The article says earnings at ExxonMobil, Chevron, Marathon Petroleum and ConocoPhillips are set to rise sharply, with EPS for XOM, CVX and COP expected to more than double from a year earlier. Marathon Petroleum's EPS estimate is $25.37 per share, versus $4.51 a year ago, driven by higher oil prices and a large crack spread on refined products, with sales expected to rise by $13 billion in one year. The author argues that guidance and capital spending plans may matter more than the earnings figures themselves. Citing BTIG analyst Jonathan Krinsky, the article notes the S&P Refining Index has risen nearly 160% in 2026, its best year in at least three decades, and that he expects at least consolidation, with a significant downside reversion considered more likely.
Summary written by Upside AI from the original article. Read the source for full details.
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oil pricesearningsoil and gasoil refining
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SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/28/2026 | 772.35 |
| Change that session | +0.35% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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