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Fidelity MSCI Energy Index ETF
As of May 30, 2026 at 09:30 UTC
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About Fidelity MSCI Energy Index ETF
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Latest News
5 articlesThe Energy Select Sector SPDR ETF (XLE) is the top-performing sector ETF, up 32.07% due to geopolitical events including the war in Iran. The article reviews several oil ETFs including the Fidelity MSCI Energy Index ETF (FENY), Alerian MLP ETF (AMLP), and SPDR Oil & Gas Exploration & Production ETF (XOP), each offering different exposure levels and dividend yields for energy investors.
Baker Hughes agreed to sell its Waygate Technologies business to Hexagon in an all-cash transaction valued at $1.45 billion. The divestiture is part of Baker Hughes' strategy to streamline its portfolio, strengthen its balance sheet, and enhance earnings and cash flow durability. BKR shares were up 1.61% in premarket trading on Monday.
Baker Hughes secured an order from San Matias Pipeline S.A. for three NovaLT16 gas turbines to support natural gas transportation from Argentina's Vaca Muerta formation. This marks the first deployment of Baker Hughes' NovaLT technology in South America. The win follows a recent 60-month service agreement with Petrobras for Brazil's offshore operations. However, BKR stock is underperforming its energy sector peers despite strong long-term momentum.
Baker Hughes secured a substantial 60-month service agreement with Petrobras worth significant value to support critical turbomachinery equipment for Brazil's offshore operations. The deal covers maintenance and engineering advisory services for up to 64 aeroderivative gas turbines across approximately 19 FPSO vessels. The stock showed mixed technical signals with neutral RSI but bearish MACD, trading slightly up on the news.
