Crude Petroleum & Natural Gas
63 US-listed companies SEC classification 1311, filed as “Crude Petroleum & Natural GAS” · all industries
How much this is one bet
51% of the closest matches for a typical Crude Petroleum & Natural Gas company are other Crude Petroleum & Natural Gas companies. At that level the industry trades largely as a single position: holding five of these is closer to holding one thing five times than to being diversified.
How the industry moves
Measured from one year of daily returns. Rate sensitivity is the median correlation between a company's daily return and the daily change in the 10-year Treasury yield: positive means the industry tends to rise on days yields rise. It is a correlation, not a forecast, and a low number over one year is a statement about this year.
On the public record
Insider filings Congressional trades Short interest Institutional holdings
The companieslargest 60 by daily turnover
| Ticker | Company | Traded per day | Beta | Days to cover |
|---|---|---|---|---|
| SHEL | Shell PLC American Preferred | $562.1M | -0.15 | 4.1 |
| OXY | Occidental Petroleum Corporation | $479.3M | -0.72 | 3.0 |
| DVN | Devon Energy Corporation | $477.9M | -0.63 | 2.6 |
| EOG | EOG Resources, Inc. | $428.5M | -0.67 | 5.7 |
| FANG | Diamondback Energy, Inc. | $397.1M | -0.47 | 4.3 |
| EQT | EQT Corporation | $373.4M | 0.05 | 3.0 |
| PBR | Petroleo Brasileiro S.A. Petrobras ADS | $366.3M | -0.30 | 1.5 |
| CNQ | Canadian Natural Resources Limited | $319.0M | -0.54 | 20.5 |
| EXE | Expand Energy Corporation | $290.6M | -0.08 | 3.3 |
| APA | APA Corporation | $228.1M | -0.82 | 4.5 |
| PR | Permian Resources Corporation Class A | $204.8M | -0.40 | 1.9 |
| CVE | Cenovus Energy Inc | $198.1M | -0.31 | 6.7 |
| OVV | Ovintiv Inc. (DE) | $193.3M | -0.47 | 3.3 |
| AR | Antero Resources Corporation | $152.3M | -0.37 | 4.4 |
| TTE | TotalEnergies SE Ordinary Shares | $135.6M | -0.27 | 3.1 |
| PBR.A | Petroleo Brasileiro S.A. Petrobras American Preferred | $129.1M | -0.18 | 3.4 |
| SM | SM Energy Company | $111.5M | -0.98 | 3.5 |
| RRC | Range Resources Corporation | $110.0M | -0.22 | 9.8 |
| CHRD | Chord Energy Corporation | $101.5M | -0.75 | 5.8 |
| MTDR | Matador Resources Company | $98.0M | -0.70 | 7.1 |
| MGY | Magnolia Oil & Gas Corporation Class A | $88.4M | -0.68 | 7.7 |
| VNOM | Viper Energy, Inc. | $77.3M | -0.25 | 7.0 |
| CRGY | Crescent Energy Company Class A | $71.0M | -0.40 | 6.0 |
| PARR | Par Pacific Holdings, Inc. | $69.3M | -0.51 | 5.5 |
| VIST | Vista Energy S.A.B. de C.V. American Preferred | $64.3M | -0.25 | 2.1 |
| CNX | CNX Resources Corporation | $60.2M | -0.09 | 11.8 |
| MUR | Murphy Oil Corporation | $58.6M | -0.92 | 6.5 |
| NOG | Northern Oil and Gas, Inc. | $55.8M | -0.65 | 9.8 |
| HESM | Hess Midstream LP Class A Representing Limited Partner Interests | $52.1M | -0.07 | 4.6 |
| GPOR | Gulfport Energy Corporation | $48.4M | -0.25 | 4.3 |
| CRC | California Resources Corporation | $42.6M | -0.15 | 4.7 |
| AESI | Atlas Energy Solutions Inc. | $39.3M | 1.05 | 8.6 |
| KOS | Kosmos Energy Ltd. Common Shares (DE) | $34.5M | -0.95 | 2.0 |
| CRK | Comstock Resources, Inc. | $33.3M | -0.38 | 12.5 |
| SOC | Sable Offshore Corp. | $31.7M | -0.86 | 4.3 |
| EC | Ecopetrol S.A. American Depositary Shares | $31.1M | -0.16 | 4.6 |
| TALO | Talos Energy, Inc. | $31.0M | -0.68 | 5.5 |
| E | ENI S.p.A. | $19.7M | -0.34 | 2.6 |
| SSL | Sasol Ltd. American Depositary Shares | $18.3M | -0.80 | 5.0 |
| VET | Vermilion Energy Inc. Common (Canada) | $15.5M | -0.60 | 7.6 |
| TTI | Tetra Technologies, Inc. | $13.7M | 1.59 | 5.1 |
| WTI | W&T Offshore, Inc. | $13.7M | -1.31 | 5.2 |
| WDS | Woodside Energy Group Limited American Preferred | $13.5M | -0.40 | 7.5 |
| PNRG | PrimeEnergy Resources Corporation | $13.2M | -0.22 | 1.0 |
| KRP | Kimbell Royalty Partners Common Units Representing Limited Partner… | $11.4M | -0.34 | 4.4 |
| DEC | Diversified Energy Company | $11.0M | -0.35 | 8.2 |
| REPX | Riley Exploration Permian, Inc. | $8.4M | -0.54 | 4.6 |
| VTS | Vitesse Energy, Inc. | $7.9M | -0.45 | 15.8 |
| OBE | Obsidian Energy Ltd. | $7.3M | -0.35 | 10.9 |
| EGY | VAALCO Energy, Inc. | $7.0M | -0.46 | 6.5 |
| GPRK | Geopark Ltd | $5.5M | 0.04 | 2.0 |
| BATL | Battalion Oil Corporation | $5.5M | -3.68 | 1.0 |
| GRNT | Granite Ridge Resources, Inc. | $5.1M | -0.47 | 4.6 |
| BSM | Black Stone Minerals, L.P. Common units representing limited partner… | $4.9M | -0.24 | 8.7 |
| REI | Ring Energy, Inc. | $4.6M | -0.53 | 2.1 |
| MNR | Mach Natural Resources LP Common Units representing Limited Partner… | $4.5M | -0.12 | 1.5 |
| GTE | Gran Tierra Energy Inc. | $4.5M | -0.59 | 1.7 |
| SD | SandRidge Energy, Inc. | $4.3M | -0.50 | 5.8 |
| GFR | Greenfire Resources Ltd. | $4.3M | 0.15 | 2.1 |
| DMLP | Dorchester Minerals, L.P. - Common Units Representing Limited… | $3.1M | -0.23 | 3.9 |
What “one bet” means, and how it is measured
For every security this site computes its closest matches across the whole market, by one-year daily-return correlation. Cohesion asks a simple question of that: of the ten closest matches for each company in this industry, what share are also in this industry?
A high number means the classification is doing real work — these companies genuinely move together, and the industry is closer to a single position than to a set of independent ones. Trucking, shipping, homebuilders and airlines sit at the top of that measure, which is what anyone who has held two of them would tell you.
A low number means the opposite: the SEC's code groups them, but the market does not. That is worth knowing before treating an industry label as a diversification plan.
Where these numbers come from
- The classification is the SEC's own Standard Industrial Classification, taken from each company's filings. It is coarse and occasionally odd — it was designed in 1937 and last seriously revised in 1987 — but it is the official one, it is public, and it is not somebody's proprietary sector scheme.
- Volatility, beta, rate and volatility sensitivity, and cohesion are computed here from daily returns. They are derived statistics; no price or return series is published anywhere on this site.
- Everything under “on the public record” is a count or a sum of filings — Form 4, the STOCK Act, Form 13F, FINRA short interest, USASpending awards, SEC financial statements. As filed.
What is deliberately absent
No index, no sector return, no performance figure. Aggregating company returns into an industry return would be republishing the licensed price history in a thin disguise, and it would also be wrong — there is no defensible weighting to choose. The statistics here are all invariant to that problem: a median, a correlation, a count, or a sum of filed figures.
All industries, ranked · each company's own page is under security pages.