Crude oil has been among the worst-performing commodities this
year as hefty production has combined with a number of other
factors to send the fossil fuel lower. That being said, a number of
bellwether oil firms will be detailing their most recent quarter's
earnings this week, as investors are anxious to see how lower
prices have impacted bottom-line returns. Below, we outline five of
the biggest oil firms to report earnings this week, and commodity
investors should watch them closely.
Occidental Petroleum Corporation
): Today, Occidental will kick off the week with its latest
report. The Los Angeles-based firm primarily engages in oil and
gas exploration and production, allowing them to benefit from
some recent discoveries in California. Analysts will be looking
for a healthy EPS of $1.62 with revenues just shy of $6.5
billion. OXY has surpassed its last four earnings expectations,
so investors will be looking for more of the same today.
): Halliburton has its hands in nearly every facet of the oil and
gas industry, segmenting its operations by drilling and
production. The stock maintains a healthy market cap of over $35
billion while paying out a dividend of just over 1%. The firm
will report before market open today, so look for the stock to be
a big mover throughout the day. Analysts expect EPS of $0.57 with
revenues just below $7 billion. Similar to OXY, Halliburton has
either met or surpassed its past four earnings marks.
): Prior to spinning off its downstream services to
) in May 2012, ConocoPhillips was the fifth largest oil firm in
the world. COP still touts a market cap of roughly $70 billion
and a handsome EPS of over $5. When the company reports prior to
market open on Thursday, The Street will look for EPS of $1.40 as
the stock looks to overcome a period of shaky earnings reports.
COP has missed three of its last four estimates.
(AAPL) continues to struggle, Exxon looks to take back the crown
of largest firm in the world with its before-market-open report
Thursday. The oil behemoth has over $380 billion in market cap
and trades more than 12.8 million shares on a daily basis.
Analysts have set the EPS of $2.04 with revenues just over $123
billion. Note that XOM has missed two of its last four reports
and revenue projections for the coming two quarters are lower
than the year prior.
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Editor's note: This article by Jared Cummans was originally
(CVX): Closing out the week, Chevron will report earnings prior
to the opening bell on Friday. With a market cap of over $220
billion, Chevron is one of the best-known names in the energy
space. Analyst expectations have pegged EPS at $3.06 with
revenues just shy of $68 billion. Note that CVX has also missed
two of its last four reports.