From Zacks Investment Research: 2025-03-31 18:58:00

The energy sector, led by Chevron and Exxon Mobil, has outperformed the S&P 500 with an 8% increase year to date as crude oil prices rise above $70 a barrel. Seasonal peaks in travel and industrial production, along with geopolitical tensions, could impact oil production and prices. Both Chevron and Exxon stocks have gained YTD, with reasonable earnings multiples and generous dividends. However, recent declines in earnings estimates suggest caution, as future buying opportunities may arise. Holding Chevron and Exxon stocks could still be rewarding, depending on future earnings revisions and crude oil prices.



Read more at Zacks Investment Research: Bet on Big Oil Stocks as a Defensive Hedge Against Market Volatility? – March 31, 2025