Mar 23, 2026
positiveEnergy Sector Posts Third Consecutive Weekly Gain as XOM and CVX Hit Multi-Year Highs on $118 Oil
The energy sector extended its remarkable 2026 outperformance on Friday with a third consecutive weekly gain as Exxon Mobil and Chevron closed at their highest levels in nearly two years, ONEOK surged an additional 2.3% on a bullish throughput update, and the XLE ETF is now up approximately 34% year-to-date in stark contrast to the S&P 500's double-digit year-to-date loss.