A Treasury authorization makes Exxon and Chevron investors cautious

OFAC's 60-day Iran oil license floods markets with crude, deflating the war premium that drove XOM and CVX to their 2026 highs.
24/7 Wall St.

XLE’s Concentration Risk Meets Oil’s Next Move: What to Monitor in June

The signal for the next 12 months is Brent’s path toward the EIA’s $79 average for 2027, watched through the monthly STEO and weekly EIA inventory reports. The fund-level tell is whether Q2 and Q3 filings from Exxon and Chevron show the timing-effect drag reversing; if not, 41% of XLE fights an accounting headwind even if the barrel cooperates.

ExxonMobil vs. Chevron: Better Energy Stock to Buy Now?

ExxonMobil ( XOM 1.87%) and Chevron ( CVX 1.31%) are leaders in the oil patch. They both have globally integrated operations, low costs, fortress balance sheets, and excellent records of delivering value to shareholders. The energy giants also boast strong long-term growth outlooks.
Rigzone

Exxon, Chevron Beat Profit Estimates

(Update) May 1, 2026, 6:16 PM GMT+1: Article Adds details from calls with analysts starting in the fifth paragraph. Exxon Mobil Corp. and Chevron Corp. posted stronger-than-expected earnings for the first quarter as higher oil and natural gas prices ...

While Oil Prices Have Fallen From Their Peak, Here's Why They Could Rise Again in the Future.

The agreement to end the Middle East conflict has pushed oil prices lower, but that could be a temporary reprieve.