Exxon, Chevron Could Be Wall Street's Best-Kept Secrets This Quarter

While market focus is fixed on Big Tech earnings and the Federal Reserve meeting, the real surprise this week could emerge from the oil sector, as ExxonMobil Corp. (NYSE:XOM) and Chevron Corp. (NYSE:CVX) gear up to report results on Friday morning.

XOM stock's volume momentum accelerates ahead of earnings. Track it now here.

Despite a low-key performance in 2025, oil majors are quietly building momentum. Crude prices have risen more than 5% this month, with most of the gains coming in just the last three sessions, pushing WTI light crude back toward the psychologically important $70 mark.

More telling, earnings forecasts for energy companies are surging. According to Yardeni Research, the Energy sector saw the strongest positive EPS revisions among all 11 S&P 500 sectors during the week of July 14.

Since June 30, energy EPS estimates have climbed 4.5%, the best sectoral performance by this measure.

Chevron, Exxon Earnings Upgrades Show The Shift

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