A Look at Oil and Gas Supermajors Before Earnings

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Oil and gas supermajors Chevron (NYSE:CVX), and Exxon Mobil (NYSE:XOM) will  report earnings before the markets open tomorrow, and BP (NYSE:BP) will follow up on Tuesday. In order to get ahead of the rush, here’s a snapshot of where the companies stand heading into earnings, and what analysts are expecting from them.

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Revenue expectations

Here’s a rundown of past revenue and expected revenue for the three companies:

Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31 2012*
Exxon Mobil $107,419 $110,696 $104,718 $103,417 $115,220
Chevron $56,375 $59,014 $59,457 $55,867 $68,640
BP $96,340 $96,700 $94,890 $93,120 $82,630

*Mean expectation

Oil and gas companies are heading into 2013 with expectations for global demand to increase 1 percent over 2012. Price prospects are also currently on solid footing, with Brent at about $115 per barrel and WTI at $97 per barrel…

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