Exxon Mobil, Occidental Petroleum, and Marathon Petroleum Set to Deliver 50%+ Returns in 2026 Amid Uncertainty Over Strait of Hormuz Reopening

Oil prices have surged by over 50% in the past month, with WTI crude trading in the $90 to $100 band. Stocks like Exxon Mobil, Occidental Petroleum, and Marathon Petroleum have rallied by 10% or less due to the belief that the Strait of Hormuz will reopen quickly. However, the opening of the Strait remains tentative, and it could take weeks for oil prices to normalize. These oil stocks are well-positioned to keep rising as further investments are set to pour in to decentralize energy production away from the Gulf.