3 Energy Stocks Poised to Outshine Earnings Estimates in Q3

Impact · against what's priced in

High Q3 commodity prices are unlikely to move CVX given the market is already pricing in a wartime premium and structural growth, while BP and XOM may see modest positives from the expected earnings beats.

CVX+0.00

Already priced in

The price assumes

Sustained wartime refining margins (cracks) remaining at current elevated levels post-conflict

The article attributes the favorable business environment to high commodity prices backed by the Iran war; however, the market is already pricing in the impact of this conflict via its valuation multiple.