They're all priced rich and relatively above relative crack spreads and crude strip. I think you have some upside but it could be bumpy.

Refining margins are incredible and will continue to be incredible. XOM should go no lower than $100 in my opinion. XOM at minimum should make $30B earnings for next few years. There is structural shortage of oil that isn't going to fix itself in next few years. It will keep oil elevated. If XOM makes $30B, that's about $8/share in earnings. Put a 12 PE and that's $96. Realistically XOM should make close to $40B. That's about $10/share and with 12 PE that's $120/share. Plus dividend close to 4%

I've got a fair amount of CVX long term. It's mainly for the strong dividend, but I plan on re-evaluating in a few years once the future of EV's is clearer.

There are a lot of assumptions in that post. I think the question should be. Is XOM at $117/sh a good entry point. I cannot say that to be the case and I'm bullish refining and crude (maybe not to the extent as you).

Napoleon, like anyone could ever know that.

I am positive they will outperform the sector, but I'm not sure how the sector will perform.

Considering that VLO is at a 4.46 P/E, I'd say there's still room to move to the upside. But, there's plenty of volatility so any investor needs a buy and hold approach. IMO