EARNINGS WRAP — Friday, July 31

22 companies reporting. Energy and Industrials dominate the tape. Widest consensus spread belongs to $NWL — and they didn’t just beat, they obliterated. $XOM drops a $4.11 print vs $3.63 consensus — a 13% beat. Full-year guide: $27.00–$29.00 adj EPS. Big Oil flexing. $CVX follows with $6.06 adj EPS, crushing $5.57 consensus by nearly 9%. Revenue explodes +56% YoY to $70.1B. Energy isn’t cooling off. $LYB delivers the shocker of the day: $4.30 adj EPS, a 25.6% beat. GAAP was just $1.71 — wide gap, but the adj number is the real story. $NWL prints $0.42 adj EPS vs $0.20 consensus — a 112% beat. Revenue up 3% to $2B. Consumer discretionary showing unexpected muscle. $NVT posts a 24.6% beat — $1.45 adj EPS vs $1.16 consensus. Revenue surges 52.8% YoY to $1.5B. Industrial demand running hot. $D beats by 15.4% — $0.79 adj EPS vs $0.68 consensus. Revenue jumps 17.6% to $4.5B. Utilities delivering growth-stock vibes. $RBC beats by 13.2% — $3.88 adj EPS vs $3.43 consensus. Revenue +19.1%. Preci

22 companies reporting. Energy and Industrials dominate the tape. Widest consensus spread belongs to $NWL — and they didn’t just beat, they obliterated.