• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 10 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 days Does Toyota Know Something That We Don’t?
  • 5 days World could get rid of Putin and Russia but nobody is bold enough
  • 19 hours America should go after China but it should be done in a wise way.
  • 7 days China is using Chinese Names of Cities on their Border with Russia.
  • 8 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 8 days OPINION: Putin’s Genocidal Myth A scholarly treatise on the thousands of years of Ukrainian history. RCW
  • 8 days CHINA Economy IMPLODING - Fastest Price Fall in 14 Years & Stock Market Crashes to 5 Year Low
  • 7 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 8 days Putin and Xi Bet on the Global South
  • 8 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
  • 9 days United States LNG Exports Reach Third Place
  • 9 days Biden's $2 trillion Plan for Insfrastructure and Jobs
Martin Tillier

Martin Tillier

More Info

Where To Look For Value This Earnings Season

It’s that time again! A few weeks after the end of each calendar quarter-year, we enter what is known as earnings season, when quarterly results for corporations come thick and fast. As much as we like to kid ourselves that there is some hidden driver of stock prices that only we know, the reality is that they are simply a reflection of the past and expected future profitability of companies, which is what makes this time so important. Big energy companies usually release their results late in the season, which makes now a good time to look ahead at what to expect over the next couple of weeks.

Although the likes of Exxon (XOM) and Chevron (CVX) have yet to report, there was one energy sector earnings release this morning, and it is one that often gives clues as to what to expect. Schlumberger (SLB) reported earnings and revenue that were just about dead in line with expectations, so told us nothing really. The interesting information, however, came in their outlook. While the Houston-based oilfield services company said that U.S. shale oil had returned to a growth area there was weakness elsewhere, particularly in the Gulf of Mexico.

The immediate and obvious conclusion is that that is bad news with regard to the oil earnings to come, but that is not the case. The move away from deep water drilling and towards fracking shale rock in the U.S. has been well documented for some time. It should therefore come as no surprise to anyone that the recovery in operations…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News