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Oil majors seen set for strong profits as renewable and AI-linked names rise

The outlook points investors toward smaller renewable and AI-linked equities rather than oil majors, based on Wall Street positioning ahead of upcoming results.

Reported · Written up by our desk · Sectors

CNBC Markets highlights expectations that major oil companies are poised to post strong profits as they prepare to report results.

The piece also flags that, in contrast to the oil majors, several smaller stocks tied to renewables and artificial intelligence may be viewed more favorably by Wall Street right now.

According to the article, the preference reflects how investors are positioning for what the market could see in the earnings cycle.

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