Before we begin, some definitions from Fisher Investments. The Global Industry Classification Standard (GICS) is a widely accepted industry framework for classifying firms based on similarities. GICS was developed by MSCI, an independent provider of global indexes and benchmark-related products and services, and Standard & Poor's, an independent international financial data and investment services company and provider of global equity indexes.
The GICS structure consists of 10 sectors, 24 industry groups, 68 industries, and 154 sub-industries.* This structure offers four levels of hierarchy, ranging from the most general sector to the most specialized sub-industry:
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Sector
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Industry group
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Industry
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Sub-industry
Fisher Investments will start by breaking down the Energy sector into its different components. According to GICS, the Energy sector consists of one industry group (Energy), two industries, and seven sub-industries. Energy's industries with the corresponding sub-industries are:
Oil, Gas & Consumable Fuels
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Integrated Oil & Gas
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Oil & Gas Exploration & Production
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Oil & Gas Refining & Marketing
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Oil & Gas Storage & Transportation
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Coal & Consumable Fuels
Energy Equipment & Services
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Oil & Gas Drilling
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Oil & Gas Equipment & Services
For more information or to purchase Fisher Investments on Energy, click here