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Energy Sector Earnings Surge 8.9% Amid Rising Oil Prices

4/4/2026

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Story summary
  • The energy sector led earnings growth among the 11 S&P 500 sectors, with year-over-year earnings up 8.9% as of April 2.
  • The growth rose from 0.3% on December 31, signaling a sharp acceleration.
  • Oil prices rose 77% during the quarter due to the conflict with Iran, boosting sector earnings.
  • Exxon Mobil Corp. is identified as the primary contributor to the energy sector's expected earnings growth.