Big Week For Big Oil Earnings And These ETFs

Welcome to Big Oil earnings week. This is your time if you like to trade stocks like Exxon Mobil XOM and Chevron CVX or the ETFs that offer significant allocations to those stocks. And there is a healthy amount of choices in the ETF universe for those looking to play earnings reports from the biggest U.S. oil companies. The reporting calendar is as follows: ConocoPhillips COP on Wednesday, Exxon on Thursday and Chevron on Friday. Start with the Energy Select Sector SPDR XLE, which is one stop shopping for these companies with a combined weight of almost 38% to the three largest U.S. oil companies. The iShares Dow Jones US Energy ETF IYE goes even further with an allocation of 44% to this trio, including a hefty weight of more than 25% to Exxon. The Vanguard Energy ETF VDE gets you about exposure of about 39% to these guys, including almost 23% to Exxon. Chevron, Conoco and Exxon also combine for about 12% of the First Trust Energy AlphaDEX ETF FXN. Don't forget about the European oil majors. Royal Dutch Shell RDS reports on Thursday and Total TOT reports on Friday. The WisdomTree International Energy ETF DKA allocates more than 22% of its weight to Shell and Total. The iShares S&P Global Energy ETF IXC is a compelling play as all five stocks mentioned here are prominent members of IXC's top-10 holdings. They combine for over 38% of IXC's weight.