In this article, we are going to discuss the energy stocks that are losing this week.
The S&P Energy index remained largely flat between February 18 and February 25, surging by just 0.24%. This compares to gains of 0.40% posted by the overall S&P 500 during the period.
Global crude oil prices surged to their highest level since last July on February 20, as rising tensions between Washington and Tehran threatened supply from the Middle East. However, tensions have eased since then, after the two parties met in Geneva for indirect talks and continued nuclear negotiations, leading to a slight fall in oil prices.
That said, Iran continues to insist that it would not allow its enriched uranium to leave the country. Meanwhile, the large American military presence in the Middle East is also keeping the markets on edge, as President Trump has warned of strict military action if the two parties fail to meet an agreement.
At the same time, the market will keep a close eye on the OPEC+ meeting on Sunday, when the group will decide on its next production move amid heightened geopolitical friction that could affect almost a third of its output. The organization is expected to raise its output by 137,000 bpd in April, following a three-month pause driven by the seasonally weak demand.
Our Methodology
To collect data for this article, we used several stock screeners to identify energy stocks that declined the most between February 18 and February 25, 2026. The following are the Energy Stocks that Lost the Most This Week. The stocks are ranked according to their share price decline during this period.
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10. Select Water Solutions, Inc. (NYSE:WTTR)
Share Price Decline Between Feb. 18 – Feb. 25: 4.44%
Select Water Solutions, Inc. (NYSE:WTTR) is a leader in water management and chemical technology serving customers in the oil and gas industry and other industrial applications.
Select Water Solutions, Inc. (NYSE:WTTR) fell after the company announced a $175 million secondary equity offering on February 19, underscoring concerns about dilution for current shareholders. Moreover, WTTR revealed plans to grant the underwriters a 30-day option to acquire up to an additional $26.25 million of shares at the public offering price, less underwriting discounts and commissions.
The company has priced the offering of 13.7 million shares at $12.75 per share, with net proceeds going towards general corporate purposes, including water infrastructure growth projects, potential acquisitions, or debt repayment.
The strategic move comes after Select Water Solutions, Inc. (NYSE:WTTR) announced better-than-expected Q4 2025 results on February 17. The company is forecasting 20%-25 % YoY growth for its Water Infrastructure segment in 2026, while maintaining gross margins similar to the 54% level achieved in the fourth quarter of 2025.
9. Murphy Oil Corporation (NYSE:MUR)
Share Price Decline Between Feb. 18 – Feb. 25: 5.09%
Murphy Oil Corporation (NYSE:MUR) is a global independent oil and natural gas exploration and production company.
Murphy Oil Corporation (NYSE:MUR) had a setback on February 24 when the company revealed that its second exploration well offshore the Ivory Coast had also failed, after its first well suffered a similar fate last month. Murphy’s second well, Caracal-1X, will now be abandoned and plugged as a dry hole.
Murphy Oil Corporation (NYSE:MUR) holds a 90% working interest in Block CI-502 offshore the Ivory Coast and serves as the operator, while the state-owned Petroci owns the remaining 10%. Despite the setbacks in the first two wells, the two partners remain committed to moving forward with a third well, Bubale-1X, in Block CI-709.
Murphy Oil Corporation (NYSE:MUR) announced in its Q4 earnings call last month that it is targeting net production of 171,000 boed for FY 2026, down from last year’s 182,000 boed.
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