Jefferies
June 27, 2026
Energy Equities Stabilize, Cracks Rise, Oil / WCS Fall
Weekly UpdateEquitiesCommoditiesEnergy
The energy sector outperformed the S&P 500 last week, driven by strength in US Refining, while Integrated energy companies underperformed.
Key Takeaways
- 1.S&P Energy Index outperformed the S&P 500 by approximately 212 bps over the last week.
- 2.US Refining was the best-performing energy sub-sector for the week (+6.1%), while Global Integrated was the worst-performing (-1.9%).
Table of Contents
- Exploration & Production
- Global Integrated
- US Refining
- US Oilfield Services (OFS)
- NAM Midstream
- US Liquefied Natural Gas (LNG)
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Authors
Lloyd ByrneJulien Dumoulin-SmithMark WilsonSam BurwellDushyant AilaniRahul KakkarEmma SchwartzJohn EdelmanRoger Agarwal
Securities
PBFVLO
Themes
Energy Sector OutperformanceRefining Strength
Regions
North AmericaGlobalUnited StatesCanada
