2007 Value Creators and Destroyers -- Page 2
What were the year's biggest winners and losers?
Energy and industrial materials were the top-performing sectors this year. Industrial materials and energy price gains were driven by increasing commodity prices and increased demand. Energy gains were had not only by industry giant ExxonMobil (XOM), but also by foreign players trading in the U.S., such as PetroChina (PTR) and Brazilian Petroleum (PBR), all three of which appear on our list of the top 10 value creators of the year. Industrial material gains were all commodity-driven, with steel and mining companies leading the charge. Industrial materials might have been the top-performing sector if it weren't for the residential home suppliers; the crash in the housing market cut several suppliers' market caps in half this year.
Jaime Peters does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.
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