XOP is an ETF for easy access to the “pure” beta of the exploration and production (E&P) segment in the US, with a modified equal-weight methodology that distributes the weight among dozens of companies (not just mega-caps) and a cost of 0.35%. With this philosophy XOP isAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opi ...