Energy ETFs in Focus Post Exxon, Chevron's Weak Q1 Earnings

Two energy behemoths — Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) — reported disappointing first-quarter 2024 results. Both companies lagged estimates on revenues, while Chevron managed to beat earnings estimates. Lower gas prices and narrowing refining margins took a toll on their profits.XOM shares fell 2.8% at the close on the day following the earnings announcement, while CVX gained a modest 0.4%. This has put the focus on energy ETFs like Energy Select Sector SPDR (XLE) , Vanguard Energy ETF (VDE) ...