Blended revenue growth reached its highest level since Q4 2021 as energy giants like Exxon Mobil and Chevron posted extraordinary gains fueled by elevated oil prices. Blended revenue growth for Q2 2026 landed between 14.1% and 15.0% year-over-year, the highest mark since Q4 2021, when the index posted 16.1% growth. Energy companies reported revenue growth of roughly 31.7% and an earnings surge of 135.3% compared to the same period last year. The energy trade: reward and riskThe energy sector’s 135.3% earnings growth is the kind of number that makes portfolio managers do a double take. Enterprise customers are committing real capital budgets to AI integration, creating a demand pipeline that has kept tech revenue growing.