A Look at Oil and Gas Supermajors Before Earnings

  Google+  Twitter | + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

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.

Investors are making great returns as markets roar higher. Join the party. Click here to discover our Feature Stock Pick now!

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…

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business