business
Energy Refuses to Quit: XLE Up 29% YTD as Oil Stocks Wake Up
Key takeaways
- Exxon beat earnings estimates by 15% and Chevron by 46% as the Strait of Hormuz closure drove Brent crude to $138 per barrel in April.
- Hormuz reopening would deflate XLE s risk premium toward $75 crude, while OPEC spare capacity shrinking to 2.5M bpd means future disruptions hit harder.
- Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Energy Select Sector SPDR ETF didn t make the cut.
Energy Refuses to Quit: XLE Up 29% YTD as Oil Stocks Wake Up Michael Williams Fri, June 12, 2026 at 10:30 PM GMT+7 7 min read XLE XOM CVX EOG COP Quick Read XLE has surged 31% year-to-date, nearly four times the S&P 500 s return, with Exxon and Chevron alone comprising 41% of the concentrated fund.
Exxon beat earnings estimates by 15% and Chevron by 46% as the Strait of Hormuz closure drove Brent crude to $138 per barrel in April.
Hormuz reopening would deflate XLE s risk premium toward $75 crude, while OPEC spare capacity shrinking to 2.5M bpd means future disruptions hit harder.
Article preview — originally published by Yahoo Finance. Full story at the source.
Read full story on Yahoo Finance →
More top stories
Also covered by
Aggregated and edited by the Scoop newsroom. We surface news from Yahoo Finance alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop