Crude Petroleum & Natural GAS

65 US-listed companies SIC 1311 · all industries

How much this is one bet

49% of the closest matches for a typical Crude Petroleum & Natural GAS company are other Crude Petroleum & Natural GAS companies. That is moderate. The industry moves together to a degree, but individual companies still have plenty of their own story.

How the industry moves

Companies 65
Traded per day $6.5B
Median volatility 39.4%
Median beta vs SPY -0.31
Rate sensitivity +0.28
Volatility sensitivity 0.00

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

Shares sold short 792.9M
Median days to cover 4.2
Insider purchases 27
Insider sales 104
Congressional trades 195
Institutions’ reported value $534.65B
Combined revenue as filed $172.10B

The companieslargest 60 by daily turnover

TickerCompanyTraded per dayBetaDays to cover
SHEL Shell PLC American Preferred $562.1M -0.04 4.2
DVN Devon Energy Corporation $541.4M -0.57 2.4
OXY Occidental Petroleum Corporation $523.3M -0.64 2.5
EOG EOG Resources, Inc. $441.3M -0.60 4.5
FANG Diamondback Energy, Inc. $409.1M -0.42 4.3
EQT EQT Corporation $366.5M 0.11 3.4
CNQ Canadian Natural Resources Limited $364.2M -0.38 8.4
EXE Expand Energy Corporation $296.8M -0.01 3.4
PBR Petroleo Brasileiro S.A. Petrobras ADS $274.7M -0.22 2.4
APA APA Corporation $208.4M -0.75 4.5
CVE Cenovus Energy Inc $202.8M -0.20 5.5
PR Permian Resources Corporation Class A $186.8M -0.38 2.1
OVV Ovintiv Inc. (DE) $184.5M -0.38 3.8
AR Antero Resources Corporation $167.7M -0.16 3.1
PBR.A Petroleo Brasileiro S.A. Petrobras American Preferred $124.2M -0.08 3.8
TTE TotalEnergies SE Ordinary Shares $112.7M -0.24 3.5
SM SM Energy Company $112.3M -0.76 3.3
RRC Range Resources Corporation $110.5M -0.16 8.5
CHRD Chord Energy Corporation $95.6M -0.57 4.1
MTDR Matador Resources Company $91.1M -0.50 6.3
CRGY Crescent Energy Company Class A $70.4M -0.13 5.2
VNOM Viper Energy, Inc. $69.8M -0.19 5.6
PARR Par Pacific Holdings, Inc. $69.7M -0.37 3.8
MGY Magnolia Oil & Gas Corporation Class A $68.2M -0.42 5.6
MUR Murphy Oil Corporation $62.5M -0.53 5.3
VIST Vista Energy S.A.B. de C.V. American Preferred $61.4M -0.16 3.8
CNX CNX Resources Corporation $60.6M -0.08 10.6
NOG Northern Oil and Gas, Inc. $59.2M -0.34 8.1
GPOR Gulfport Energy Corporation $53.9M -0.13 2.8
AESI Atlas Energy Solutions Inc. $50.4M 0.74 6.6
HESM Hess Midstream LP Class A Representing Limited Partner Interests $49.9M -0.15 5.1
SOC Sable Offshore Corp. $40.9M 0.05 5.7
CRC California Resources Corporation $40.3M -0.11 4.0
EC Ecopetrol S.A. American Depositary Shares $38.0M -0.16 3.6
KOS Kosmos Energy Ltd. Common Shares (DE) $34.9M -0.70 2.1
CRK Comstock Resources, Inc. $34.6M -0.31 13.4
TALO Talos Energy, Inc. $25.4M -0.66 4.5
E ENI S.p.A. $19.4M -0.23 2.6
WTI W&T Offshore, Inc. $19.1M -1.11 3.7
SSL Sasol Ltd. American Depositary Shares $16.4M -0.48 6.1
VET Vermilion Energy Inc. Common (Canada) $15.4M -0.39 9.0
WDS Woodside Energy Group Limited American Preferred $15.3M -0.32 6.9
TTI Tetra Technologies, Inc. $13.5M 1.67 5.9
BATL Battalion Oil Corporation $12.3M -3.96 1.0
PNRG PrimeEnergy Resources Corporation $11.4M -0.23 1.2
DEC Diversified Energy Company $11.2M -0.47 4.9
KRP Kimbell Royalty Partners Common Units Representing Limited Partner… $10.8M -0.30 3.0
REPX Riley Exploration Permian, Inc. $8.9M -0.40 4.8
OBE Obsidian Energy Ltd. $8.5M 0.07 11.0
VTS Vitesse Energy, Inc. $8.1M -0.25 11.9
EGY VAALCO Energy, Inc. $6.7M -0.34 6.2
REI Ring Energy, Inc. $5.2M -0.38 3.1
MNR Mach Natural Resources LP Common Units representing Limited Partner… $4.7M -0.06 1.1
BSM Black Stone Minerals, L.P. Common units representing limited partner… $4.6M -0.18 5.1
GPRK Geopark Ltd $4.6M -0.20 2.4
GRNT Granite Ridge Resources, Inc. $4.4M -0.39 6.1
SD SandRidge Energy, Inc. $4.3M -0.36 4.8
DMLP Dorchester Minerals, L.P. - Common Units Representing Limited… $3.8M -0.27 3.4
AMPY Amplify Energy Corp. $3.0M -0.41 2.8
GTE Gran Tierra Energy Inc. $2.7M -0.72 1.0

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

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.