Energy Sector ETFs Are Unimpressed by Chevron’s Q1 Profit Beat
May 02, 2022 at 11:02 AM EDT
Chevron (NYSE: CVX) posted first quarter profits that jumped to a 10-year high on Friday, but energy sector-related exchange traded funds and investors were not impressed. On Friday, the Energy Select Sector SPDR (NYSEArca: XLE) fell 2.7%, the Vanguard Energy ETF (NYSEArca: VDE) dropped 2.8%, the...