Is the Energy Trade Over?
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Energy stocks – especially old-school oil and natural gas stocks – have definitely enjoyed a strong run. The S&P Energy sector is up 40% so far this year, while the S&P 500 itself is down 11%. The biggest three companies have been among the best performers, with Exxon Mobil Corporation (XOM), Chevron Corporation (CVX), and ConocoPhillips (COP) averaging 62% gains in 2022.
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