Why These 3 Oil Drillers Are Outperforming Their Competition

Why These 3 Oil Drillers Are Outperforming Their Competition

Ouch! The stock market has pulverized most oil-industry stocks this year, sending shares of many independent oil and gas exploration and production companies -- E&Ps for short -- down more than 25% so far this year. But three E&Ps have bucked this trend, and they may not be the ones you're expecting. 

ConocoPhillips (NYSE: COP), the biggest of the bunch, is down just 1% for the year, while the second biggest U.S. E&P, EOG Resources (NYSE: EOG) is down just 4%. This clearly goes beyond size, though, because Concho Resources (NYSE: CXO), which is only about one-third the size of EOG, is up 1.3% for the year. 

Here's what these companies did to keep their shares so steady, and how it will affect them and their competitors.

Continue reading

Source: Fool.com