Texas Pacific Land Corp (TPL) 2.5%, Diamondback Energy Inc (FANG) 2.5%, Chord Energy Corp (CHRD) 2.5%, Antero Resources Corp (AR) 2.5%, Expand Energy Corp (EXE) 2.5%, Viper Energy Inc (VNOM) 2.5%, Cnx Resources Corp (CNX) 2.5%, Magnolia Oil & Gas Corp (MGY) 2.4%, Matador Resources Co (MTDR) 2.4%, Venture Global Inc (VG) 2.3%, Northern Oil & Gas Inc (NOG) 2.0%, Calumet Inc (CLMT) 2.0%, Gulfport Energy Corp (GPOR) 1.9%, California Resources Corp (CRC) 1.9%, World Kinect Corp (WKC) 1.5%, Talos Energy Inc (TALO) 1.3%, Kosmos Energy Ltd (KOS) 1.2%, Cvr Energy Inc (CVI) 1.1%, Comstock Resources Inc (CRK) 0.8%, Green Plains Inc (GPRE) 0.8%, Bkv Corp (BKV) 0.7%, Diversified Energy Co (DEC) 0.5%, Sable Offshore Corp (SOC) 0.5%, Rex American Resources Corp (REX) 0.4%, Vitesse Energy Inc (VTS) 0.4%, Riley Exploration Permian Inc (REPX) 0.3%, Vaalco Energy Inc (EGY) 0.3%, New Era Energy & Digital Inc (NUAI) 0.3%, Sandridge Energy Inc (SD) 0.2%, Gevo Inc (GEVO) 0.2%.
Oil and Gas Stocks: common questions
What are the top 3 oil and gas stocks?
As of 12 October 2026, the three largest oil and gas stocks in XOP by fund weight are Marathon Petroleum Corp (MPC) (3.0%), Pbf Energy Inc (PBF) (3.0%) and Valero Energy Corp (VLO) (3.0%). Fund weight shows size inside the fund, not a recommendation.
Which oil and gas stocks are beating the sector?
As of 12 October 2026, 18 of the 51 oil and gas stocks Zensei prices in XOP beat the fund over the past month. The strongest over the past month is Cvr Energy Inc (CVI). The list above shows every holding with its weight and returns.
Are oil and gas stocks outperforming the S&P 500?
No. As of 12 October 2026, XOP trails the S&P 500 by 2.4 points over the past month.
Is it a good time to invest in oil and gas stocks?
Zensei does not give investment advice, but it measures the trend. As of 12 October 2026, oil and gas 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 XOP?
XOP is SPDR S&P Oil & Gas Exploration & Production ETF. Zensei uses it to measure oil and gas stocks against the S&P 500 (SPY).
What stocks does XOP own?
As of 12 October 2026, the largest of the 51 positions Zensei tracks in XOP are Marathon Petroleum Corp, Pbf Energy Inc, Valero Energy Corp, Hf Sinclair Corp, Phillips 66. Each position measured against the fund, with momentum and relative strength, is part of Zensei Premium.
What quadrant is oil & gas exploration & production in right now?
As of 12 October 2026, oil & gas exploration & production 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 oil & gas exploration & production 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.