Stocks in the energy sector slipped on Apr. 13 after Chevron (CVX) warned of "sharply lower" profits, underlining expectations that the sector's earnings face a rough first quarter.
Yet many investors continue to stick with energy stocks. After a steep decline in both energy shares and the price of oil and other commodities last year, many still hope for a revival for big oil and other energy companies in the second half of this year. So far this year through Apr. 9, the S&P Energy index has fallen 6.3%, vs. a 5.2% drop in the S&P 500 index. But some groups within energy, such as oil and gas drilling and energy equipment and services, are up for the year. businessweek.com
