Energy Sector Hits Record Highs on Geopolitical Tailwinds

Energy stocks soared to record highs on Hormuz risk and strong earnings from Chevron, Exxon, Valero, Marathon, Phillips 66. Structural supply constraints and free cash flow support the thesis. The rally validates the rotation into energy as a hedge against inflation and geopolitical risk. Oil above $90/bbl and Iran ceasefire expiry add tailwinds. Energy remains a key sector spotlight with ESG/transition angles. Latest earnings show refining margins at record highs, with Marathon and Phillips 66 posting massive beats.