Energy has become the best-performing sector in the S&P 500 in 2026 as higher international oil prices lift the group, according to a report cited by ChainCatcher from Yicai. As of Oct. 27, the S&P 500 Energy Index was up about 52% for the year, reaching a record high, while the broader S&P 500 had gained nearly 13% over the same period. Brent crude and WTI crude were up more than 70% and nearly 75%, respectively, and profits at U.S. energy companies had risen by more than 100% from a year earlier.
The report also cited the U.S. Congress Joint Economic Committee as saying President Donald Trump increased his personal wealth by as much as $35.8 million this year through holdings in oil and gas stocks. His net holdings in the sector reached $81.6 million, nearly doubling from the end of 2025. A White House spokesperson said the portfolio is managed independently by a third-party financial institution. At the same time, the report said surging oil prices pushed the retail cost of regular unleaded gasoline up about 40% year over year to $4.246 per gallon, while U.S. consumers have spent about $145 billion more on gasoline and diesel since March 1, making energy costs a key issue in the midterm elections.
Energy has become the best-performing sector in the S&P 500 in 2026 as rising international oil prices lift the group, according to Yicai in a report cited by ChainCatcher.
As of Oct. 27, the S&P 500 Energy Index had gained about 52% this year and reached a record high. Over the same period, the broader S&P 500 was up nearly 13%. Brent crude and WTI crude had risen more than 70% and nearly 75%, respectively, while profits at U.S. energy companies were up more than 100% from a year earlier.
A report from the U.S. Congress Joint Economic Committee said President Donald Trump increased his personal wealth by as much as $35.8 million this year because of holdings in oil and natural gas stocks. His net holdings in the sector reached $81.6 million, nearly doubling from the end of 2025.
A White House spokesperson said the portfolio is managed independently by a third-party financial institution.
The report also said surging oil prices pushed the retail cost of regular unleaded gasoline up about 40% year over year to $4.246 a gallon. Since March 1, U.S. consumers have spent about $145 billion more on gasoline and diesel than a year earlier, making energy costs a key issue in the midterm elections.
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