<ul data-eligibleForWebStory="false"><li>S&P 500 companies are expected to report an aggregate earnings growth of 5.0% for the second quarter, with the energy sector projected to face a significant decline of -25.6% in earnings due to lower oil and gas prices.</li><li>4 out of the 5 sub-industries in the energy sector are anticipated to report declines in earnings, except for Oil & Gas Storage & Transportation which is expected to show positive growth.</li><li>Big Oil companies like Chevron, Exxon Mobil, ConocoPhillips, and others are major contributors to the decrease in expected earnings, with lowered EPS estimates across the sector.</li><li>Energy giants like Exxon Mobil and Shell have warned of lackluster second-quarter results due to decreased oil and gas prices, with projected earnings reductions attributed to declining liquids and natural gas prices.</li></ul>

Energy Sector Faces 26% Earnings Drop as Q2 Season Begins

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