Oil Stocks in Spotlight Friday: Chevron, ExxonMobil, BP Could Show Impact of Higher Gas Prices
Key takeaways
- Oil majors are poised for a strong earnings beat, with higher gas prices likely driving double‑year‑ago gains in profit and revenue.
- BP estimate $2.62 vs. $0.85 last year
EPS
Earnings per share — profit for one share of the company, in dollars.
- BP revenue estimate $68.09 billion vs. $48.42 billion last year
- ExxonMobil estimate $4.08 vs. $1.88 last year
EPS
Earnings per share — profit for one share of the company, in dollars.
What happened
Three major U.S. oil majors—BP Plc, Chevron Corp, and ExxonMobil—will report their third‑quarter earnings before the market opens on Friday. Analysts project earnings per share and revenue that are more than double the same period a year ago, driven by higher gasoline prices and stronger global demand. BP is expected to earn $2.62 Earnings per share — profit for one share of the company, in dollars.EPS
Why it matters
Higher gas prices translate into higher upstream and refining margins for these majors, boosting their profitability and cash flow. The earnings estimates suggest a significant lift over last year, which could support further share price gains and influence investor sentiment toward the energy sector. Strong results…
Short-term and longer-term
Short-term. In the next few days, traders should watch for any surprise in Earnings per share — profit for one share of the company, in dollars.EPS
Longer-term. Over the coming months, the earnings releases will shape the narrative around the energy sector’s valuation.
Words on this card
- EPS Learn
- Earnings per share, the portion of a company’s profit allocated to each outstanding share of common stock.
- Revenue
- Total income generated from sales of goods or services before expenses are deducted.
- All‑time high
- The highest price a stock has ever traded at.
- YTD
- Year‑to‑date, the period from the start of the current calendar year to today.
- Earnings Learn
- A company’s results report — usually profit and sales for a quarter, plus any update on what comes next.