Oil and gas giants Exxon Mobil Corporation (XOM) and Chevron Corporation (CVX) will release their third-quarter results on October 27. With rising supply concerns due to the Israel-Hamas war and growing energy demand, oil prices will likely increase. The results of XOM and CVX can help gauge how these companies can navigate the potential oil market dynamics.
It may not be wise to invest in XOM and CVX before their upcoming earnings releases for reasons discussed throughout this article. However, it might be prudent to consider including these stocks on your watchlist in anticipation of appealing entry opportunities.
