The first quarter of 2022 saw crude prices surge 33%. The largest three Energy firms, CVX (+39%), XOM (+35%), and COP (+39%) posted similar gains, resulting in XLE’s best quarterly performance in its 23-year history (+38%). Despite the last three months’ windfall, XLE has a total return of just +5% over the last eight years compared to +168% for the overall index.
Apr
07
2022