#commodity-prices

#commodity-prices

The SPDR S&P Oil & Gas Exploration & Production ETF ( NYSEARCA:XOP) tracks a basket of U.S. energy producers at a pivotal moment for the sector. As of February 13, 2026, the fund trades at $147.89, delivering a 17.1% year-to-date gain despite persistent commodity headwinds. This resilience reflects the portfolio's diversification across upstream producers, even as individual holdings face margin pressure from lower realized prices.

ConocoPhillips reported disappointing fourth-quarter results on February 5, 2026, missing both earnings and revenue estimates as lower oil prices overshadowed production gains from the Marathon Oil acquisition. The Houston-based energy producer posted adjusted EPS of $1.02, falling short of the $1.12 consensus estimate by 9%. Revenue of $14.19 billion also missed expectations of $14.34 billion. Net income tumbled to $1.44 billion from $2.30 billion in the year-ago quarter, a 37.3% decline driven primarily by weaker commodity prices.