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How Oil Majors Are Beating Tech in Mid-2026
With the S&P 500 up 0.2% over the last week but the NASDAQ down 1.4%, a quiet rotation has been underway. Chevron and ExxonMobil, the two largest US energy companies, have each gained over 2% in the past five days—beating every megacap tech stock except Apple. In this episode, Lucas and Luna examine the structural forces behind Big Oil's resurgence: disciplined capital returns, a tight global supply picture, and the market's growing impatience with tech's heavy capex promises. They also look at how Exxon's $64 billion Pioneer acquisition is reshaping its ROI profile, and…
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