News
The day at a glance · 3 min read
Mood · Cautious
+15
Sentiment, −100 to +100
Energy 6-Month Return
12.6%+12.6%
Energy Market Overview
PSX Share Price
$205.85+19.92%
Oil & Gas Majors
PSX 1-Year TSR
65.80%+65.80%
Oil & Gas Majors
Key driverIran-related supply disruptions supporting refining margins while energy stocks declined during Tuesday afternoon trading
Daily briefEnergy· Money365.Market AI ·

Refiners Rally on Iran Supply Risk; XOM Earnings Eyed

Phillips 66 surges on record crack spreads while utilities advance on battery storage and data center growth; ExxonMobil reports July 31.

Energy Market Overview

Neutral
PSXXOM
Energy sector performance showed divergence as the NYSE Energy Sector Index fell 1.3% during Tuesday afternoon trading, even as the broader energy industry posted a 12.6% return over the past six months, outpacing the S&P 500 by 6.4 percentage points. Iran-related supply disruptions have supported refining economics, with record crack spreads benefiting U.S. refiners despite broader sector weakness. The energy industry faces elevated exposure to economic and energy cycle fluctuations as market participants await key earnings reports from major integrated producers later this week.

Oil & Gas Majors

Bullish

bp Kirkuk Stake

43%-15%
PSXXOM
Phillips 66 ($PSX) share price reached $205.85 with a 30-day return of 19.92% and a one-year total shareholder return of 65.80%, supported by Iran-related disruptions and strong refining economics.
ExxonMobil ($XOM) faces its July 31 earnings report after Bank of America Securities downgraded the stock, though market participants anticipate a strong profit report driven by elevated commodity prices. bp completed a transaction with TPAO in which the Turkish state oil company acquired a 15% interest in bp's Kirkuk project, leaving bp with a 43% stake as the majority shareholder in the partnership.

Renewables & Clean Energy

Neutral

ENPH Q2 Revenue

$291.9Min-line

ENPH Q2 EPS

$0.46in-line

ENPH Q3 Guidance Low

$290Mbelow est

ENPH After-Hours

+2.4%+2.4%
ENPH
Enphase Energy ($ENPH) reported Q2 2026 results with EPS of $0.46 and revenue of $291.9M that nearly met estimates, prompting the stock to rebound 2.4% in after-hours trading following a recent decline. The solar microinverter manufacturer provided Q3 sales guidance of $290M to $320M versus the $304.253M analyst estimate, reflecting continued volatility in residential solar demand. Grid infrastructure and data center power demand themes emerged as WEC Energy Group gained favor over Dominion as regulatory clarity supports data center growth, while Caterpillar has benefited from AI's growing power requirements.

Utilities & Power Infrastructure

Bullish

SO Share Price

$96.78+11.01% YTD

SO 3-Year TSR

50.87%+50.87%

Ranger Q2 Revenue

$176.5M+up QoQ
SO
Southern ($SO) share price climbed to $96.78, up 11.01% year-to-date, as investor attention builds ahead of upcoming earnings results on expectations for higher earnings per share and revenue. The utility's 50.87% three-year total shareholder return reflects steady long-term gains driven by battery storage projects and natural gas growth prospects. XPLR Infrastructure continued to simplify its capital structure and advance repowering and energy-storage development plans during Q2 2026 while reaffirming its full-year financial outlook. Ranger Energy Services reported Q2 revenue of $176.5 million, up from the prior quarter, as activity strengthened across production-focused service lines and the company integrated American Well Services.

Looking Ahead

Neutral
XOMVLO
ExxonMobil ($XOM) reports earnings on July 31, with market participants anticipating strong results driven by elevated commodity prices and refining margins despite the recent Bank of America Securities downgrade.
Valero Energy ($VLO) Q2 outlook rests on elevated crack spreads and resilient fuel demand, though high crude costs and renewable diesel volatility pose risks to the refiner's performance. Xcel Energy's Q2 earnings are expected to have risen on stronger demand, new rates, and grid investments, though higher financing costs may have tempered growth in the utility sector.

Important Disclaimer — Not Investment Advice

Disclaimer: This article is provided by Money365.Market for general information and educational purposes only. It is not financial advice, a personal recommendation, or an inducement to buy, sell, or invest in any security or product. Capital is at risk and the value of investments can go down as well as up; past performance does not indicate future results. You should seek independent advice from an FCA-authorised adviser before making any financial decision.

Read the full disclaimer — 8 further points, including total-loss risk, our regulatory status and conflicts of interest

Nothing here is an offer or a solicitation to buy or sell anything, and reading it creates no advisory or fiduciary relationship between you and Money365.Market. Any decision you take is your own.

  • You can lose money — including all of it. Individual companies can and do fail, and some of the assets discussed can fall to zero. Only commit money you can afford to lose, and never borrow to invest on the strength of anything you read here.
  • Forecasts are opinion, not fact. Any valuation model, scenario, fair-value range, estimate or other forward-looking statement is illustrative, rests on assumptions that may prove wrong, and is never a price target, a forecast of actual outcomes, or a promise of any return.
  • Published at a point in time. Figures were believed accurate on the publication or last-updated date shown above and are not maintained afterwards; we are under no obligation to update them. Market and company data comes from third-party sources and is provided without warranty of accuracy, completeness or timeliness.
  • Automated content. This brief was compiled by an automated pipeline from validated news and market-data sources and passed through editorial and compliance checks. Automated content can still contain errors — verify anything you intend to rely on.
  • We are not regulated. Money365.Market is not authorised or regulated by the UK Financial Conduct Authority, is not registered with the U.S. Securities and Exchange Commission or FINRA as an investment adviser or broker-dealer, and is not a tax adviser. We hold no licence to give personal financial advice and do not do so.
  • Interests and independence. Money365.Market is not affiliated with, endorsed by or sponsored by any company, fund, exchange or platform mentioned, and is not paid to feature them. The author may hold positions in securities or assets discussed. The site earns revenue from advertising, subscriptions and, where labelled, affiliate links; this does not influence what we publish.
  • Your jurisdiction matters. Tax treatment, contribution limits, product availability and investor protections differ by country and can change. Speak to a qualified tax professional for tax matters, and to a locally licensed adviser if you are outside the UK.

Full terms: Disclaimer · Terms of Service · Privacy Policy