In the spreadsheet above I have tracked the earnings estimates for the Exploration & Production Sector (XOP). I have columns for what the 2026 and 2027 estimates were on 3/5/2026 and today.
The column under the date 5/4/2026 has a letter that represents the movement in 2026 earnings estimates since the most recent print (3/5/2026). “U” means 2026 estimates are UP in the last 60 days. “D” means 2026 estimates are DOWN in the last 60 days. “S” means 2026 estimates have remained the SAME in the last 60 days. The column entitled “1yr Target Est” is the Wall Street consensus 12 month price target for each stock.
What this table is telling us is that estimates for the sector are UP. More estimates went UP for 2026 in the past 60 days than came DOWN – The UP:DOWN ratio was 30:0.
The cumulative 2026 earnings power of the group went UP by +76.82% in the last 60 days. 2027 estimates went UP by +32.84%.
