XOM, CVX: Almost All Energy Earnings Exceeding Expectations

Most of the stocks that have reported have exceeded expectations, says Mark Giambrone on the energy sector. He and Stewart Glickman discuss how energy stocks rise as companies continue to report record earnings. They talk about how Exxon Mobil's (XOM) earnings were released today, and it beat on EPS but fell a bit short on revenue. They also go over how CFRA raises Chevron's (CVX) price target to $188 from $182. They then mention how a recession will impact energy stocks. Tune in to find out more about the stock market today.