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0.000123675640021442 -0.000247351280042884 0.000329801706723884 0.00136043204023586 0.00272086408047172 -0.000659603413447651 0.000371026920064325 0.000371026920064325
Stock impact report

Chevron, Exxon profits expected to drop despite rising oil prices [Yahoo! Finance]

Exxon Mobil Corporation (XOM) 
Last exxon mobil corporation earnings: 5/1 07:34 am Check Earnings Report
US:NYSE Investor Relations: ir.exxonmobil.com
Company Research Source: Yahoo! Finance
ExxonMobil ( XOM ) when they report quarterly results this Friday — in part due to falling natural gas prices and lower refining margins during the first three months of the year. Investors will also be looking for updates on the oil majors' prospective acquisitions, including Exxon's dispute over the Chevron-Hess ( HES ) deal. Chevron's first quarter adjusted profit is expected to come in at $2.90 per share, roughly 18% lower than the same period last year, with revenue of $49.17 billion, according to Bloomberg estimates. ExxonMobil's top line revenue is expected at $80.25 billion, with adjusted earnings of $2.19 per share, down 22% from a year ago. On average, crude prices were slightly higher in the first quarter of this year compared to last year. The biggest price action came in mid-March when West Texas Intermediate prices broke out above $80 amid rising geopolitical tensions. "The usual suspect for moves in operating EPS — crude oil prices — is not the key this time a Show less Read more
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