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Filed: 2026-08-31 AccNo: 0001193125-26-375358 Size: 173 KB Item 7.01: Regulation FD Disclosure Item 9.01: Financial Statements and Exhibits
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The VanEck Oil Services ETF (OIH) offers exposure to the Energy - Equipment and Services sector with a low expense ratio of 0.35% and $2.05 billion in assets. The ETF has delivered strong year-to-date performance of 53.31% and one-year returns of 73.3%, but carries high risk with a beta of 0.90 and standard deviation of 30.61%. Top holdings include Schlumberger, Baker Hughes, and TechnipFMC, with concentrated exposure across 26 holdings.
On CNBC’s "Halftime Report Final Trades," Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, picked Apple Inc.
The U.S. government has secured a major agreement with Venezuela granting access to 65 billion barrels of proven oil reserves through 100-year concessions across 17 oilfields. Chevron is positioned as the primary immediate beneficiary with plans to boost Venezuelan crude production by up to 50%, while oilfield services companies like SLB and Halliburton are expected to benefit from an estimated $100 billion infrastructure investment needed to modernize Venezuela's oil industry. Energy ETFs including XLE, VDE, OIH, and IYE are positioned to capture gains from this multi-year investment cycle.
US strikes on Iran near the Strait of Hormuz sent WTI crude up 5.4% to $90.38. Seven energy stocks rallied and the 10-year yield hit 4.80%.