News
The day at a glance · 3 min read
Mood · Cautious
+15
Sentiment, −100 to +100
XOM Share Price
$149.56-2%
XOM YTD Return
21.9%+21.9%
XOM Permian Target
2.5 MMboe/d
Key driverOil majors attract research attention while utility stocks face valuation pressure following recent share price declines
Daily briefEnergy· Money365.Market AI ·

Oil Majors Steady; Utilities Face Headwinds

Exxon and Chevron draw analyst focus while NextEra endures share price weakness amid broader market rotation

Oil & Gas Majors

Neutral
01XOM
ExxonMobil ($XOM) closed at $149.56, with shares roughly flat over the past day and week while declining approximately 2% over the past month. The stock has delivered 21.9% total returns year to date despite recent short-term weakness.
02XOM
$XOM is targeting 2.5 million barrels of oil equivalent per day of production from the Permian Basin by 2030, leveraging its expanded footprint and advanced development techniques in the region.
03CVX
Chevron ($CVX) was highlighted in new research reports from Zacks, with analysts examining growth drivers, earnings trends, and key risks shaping the company's outlook.
04CVX
$CVX appeared alongside non-energy names in multiple analyst publications as investors assess the major's strategic positioning. The broader sector continues to draw attention as geopolitical factors influence sentiment around integrated oil producers.

Refining Sector

Bullish

VLO Share Price

$258.26+2.27%

Elliott PSX Stake

$2.48B
01VLO▲ +2.27%
Valero Energy ($VLO) reached $258.26 at the close of trading, reflecting a 2.27% gain and outpacing the broader stock market. The refiner announced it will host a conference call on July 30, 2026, to discuss second quarter 2026 financial and operational results, with the earnings release scheduled for that morning.
02PSX
Phillips 66 ($PSX) attracted attention from billionaire investor Paul Singer's Elliott Management, which holds a stake valued at $2,484,149,040 in the refiner. Bulls believe $PSX is positioned to benefit from the loss of refining capacity in the U.S. and Europe over recent years, particularly amid escalating Middle East tensions.

Utilities & Renewables

Bearish

NEE Share Price

$83.66-14%

NEE 1-Year TSR

21.82%+21.82%
01NEE
NextEra Energy ($NEE) has faced significant share price weakness, trading at $83.66 after declining 14% over the past month and 10% over the past three months. The utility's 30-day share price return fell 13.71%, though the company has delivered a 1-year total shareholder return of 21.82%. Despite recent underperformance, $NEE continues to be featured in discussions of reliable dividend growth machines for retirement portfolios. Analysts are reassessing the company's valuation following the recent pullback from earlier highs.

OPEC & Geopolitics

Neutral

BP 1-Year Gain

45%+45%

BP EV/EBITDA

3.19x
PSX
01PSX
Escalating Middle East tensions are influencing investor positioning in the refining sector, with analysts specifically highlighting the potential impact on Phillips 66 ($PSX) amid Strait of Hormuz disruption risks. Investors are closely watching developments in negotiations with Iran as geopolitical factors continue to shape energy market dynamics.
02
BP has surged 45% over the past year, driven by 14 new discoveries and refining adjustments, though the Strait of Hormuz disruption risk remains a concern despite the company's 3.19x EV/EBITDA valuation.

Looking Ahead

Neutral
VLODVNOXY
01VLO▲ +2.27%
Valero Energy ($VLO) will report second quarter 2026 earnings on July 30, 2026, providing investors with insight into refining margins and operational performance during the period.
02DVN
Devon Energy ($DVN) and Occidental Petroleum ($OXY) are drawing increased attention from investors on Zacks.com, suggesting heightened interest in independent exploration and production names.
03
SLB agreed to acquire Tachyus to expand its digital portfolio with AI-powered reservoir optimization tools, strengthening its recovery-focused solutions and positioning the oilfield services company for enhanced technical capabilities.

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