Oil and gas stocks have drastically underperformed the broader market for years

S&P 500 and XOP share prices, January 2014–January 2020

Note: Share prices are indexed to 2014.

Chart: Center for American Progress Source: Yahoo Finance, "S&P 500," available at https://finance.yahoo.com/quote/%5EGSPC/ (last accessed July 2020); Yahoo Finance, "SPDR S&P Oil & Gas Exploration & Production ETF," available at https://finance.yahoo.com/quote/XOP/ (last acceessed July 2020).