US energy stocks buck dismal trend with ‘massive outperformance’

Financial Times LogoFinancial Times1 mo ago

US energy stocks buck dismal trend with ‘massive outperformance’

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The strong performance of oil and gas stocks in the first half of 2022 marked a stark change in fortunes for a sector that has been on the ropes for years.

Energy was the worst performing index on the S&P 500 over the past decade as debt-fuelled drilling sprees led to steep losses, prompting investors to abandon the sector in droves.

Demand worries caused by coronavirus lockdowns in China — the world’s largest oil importer — had been a counterpressure on prices as they were rising earlier in the year.

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Article Details

Author / Journalist: Myles McCormick

Category: MarketsFinanceInvesting

Topics: Prices Stocks Market Sector Year 2022 Energy Cent Been Ukraine

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-02, 13:00:42

News Timezone: GMT -5:00

News Source URL:

Language: English

Reading Time: 5 minutes read

Article Length: 847 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 26691

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About Financial Times

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Year Established: 1888

Headquarters: United States

News Last Updated: 19h ago

Coverage Areas: United States

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