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Oil Service Index Components

The Philadelphia Oil Service Index (^OSX) includes 15 of the largest oil service companies. These companies drill and service marine and land oil and natural gas wells.

The industry is cyclical because its business activity is highly correlated with oil prices and natural gas prices. High prices encourage more drilling and thus highly earnings and higher prices for the oil service stocks.

Because these stocks exhibit cyclical price patterns, buy them at the beginning of a price cycle and sell them at or near the price cycle top.


Oil Service Index - Components
Component
Symbol
Baker Hughes
BJ Services
Cameron
Global Industries
Halliburton
Nabors Industries
Noble
National Oilwell Varco
Oceaneering International
Rowan
Transocean
Smith International
Schlumberger
Tidewater
Weatherford International



Current Oil Price


Related Articles:

Chart of oil prices
Oil News
Portfolio of Integrated Oil and Gas Stocks
Portfolio of Oil and Gas Drilling Stocks
Portfolio of Oil Service Stocks


Updated May 25, 2008.

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