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home / news releases / XES - XES - Oilfield Services ETF A 'Dry Hole' Long-Term

XES - XES - Oilfield Services ETF A 'Dry Hole' Long-Term

SPDR Series Trust S&P Oil & Gas Equipment & Services
  • XES has benefited from the oil price spike, but return has lagged other oil investments.
  • Drilling rig counts have rebounded since 2020 but remain far below 2014.
  • Long-term oil production outlook peaks in late 2020s.
  • Renewables and ESG concerns more important to investors.
  • Lack of investor interest in oilfield services companies longer-term.

For further details see:

XES - Oilfield Services ETF A 'Dry Hole' Long-Term
Stock Information
Company Name: SPDR Series Trust S&P Oil & Gas Equipment & Services
Stock Symbol: XES
Market: NYSE
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