Earnings preview: What to expect from ExxonMobil’s Q4
Shares of ExxonMobil (XOM) have tumbled 12.5% since it last reported earnings results on November 2.
Though shares were initially buoyed by the stronger-than-expected third-quarter results, investors soon turned their focus to the spiraling crude oil prices, which fell almost 40% in the October to December period.
Oil prices, however, partially recovered in the start of this year when Russia and OPEC countries slashed its production, as promised, from January 1.
Q4 Earnings Preview For Chevron
On Friday, Feb. 1, Chevron CVX 0.03% will report its last quarter’s earnings. Here is Benzinga’s take on the company’s release.
Based on management’s projections, Chevron analysts model for earnings of 2 per share on sales of $46.34 billion.
Over the last 52-week period, shares are down 12.04 percent. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release
GE shares are soaring on earnings.
General Electric surged Thursday for its best day since March 2009 after the company’s earnings beat Wall Street’s expectations.
The long-embattled stock was up as much as 18 percent at the highs of the session, cracking the $10 mark for the first time since November.