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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
May they dip into oblivion ⤵
That just makes me soooooo sad. 🙄
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here's what the Street expects from Twitter's first-quarter earningsTwitter is set to release its first quarter 2019 earnings on Tuesday.
Source: CNBC - 🏆 12. / 72 Read more »
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. YOU are the product SPONGEBOB FACT: SpongeBob is very happy right now!! He owns a good amount of Facebook shares
Source: CNBC - 🏆 12. / 72 Read more »
Snap to report first-quarter earnings after the bellSnap investors will be looking for signs that last quarter's user growth was no fluke.
Source: CNBC - 🏆 12. / 72 Read more »
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. Ok
Source: CNBC - 🏆 12. / 72 Read more »
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. Never store your crypto on any exchange ! It is not secured, Get a New Ledger Nano X today at discount price Demand fell for Teslas dawg...don’t conflate it! Did sales of total EV increase during the same period? Are consumers switching to other brands?
Source: CNBC - 🏆 12. / 72 Read more »
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. The Pied Piper! BayAreaBS Q1HugeLoss ShortTSLA TraderSimon in the next two years tesla will face huge competition
Source: CNBC - 🏆 12. / 72 Read more »
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. Happy to see that your crypto community is getting mature and growing fast. To stay tuned we highly recomment to check our partners instacryptonews , They have great service. ever so happy you guys are pumping up the market, it always looks the best just before it shits the bed. ClosingBell Microsoft is involved in Government Cyber Security as seen on 60 Minutes Sunday. I was unaware of this & this is a big deal & very positive.
Source: CNBC - 🏆 12. / 72 Read more »