Exxon Mobil and Chevron are expected to report lower quarterly earnings per shar...
NEW YORK - Exxon Mobil and Chevron are expected to report lower quarterly earnings per share when compared with last year’s first quarter, though their stocks have outperformed smaller companies with both in the midst of aggressive expansion plans in shale oil.
“We’re not looking for a great first quarter for the group,” said Blake Fernandez, senior research analyst with Piper Jaffray & Co’s Simmons Energy. Exxon, the world’s largest publicly traded oil producer, is expected to earn 69 cents a share, down from $1.09 a year ago. Revenues are expected to come in at $64.8 billion, down 5 percent from a year ago, according to Refinitiv Eikon estimates.
Exxon’s fourth-quarter Permian oil and gas output was 300,000 bpd; it plans to boost that to more than 1 million bpd by 2024, it said last month.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Exxon Mobil makes new oil discovery offshore GuyanaExxon Mobil Corp said on Thursday the U.S. oil major along with its partners hav...
Baca lebih lajut »
ExxonMobil agrees 20-year LNG deal with China's Zhejiang EnergyExxon Mobil Corp said it has signed a 20-year agreement to supply liquefied natu...
Baca lebih lajut »
Exxon is helping China move away from coalChina is turning to ExxonMobil to help meet its insatiable appetite for cleaner energy as the country moves away from coal.
Baca lebih lajut »
Here's what the Street expects from Twitter's first-quarter earningsTwitter is set to release its first quarter 2019 earnings on Tuesday.
Baca lebih lajut »
Facebook jumps after reporting first-quarter earningsFacebook said it took a one-time charge of $3 billion due to an ongoing Federal Trade Commission inquiry.
Baca lebih lajut »
Snap to report first-quarter earnings after the bellSnap investors will be looking for signs that last quarter's user growth was no fluke.
Baca lebih lajut »
Facebook to report first-quarter earnings after the bellFacebook investors will be looking for signs it can shift its business to focus more on privacy while continuing to grow revenue and users.
Baca lebih lajut »
Tesla misses big on first-quarter earnings as demand fell for electric carsAfter lackluster Model 3 deliveries, Tesla posted a wider-than-expected loss and less revenue than anticipated during the first quarter.
Baca lebih lajut »
Tesla misses big on first-quarter earnings as demand fell for its electric carsExecutives braced investors for another loss in the second quarter before returning to profitability in the second half of the year.
Baca lebih lajut »
Microsoft pops on earnings report after better-than-expected third-quarter revenueMicrosoft reported higher-than-expected revenue in Q3 2019, bringing in $30.57 billion last quarter compared to the estimated $29.84 billion.
Baca lebih lajut »
AmEx posts lower-than-expected first-quarter revenueCredit card issuer American Express Co's quarterly revenue missed analysts&...
Baca lebih lajut »