Highlights

  • IEO seeks exposure to US oil and gas exploration and production equities.
  • The fund reports NAV of USD 144.46 as of 2 November 2026.
  • IEO lists an expense ratio of 0.37% and distributes quarterly.

iShares U.S. Oil & Gas Exploration & Production ETF (Cboe BZX:IEO) seeks to track US oil and gas exploration and production equities. Its NAV stood at USD 144.46 as of 2 November 2026. Net Assets totalled USD 895,657,853 as of 2 November 2026.

Oil and Gas Operations Across the Value Chain

IEO tracks the Dow Jones U.S. Select Oil Exploration & Production Index. The benchmark includes businesses engaged in exploration, drilling, production, refining and the Supply of oil and gas products. It can contain companies of different sizes. The strategy therefore encompasses several Operating Activities within its defined energy industry index.

The fund uses representative sampling, selecting investments intended to resemble the benchmark’s overall characteristics. It may therefore hold a different collection of securities from the index while seeking a similar Investment profile.

Portfolio Composition and Exposure

IEO reported 47 holdings as of 30 October 2026. Its allocation by Market Value included Oil & Gas Exploration & Production at 65.58%, Oil & Gas Refining & Marketing & Transportation at 34.35% and Cash and/or Derivatives at 0.07% as of 30 October 2026.

The fact sheet dated 30 September 2026 identified holdings including Conocophillips at 17.07%, Valero Energy Corp at 12.67% and Marathon Petroleum at 12.61%. These position weights refer to that reporting date and can change as the portfolio and market values evolve.

The same fact sheet reported a P/E ratio of 19.19x and a P/B ratio of 2.17x. These valuation measures complement the holdings information with Earnings and book-value characteristics associated with the Equity portfolio.

Fees and Distribution Policy

The published expense ratio is 0.37%. Distributions are scheduled quarterly.

The 30-day SEC Yield was 1.64% as of 30 September 2026. This standardised income measure reflects the fund’s recent income after expenses; it is separate from changes in the market value of its shares.

The prospectus notes that brokerage commissions and other intermediary charges may apply separately. Fund shares trade at market prices, which can differ from NAV, so the stated NAV does not establish the price of every exchange transaction.

Key Insights

Oil and gas prices, supply and demand, regulation and operating conditions can affect the holdings. The fund owns company equities, so changes in profitability and finances matter alongside developments in energy markets.