SHEL - Energy Q2 earnings preview - this is it

Energy stocks (XLE) have retraced all of their gains since Russia's invasion of Ukraine, are down ~15% from recent highs and still well below all-time highs reached in 2014. Yet oil prices (USO) remain elevated in the face of historic reserve releases and a lockdown of the Chinese economy. Natural gas prices in the US are at decade+ highs, while seaborne natural gas is at its highest sustained level in history. Though performance of oil and gas commodities pales in comparison to coal and refining margins, with both trading several hundred percent above historic average levels. To boot, nearly every US, Canadian and European energy company has provided a shareholder return framework. Frameworks which are likely to result in record dividend and buyback announcements in coming quarters.  Conversely, energy stocks (XLE) have outperformed the broader market by almost 70% year to date, after outperforming in 2021 as well. Recession risk remains

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Energy Q2 earnings preview - this is it