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Big oil earnings surge amid geopolitical risks
Energy journalist Brian Sullivan previews upcoming earnings from ExxonMobil, Chevron, Marathon Petroleum and ConocoPhillips, noting expected EPS doubles and record refining spreads. He highlights the ADIPEC conference in Abu Dhabi, ongoing Middle East tensions, and Europe’s energy crunch with low gas storage and high LNG prices. Analysts warn that guidance and capital‑spending plans will be closely watched, and suggest caution despite strong earnings momentum.