While Wall Street has been fixated on AI chips and the SpaceX IPO, a quieter but potentially more immediate opportunity has been building in the energy sector. On June 3, 2026, West Texas Intermediate crude climbed above $96 per barrel and Brent crude pushed toward $98 — driven by a sharp escalation in U.S.-Iran tensions that has put the Strait of Hormuz, one of the world’s most critical oil shipping chokepoints, directly in the crosshairs.

Iran announced it would cease indirect peace talks with the United States and threatened to close the Strait of Hormuz entirely following Israeli military actions in Lebanon. U.S. forces have since intercepted Iranian ballistic missiles and drones and conducted retaliatory airstrikes on an Iranian command center. With roughly 20% of the world’s seaborne oil passing through the Strait, even a partial disruption would have immediate and severe consequences for global supply. Oil prices have reflected that risk, rising sharply across three consecutive sessions heading into this week.

For investors who have been fully concentrated in tech names, the energy sector offers something different right now: real earnings, reasonable valuations, growing dividends, and a price catalyst that is already in motion.

ExxonMobil: A Machine Built for $90-Plus Oil

ExxonMobil (NYSE: XOM) reported first-quarter 2026 results on May 2, 2026, that illustrated just how well the company is positioned when crude prices are elevated. Adjusted earnings per share of $1.16 beat consensus estimates by 15%, the largest earnings surprise in at least four quarters. Revenue came in at $85.1 billion, up 5% year over year. The Guyana operation hit record gross production exceeding 900,000 barrels per day, while Permian Basin volumes continue to grow toward a full-year 2026 target of 1.8 million oil-equivalent barrels per day.

The capital return program is substantial. ExxonMobil executed $4.9 billion in share repurchases during Q1 alone, on track with a $20 billion full-year buyback authorization. The quarterly dividend of $1.03 per share, with a June 10, 2026 payment date on record, has been paid consistently for decades. ExxonMobil also loaded the first export cargo from its new Golden Pass LNG Train 1 in April 2026, opening a new revenue stream that management says will lift U.S. LNG exports by approximately 5% versus 2025.

Shares trade at $153.52 as of June 3, 2026, giving ExxonMobil a market cap of $636.3B. At a trailing P/E of 25.9x on earnings per share of $5.94, the stock sits well below the broader market multiple, which is the defining characteristic of large-cap energy. The 52-week range of $101.73 to $176.41 shows the stock has already recovered significantly from its lows but still has room to run toward prior highs if crude sustains above $95. Barclays maintained an Overweight rating with a $182 target on May 26, 2026. The average analyst price target across tracked ratings is $173.78, with the high target at $182.00.

The main risk is the GAAP earnings picture, which was clouded in Q1 by $3.88 billion in unfavorable mark-to-market timing on derivatives and $706 million in Middle East supply disruption losses. Those items distort the headline numbers and investors focused on adjusted operating performance will get a cleaner read.

Chevron: Production Growth, Discipline, and a 39-Year Dividend Streak

Chevron (NYSE: CVX) offers a complementary profile. Q1 2026 adjusted earnings of $2.8 billion, or $1.41 per share, came in despite a $360 million legal reserve charge and $3 billion in unfavorable commodity timing effects. Cash flow from operations, excluding working capital, was $7.1 billion. Adjusted free cash flow reached $4.1 billion. Management reaffirmed full-year 2026 production growth guidance of 7% to 10%, driven partly by the integration of legacy Hess assets that added approximately 500,000 oil-equivalent barrels per day year over year.

Chevron has grown its dividend for 39 consecutive years. Capital allocation guidance for 2026 calls for $18 billion to $19 billion in capital spending — disciplined and unchanged despite the geopolitical environment — with buybacks running at $2.5 billion to $3 billion per quarter. Management provided a framework through 2030 targeting more than 10% growth in adjusted free cash flow and earnings per share, all modeled at $70 Brent crude — well below where prices currently sit.

CVX trades at $190.53 with a market cap of $379.5B, a trailing P/E of 33.2x, and trailing EPS of $5.74. The 52-week range runs from $136.70 to $214.71. Mizuho maintained an Outperform rating with a $230 target on May 27, 2026, and the consensus average target is $212.57, implying roughly 12% upside from current levels. The high target stands at $230.00 from Mizuho.

Which Makes More Sense Right Now?

Both companies benefit from the same tailwind — elevated crude prices driven by geopolitical supply risk. But they suit different investor profiles.

ExxonMobil is the lower-valuation option with a more aggressive capital return program and a newer LNG growth driver coming online. Investors who want maximum leverage to oil prices while collecting a well-covered dividend may prefer XOM at current levels.

Chevron offers more production growth visibility through its Hess integration and a longer dividend growth track record. Its 2030 targets, modeled at conservative oil price assumptions, suggest the company is building for durability rather than just riding the current cycle.

The near-term risk for both is a de-escalation of the U.S.-Iran conflict that brings crude prices back below $80, which would compress earnings estimates and likely send energy stocks lower. That is a real and plausible scenario. But for investors looking for a sector that is both timely and trading at a meaningful discount to the broader market, energy supermajors are earning a second look right now.

Read Next: SpaceX ‘Dark Energy’ Replaces Foreign Oil

For years, we’ve been told SpaceX is a rocket company… that will one day take humans to Mars (and the moon).

But according to new satellite images from 300 miles above the Earth’s surface, there is something very strange going on at SpaceX right now that has nothing to do with space.

A new division of SpaceX is deploying a new way to power our world… that could replace our need for foreign oil forever — without using nuclear fission, solar, wind, geothermal, coal, or any sort of battery.

When you consider SpaceX burns 29,600 gallons of fuel per launch… it makes sense the business would want a better way to generate energy.

But what it’s doing right now could change not only SpaceX’s operations… but also dramatically affect the entire country — and your investments.

What it’s deploying is a newly permitted technology I know simply as “Dark Energy.”

Most people have no idea something like this is even possible.

And it will sound like science fiction – at first.

But as I prove in my new boots-on-the-ground interview from West Texas, this is the beginning of what could be a $10 trillion boom for investors who know what to do – and who take the right steps now.

SpaceX can’t make this “Dark Energy” by itself. It relies on a small group of little-known suppliers to make it happen.

And I believe that’s why a laundry list of billionaires and tech CEOs are getting themselves into position.

Early supporters of “Dark Energy” include Nvidia CEO Jensen Huang, Oracle founder Larry Ellison, and OpenAI CEO Sam Altman.

Not to mention names like Brad Gerstner, a legendary tech investor who managed to be early on Uber, Microsoft, Amazon, Meta, and Nvidia.

He just joined a $300 million round backing this technology.

Or Garry Tan.

Garry invested in Coinbase back in 2012… turning a $300,000 stake into $2.4 billion in less than 10 years. 

He’s backed Airbnb, Stripe, DoorDash, and Dropbox… and his firm has invested in companies that are now worth more than $1 trillion combined.

Today, he’s backing “Dark Energy.”

This discovery could change our daily lives… and radically lower the cost of power.

And I believe that for you, this could be one the most profitable moments of your financial life if you position your money behind the right stocks before this news spreads.

I’m sharing all the details right now, on camera.

Click here to see how you could double your money or more by backing this new “Dark Energy.”