⚡️Chevron, Exxon Lead XLE Higher Amid Crude Price Surge | Energy Sector Insights
(XLE) rose during Wednesday’s session. The move followed a fifth consecutive day of rising oil prices, supported by escalating U.S.–Iran tensions that have heightened concerns over potential supply disruptions. Major holdings including ExxonMobil, Chevron, and ConocoPhillips led the advance.
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Wednesday, January 14
XLE [+2.4%]
Energy Select Sector SPDR Fund
The Energy Select Sector SPDR Fund (XLE) has increased by 2.4% during market hours on Wednesday, aligning with a 1.9% rise in the S&P 500 energy sector. This uptick coincides with a fifth consecutive day of rising oil prices, bolstering sector performance. Notably, Chevron's upcoming earnings report, scheduled for January 30, 2026, is generating positive sentiment, with analysts projecting adjusted earnings per share slightly above consensus. Additionally, geopolitical tensions between the U.S. and Iran have driven crude oil prices higher, raising concerns about potential supply disruptions. Recent data revealed an unexpected increase in U.S. crude inventories, which contrasts with market expectations for a drawdown. Social media discussions have highlighted a potential breakout for XLE, while some users noted it is currently in extreme overbought territory. Key contributors to XLE's performance include ExxonMobil, Chevron, ConocoPhillips, Marathon Petroleum, and EOG Resources.