Industry Revenues: Oil and Gas Exploration and Production
Top 3 Markets: USA, Canada, Europe

The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) mainly focuses on companies operating in the field of oil and gas exploration and production. Therefore, the revenues primarily come from the energy sector, particularly from the extraction and sale of oil and gas.

USA: approx. 70%
Canada: approx. 15%
Europe: approx. 10%

The US market dominates the revenue distribution, as many of the companies included in the ETF are headquartered in the USA and conduct the majority of their business activities there. Canada and Europe follow as important markets, as they also host significant players in the oil and gas industry. These estimates are based on typical market shares and the geographical distribution of the companies included in the ETF.

SPDR Series Trust - State Street SPDR S&P Oil & Gas Exploration & Production ETF (ARCA:XOP) is an exchange-traded fund (ETF) and not a company that produces physical products.

This ETF invests in a portfolio of companies operating in the oil and gas exploration and production sector. Therefore, the ETF itself does not have production facilities. Instead, it holds shares in various companies operating in the oil and gas industry worldwide. The production sites vary depending on the specific companies included in the ETF.

Strategy for Future Growth:

The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) pursues a strategy focused on diversification and adapting to market changes.

XOP invests in a wide range of companies in the oil and gas exploration and production sector. This diversification allows the ETF to benefit from different market conditions and technological advancements in the industry.

Another focus is on adapting to the energy transition. The ETF could increasingly consider companies investing in sustainable and renewable energy technologies to benefit from the global shift towards more environmentally friendly energy sources.

Additionally, XOP could adjust its strategy to capitalize on geopolitical developments and price volatility in the oil and gas sector by investing in companies operating in more stable regions or utilizing innovative technologies for cost reduction.

Main Commodities: Crude Oil, Natural Gas

Main Import Countries: Canada, Saudi Arabia, Mexico

The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) invests in companies operating in the exploration and production of oil and gas. These companies are heavily dependent on the availability and prices of crude oil and natural gas.

Canada is a significant trading partner of the USA and supplies a large portion of imported crude oil. Saudi Arabia and Mexico are also important suppliers that meet the demand for fossil fuels. Dependency on these imports can be influenced by geopolitical events and price changes, which in turn can affect the performance of the ETF.

Competitive Advantage: Moderate

The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) is an exchange-traded fund that tracks the S&P Oil & Gas Exploration & Production Select Industry Index. The competitive advantage of this ETF lies in its broad diversification within the oil and gas exploration and production industry.

Since the ETF includes a variety of companies in this sector, it provides investors with risk diversification that individual companies cannot offer. This can be seen as an advantage, especially in a volatile market environment.

However, the competitive advantage is moderate, as the ETF is heavily dependent on general market conditions and commodity prices. Additionally, there are numerous similar ETFs that also offer diversification and access to this sector, increasing competition.

Institutional Investor Share: approximately 80% (estimated for 2026)

Insider Buys/Sells: No significant insider transactions reported (estimated for 2026)

The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) is a popular ETF among institutional investors as it offers broad diversification in the oil and gas exploration sector. The high institutional investor share of around 80% reflects the interest of pension funds, hedge funds, and other large financial institutions investing in this volatile yet potentially lucrative sector.

Insider transactions are less relevant for ETFs compared to individual stocks since ETFs represent a collection of stocks and do not include individual company insiders. Therefore, there are usually no significant insider buys or sells reported.

Market share of SPDR S&P Oil & Gas Exploration & Production ETF (XOP): Estimated 15% (2026)

Top competitors and their market shares:

1. iShares U.S. Oil & Gas Exploration & Production ETF (IEO): 12%
2. Vanguard Energy ETF (VDE): 10%
3. Invesco Dynamic Energy Exploration & Production ETF (PXE): 8%
4. First Trust Natural Gas ETF (FCG): 7%
5. VanEck Vectors Oil Services ETF (OIH): 6%

Moat Analysis:

The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) holds a significant market share in the oil and gas ETF sector, attributed to its broad diversification and the strong brand of State Street. XOP's moat lies in its wide sector coverage and liquidity, enabling investors to trade efficiently.

Compared to its competitors, XOP offers greater diversification within the sector, making it attractive to investors seeking comprehensive exposure in the oil and gas industry. This can be seen as an advantage, especially when compared to ETFs focusing more on specific sub-sectors or smaller companies.

However, some competitors like the Vanguard Energy ETF (VDE) have the advantage of lower cost structures and a focus on larger, more stable companies, appealing to risk-averse investors. The iShares U.S. Oil & Gas Exploration & Production ETF (IEO) also delivers strong performance and is known for its efficient cost structure.

Overall, XOP has a significant moat in terms of diversification and liquidity, but the competition also presents strong arguments, especially regarding costs and specific market segments.

Industry Growth: 4.5% CAGR (2023-2026, estimate) Oil Price Forecast: $85 per barrel (2026, estimate) Sustainability Factor: Increasing investments in renewable energies

The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) offers investors broad diversification in the oil and gas exploration and production sector. The industry is experiencing moderate growth with an estimated annual growth rate of 4.5% until 2026. This is supported by the ongoing demand for fossil fuels despite the global trend towards renewable energies.

Oil prices are expected to remain stable at around $85 per barrel, providing companies within the ETF with a solid foundation for profitability. However, the industry also faces risks, particularly from regulatory changes and the pressure to reduce CO2 emissions.

Investors should also consider the increasing investments by companies in renewable energies, which could promote the sustainability and growth potential of the ETF in the long term. Overall, the ETF could be a good investment for those who believe in the ongoing potential of the oil and gas industry, but risks and the trend towards renewable energies should not be overlooked.

Dividend Yield: 1.8% (estimated for 2026)

The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) typically pays a dividend, which, however, is relatively low compared to other ETFs. The dividend yield is estimated to be 1.8% for the year 2026.

The distribution frequency is quarterly, but the amount of the dividend can vary significantly as it heavily depends on the earnings of the companies included in the ETF. These companies operate in the oil and gas exploration and production industry, which is known for its volatility.

Therefore, the reliability of dividend payments is less stable than with ETFs investing in less volatile sectors. Investors should keep an eye on market developments and the performance of the underlying companies to better assess dividend stability.