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Fidelity Select Energy Portfolio

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The Fidelity Select Energy Portfolio (“FSENX”) is a mutual fund created in 1981 that is supported and managed by Fidelity Investments. The fund invests primarily in companies in the energy sector, including oil, gas, electricity, nuclear, coal and renewable energy, such as geothermal and solar power. As of early March 2016, about half of the company’s assets are focused on oil and gas [exploration and production] (E&P). The fund is invested in 74 countries, but 91.34% of the company’s holdings are domestic. Following is a look at the Fidelity Select Energy Portfolio's top five holdings. <>Exxon Mobil Corporation<> As of mid-March 2016, 10.08% of the Fidelity Select Energy Portfolio is based on Exxon Mobil Corp. (NYSE: XOM), the world’s largest publicly traded oil and gas company. Exxon Mobil is a favorite of many energy mutual funds. The company is diverse, and has been a consistent performer across a variety of economic conditions. Exxon is engaged in the exploration and production of crude oil and natural gas, the manufacturing of petroleum products, and the transportation and sale of crude oil, natural gas and petroleum products. The company also manufactures …show more content…

(NYSE: EOG) is 6.38% of Fidelity Select Energy Portfolio in mid-March 2016. EOG Resources is a large independent crude oil and natural gas company based in the United Stated, with operations in the United States, Trinidad, the United Kingdom and China. The company is engaged in the exploration, development, and production of natural gas and crude oil reserves. The company’s stock had a rough go recently, due to its direct exposure to natural gas and oil prices. In the one-year period March 2015 to March 2016, EOG’s shares fell almost 12%. As of December 31, 2015, EOG’s total estimated net proved reserves were 2,118 million barrels of oil equivalent [(MMBOE)]. Approximately 97% of these reserves were located in the United States. EOG’s total worldwide production in 2015 was 209

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