Major oil companies such as ExxonMobil, Chevron, Marathon Petroleum, and ConocoPhillips are set to release their earnings reports, with significant profit growth expected. ExxonMobil, Chevron, and ConocoPhillips are projected to double their earnings per share (EPS) compared to last year. Marathon Petroleum's EPS is estimated at $25.37, with sales expected to increase by $13 billion within a year, CNBC reported. However, BTIG analyst Jonathan Krinsky warned investors to be cautious about energy stocks, noting that the S&P Refining Index has surged nearly 160% in 2026, marking its best performance in three decades, and is anticipated to undergo consolidation or even a significant pullback.