
🎯 Energy is leading the rotation: Chevron’s $5.28 adjusted EPS beat was driven by downstream strength, while upstream earnings missed estimates. 📊 Chevron downstream earnings reached $4.93B versus $5.70B upstream. Exxon also beat with $4.23 adjusted EPS; Shell posted $10.81B in adjusted earnings and announced a $5B buyback. Tech remains under pressure: the Russell 2000 rose 1.0% as the Nasdaq fell 1.37%. Inflation at 3.6% year over year keeps Fed repricing in focus. 🔥 Watch $CVX’s cited $217 support and the durability of refining margins; Shell’s $42/bbl margin may not persist. #Energy #OilMarkets #Earnings #MarketRotation
