Japan's Eneos ups FY26 net profit forecast 48% on stronger oil prices
Published . Updated .
Covered by 2 outlets: Reuters, TradingView.
Who covered it: Center 1 · Not rated 1. How we rate outlets
Key takeaways
- Japan's largest oil refiner Eneos Holdings TSE:5020 raised its fiscal 2026 net profit forecast on Wednesday by 48% to 615 billion yen ($3.87 billion), citing stronger-than-expected oil prices, despite a hefty impairment on renewable energy assets.($1 = 158.7600 yen)
- Exposed: USO, XLE, BWET, EWJ, XOM
- Market reaction: USO +2.4% on the day (still updating); XLE +1.6% on the day (still updating); BWET +4.9% on the day (still updating)
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Japan's largest oil refiner Eneos Holdings TSE:5020 raised its fiscal 2026 net profit forecast on Wednesday by 48% to 615 billion yen ($3.87 billion), citing stronger-than-expected oil prices, despite a hefty impairment on renewable energy assets.($1 = 158.7600 yen)
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund-1.1% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+6.9% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.
- CRAK VanEck Oil Refiners ETF
VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refiner” (refining) in this story.
- TAN Invesco Solar ETF-7.3% 30d
Invesco Solar ETF: it holds solar and clean-energy companies. Linked by “renewable” (clean energy) in this story.
- EWJ iShares MSCI Japan ETF+0.3% 15d
iShares MSCI Japan ETF holds stocks listed in Japan, which this story is about (“japan”).
- FXY Invesco CurrencyShares Japanese Yen Trust-0.3% 15d
Invesco CurrencyShares Japanese Yen Trust follows the Japanese yen, whose moves this story covers.
- XOM ExxonMobil Holdings-2.7% 17d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- CVX Chevron+3.3% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USO | +2.78% | +4.95% | base | +2.37% | after close | after close | after close |
| XLE | +2.11% | -0.95% | base | +1.57% | after close | after close | after close |
| CRAKNo price data for this ticker | — | — | — | — | — | — | — |
| TANNo price data for this ticker | — | — | — | — | — | — | — |
| EWJ | +3.87% | -2.33% | base | +1.38% | after close | after close | after close |
| FXYNo price data for this ticker | — | — | — | — | — | — | — |
| XOM | +3.07% | +0.89% | base | +1.25% | after close | after close | after close |
| CVX | +2.73% | +0.67% | base | +0.78% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Japan's Eneos ups FY26 net profit forecast 48% on stronger oil prices Reuters
Source: Reuters
The price since 11 Nov 2026: United States Oil Fund (USO) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| Chevron (CVX) | that day | +0.78% | still updating |
| Chevron (CVX) | three days earlier | +0.67% | final price |
| Chevron (CVX) | five days earlier | +2.73% | final price |
| Ishares (EWJ) | that day | +1.38% | still updating |
| Ishares (EWJ) | three days earlier | -2.33% | final price |
| Ishares (EWJ) | five days earlier | +3.87% | final price |
| United States Oil Fund (USO) | that day | +2.37% | still updating |
| United States Oil Fund (USO) | three days earlier | +4.95% | final price |
| United States Oil Fund (USO) | five days earlier | +2.78% | final price |
| Select Sector Spdr Tr (XLE) | that day | +1.57% | still updating |
| Select Sector Spdr Tr (XLE) | three days earlier | -0.95% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +2.11% | final price |
| ExxonMobil Holdings (XOM) | that day | +1.25% | still updating |
| ExxonMobil Holdings (XOM) | three days earlier | +0.89% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | +3.07% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 28 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 72 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Pete Sessions sold Chevron (CVX), worth $15,001 - $50,000 on 14 Oct 2026. That is 28 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 49 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 70 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 26 Aug 2026. That is 77 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 24 Aug 2026. That is 79 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Conocophillips (COP), worth $1,000,001 - $5,000,000 on 21 Aug 2026. That is 82 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Companies in energy around United States Oil Fund (USO)
The side that tends to collect
- XOM ExxonMobil Holdings
For “Japan's Eneos ups FY26 net profit forecast 48% on stronger oil prices,” ExxonMobil Holdings (XOM) tends to benefit, medium confidence. Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- CVX Chevron
For “Japan's Eneos ups FY26 net profit forecast 48% on stronger oil prices,” Chevron (CVX) tends to benefit, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
No up or down call on file
- USO United States Oil Fund
United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Japan's Eneos ups FY26 net profit forecast 48% on stronger oil prices.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
- XLE Select Sector Spdr Tr
In “Japan's Eneos ups FY26 net profit forecast 48% on stronger oil prices,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
- BWET Amplify Commodity Trust
For “Japan's Eneos ups FY26 net profit forecast 48% on stronger oil prices,” Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence. Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “oil” (tanker shipping) in this story
- EWJ Ishares
Ishares (EWJ) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Japan's Eneos ups FY26 net profit forecast 48% on stronger oil prices.” Reason on file: iShares MSCI Japan ETF holds stocks listed in Japan, which this story is about (“japan”)
United States Oil Fund (USO) and the energy link
United States Oil Fund (USO) is the company in “Japan's Eneos ups FY26 net profit forecast 48% on stronger oil prices,” the 11 Nov 2026 Energy story.
For United States Oil Fund (USO), the reason on file says United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
A second company, Select Sector Spdr Tr (XLE), is listed for a different reason: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
Price levels for United States Oil Fund (USO)
BWET traded between 788.51 and 1047.07 across 17 sessions. The latest close on file is 907.20. USO traded between 143.02 and 171.80 across 20 sessions. The latest close on file is 148.41. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.
The energy score for United States Oil Fund (USO)
54 out of 100Price not final
“Japan's Eneos ups FY26 net profit forecast 48% on stronger oil prices” scores 54 out of 100. The score uses 2 sources, and 8 linked companies. The price is not final yet.