While Brent oil fell almost 9% last week, Stoxx Europe 600 Oil & Gas lost just 4%, Bloomberg reports. The reason is in measures that companies had taken during 2014-2016 to survive in low priced environment and that help them to withstand price correction now.

According to analytics’ opinion, oil giants made a good job by adapting their budgets, and now investors are getting benefits out of that.

Price collapse made European companies cut spending, reduce costs and delay expensive projects. As a result they are less sensitive to market price fluctuations now.

Price is falling among threats of large scale trade war, while Saudi Arabia might raise output to record level.

Meanwhile analytics expect European oil sector to show the highest profit gain among ten sectors.