News
The day at a glance · 4 min read
Mood · Risk-Off
-35
Sentiment, −100 to +100
XOM 2026 YTD Gain
43%+43%
EOG Market Cap
$81.6B
EOG Revenue (TTM)
$26.6B
Key driverRefining stocks fell sharply after Democrats won Senate control, with Marathon Petroleum down 10% and Valero down 8%
Daily briefEnergy· Money365.Market AI ·

Energy Stocks Slide on Election Outcome; Earnings Mixed

Refiners fell sharply following Democratic Senate win while utilities navigate rate decisions and oil majors showed divergent performance

Oil & Gas Majors

Neutral
01XOM
ExxonMobil ($XOM) has gained 43% in 2026, putting it on track for its best year since 2022, though the stock declined 3.43% in the latest session as cash generation exceeded shareholder payments, leaving room for balance-sheet repair with commodity sensitivity still central. Wall Street remains split on the oil major following Q3 results, with one CNBC trader stating the fever has broken in energy and oil won't see $100 again while a rival panelist warned of a black swan that could flip the trade overnight.
02CVX
Chevron ($CVX) stocks moved lower as refining supplied most of the profit increase, with quarterly cash flow weakening sequentially despite a substantial annual earnings improvement. The stock rose alongside the broader market rally but faces pressure as income investors holding the company have the most to lose according to market commentary.
03COP▼ -5.17%
ConocoPhillips ($COP) is among five low-beta, high-yielding energy stocks offering compelling growth prospects, rising earnings estimates and dividend income amid Wall Street volatility. The company is scheduled to report earnings today and is trading near 52-week highs with business catalysts supporting potential further gains.
04EOG▼ -5.23%
EOG Resources ($EOG) is scheduled to report earnings today, with the company holding a market value of $81.6 billion and having generated $26.6 billion in revenue and $9.4 billion in operating profit over the last twelve months, with net income of $6.9 billion.

Refiners & Downstream

Bearish
01VLO▼ -5.76%
Marathon Petroleum fell 10% after Democrats won control of the Senate, with Valero Energy ($VLO) down 8%, HF Sinclair and Phillips 66 ($PSX) also declining in the sector-wide selloff. The decline came a day after Marathon reported a substantial third-quarter beat, but political uncertainty around energy policy drove the broad-based retreat in refining stocks.
02VLO▼ -5.76%
Valero Energy ($VLO) made the Zacks Rank #1 Strong Buy growth stocks list for November 5, 2026, despite the sharp session decline on election results.

Independent Producers

Neutral

REPX Earnings Surprise

+58.16%+58.16%

REPX Revenue Surprise

+11.97%+11.97%

CRK Earnings Surprise

-33.33%-33.33%

CRK Revenue Surprise

+4.79%+4.79%
REPXCRK
01REPX
Riley Exploration Permian ($REPX) delivered earnings and revenue surprises of +58.16% and +11.97%, respectively, for the quarter ended September 2026, topping both estimates.
02CRK
Comstock Resources ($CRK) delivered earnings and revenue surprises of -33.33% and +4.79%, respectively, for the quarter ended September 2026, lagging earnings estimates while beating on revenue.
03
Chord Energy is trading near 52-week highs with business catalysts supporting potential further gains, according to market analysis highlighting momentum stocks.

Utilities & Power

Neutral

ES Earnings Surprise

-5.16%-5.16%

ES Revenue Surprise

-12.73%-12.73%

SO Market Cap

$106.6B

SO Revenue (TTM)

$30.2B
DUKESSONEE
01DUK
Duke Energy ($DUK) secured approval for lower Florida electricity rates in 2027 after adopting a tax approach that avoids a planned base rate hike, while also filing FERC documents to consolidate Duke Energy Progress into Duke Energy Carolinas and simplify transmission and service agreements. The mix of customer bill relief, tax planning and internal restructuring highlights how the company is adjusting its regulatory and contract framework while continuing to commit capital to renewables and grid infrastructure.
02ES
Eversource Energy ($ES) delivered earnings and revenue surprises of -5.16% and -12.73%, respectively, for the quarter ended September 2026, missing on both metrics.
03
Southern Company is scheduled to report earnings today, with the company holding a market value of $106.6 billion and having generated $30.2 billion in revenue and $7.3 billion in operating profit over the last twelve months, with net income of $4.7 billion.
04NEE
With demand for electricity growing at a rapid clip, nuclear power is increasingly important, with NextEra Energy ($NEE) positioned across the nuclear supply chain from mining through operations.

Renewables & Clean Energy

Neutral

FSLR Potential Upside

50%+50%
01FSLR
First Solar ($FSLR) is the subject of analysis exploring whether the stock can jump 50%, as investors evaluate growth potential in the solar manufacturing sector.

Market Outlook

Neutral

Dow Rally

+1,590 pts+1,590
01
The broader market rallied 1,590 points on the Dow following midterm election results that resolved uncertainty, though energy stocks diverged with refiners under pressure while exploration and production names showed mixed performance. AI and oil remain significant variables for market direction according to market commentary, with traders divided on whether oil has seen its peak or faces potential supply shocks ahead.

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