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Barchart
Sristi Jayaswal

Is ONEOK Stock Underperforming the S&P 500?

Tulsa, Oklahoma-based ONEOK, Inc. (OKE) operates as a midstream service provider of gathering, processing, fractionation, transportation, storage, and marine export services in the United States. The company has a market capitalization of $53.4 billion and operates through Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude segments.

Companies with a market cap of $10 billion or more are typically referred to as “large-cap stocks.” OKE fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the oil and gas midstream industry. 

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