# XLE ETF Holds 91% Oil and Gas

> XLE ETF's oil-heavy holdings mean investors may own less energy than they think.
- Title: XLE ETF Holds 91% Oil and Gas · 24/7 Wall St. | Shortify
- Summary: XLE ETF's oil-heavy holdings mean investors may own less energy than they think. XLE ETF is 91% oil and gas, so investors buying 'energy' may own less than…
- Keywords: xle, oil, gas, energy, etf, investors, xle holdings, oil and gas, Holds, 24/7 Wall St.
- Source: 24/7 Wall St. — https://247wallst.com/investing/etf/2026/09/21/xle-is-91-oil-and-gas-investors-buying-energy-may-own-less-than-they-think
- Author: Omor Ibne Ehsan
- Published: 2026-09-21T19:55:01+00:00
- Read time: 1 min
- Topics: xle, oil, gas, energy, etf, investors, xle holdings, oil and gas
## XLE ETF Basics
XLE is the default energy fund for investors.
## XLE's Oil Focus
XLE holds 91% oil and gas stocks with Exxon at 23% and Chevron at 16%.
## Excluded Businesses
Utilities and solar wind companies are excluded from XLE.
## XLE's Performance
XLE up 46% year to date as oil prices rise.
## XLE's Structure
XLE focuses on large-cap fossil fuels with no renewable exposure.
## XLE's Risks
XLE's value tied to oil prices with limited renewable exposure.
## Key takeaway

XLE ETF is 91% oil and gas, so investors buying 'energy' may own less than they expect.