A Look at Oil and Gas Supermajors Before Earnings

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…

Earnings expectations

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

Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31 2012*
Exxon Mobil $1.93 $2.00 $3.42 $2.08 $2.00
Chevron $2.56 $3.27 $3.66 $2.68 $3.04
BP $2.40 $1.84 $-0.44 $1.70 $1.11

*Mean expectation

All three supermajors have trended down on the stock chart heading into the Friday earnings frenzy, but BP at least is still in positive territory for the week. Chevron was hit with a $1 million fine for a fire at its Richmond refinery in the San Francisco Bay Area on Thursday, which is weighing on the stock.

Exxon Mobil Corporation Common Stock Chart - XOM Interactive Chart - Yahoo! Finance

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