DRLL ETF Holds 47% in Exxon and Chevron as WTI Hits $71.13 and Goldman Sees $100 Oil
Strive U.S. Energy ETF (DRLL) holds 47.19% exposure to Exxon and Chevron and has gained 26.32% year-to-date. Escalating Strait of Hormuz tensions have driven WTI crude to $71.13 per barrel, prompting Goldman to forecast $100 oil.
1. DRLL ETF Performance and Portfolio Concentration
The Strive U.S. Energy ETF (DRLL) has gained 26.32% year-to-date while its portfolio allocates 47.19% to Exxon Mobil and Chevron, reflecting a focus on energy producers. Since its August 2022 launch it has trailed benchmarks XLE and VDE by 12–13%, driven by a higher expense ratio.
2. Geopolitical Drivers and Oil Price Outlook
Escalating tensions around the Strait of Hormuz have driven WTI crude to $71.13 per barrel, positioning oil near its 12-month high. At this level, Goldman Sachs projects crude could reach $100 per barrel, suggesting potential earnings growth for major oil producers.
3. Brooklyn FI LLC's New Chevron Stake
In the most recent quarter, Brooklyn FI LLC acquired 2,773 shares of Chevron, representing a $431,000 investment, signaling confidence in the company’s outlook amid rising oil prices.