XLE Energy ETF Projections


Shares of energy companies are reaching new 52 week lows as capital rotation moves from oil stocks to technology stocks. XLE, which is the largest energy fund on the market, has pulled back about 18% from its 2023 highs. But worldwide energy demand, specifically for oil, has only increased over the last four years, so it’s only a matter of time before oil companies get bought up again. XLE holds shares in companies such as Exxon Mobile, Chevron, ConocoPhillips, and many more fundamentally strong energy companies, which makes it a worthy contender for a portfolio.