Occidental Petroleum Leads Diversified E&P Q2 Beats With $8.33 Billion Revenue

EarningsCommodity
โดย Yahoo Finance·US·Read original
Summary · why it matters

Occidental Petroleum posted the largest analyst estimate beat among the five diversified upstream exploration and production stocks tracked, reporting $8.33 billion in revenue, up 57.1% year on year and 15.3% above consensus. As a group, the five diversified upstream E&P stocks beat analysts' consensus revenue estimates by 9.7% in an exceptional second quarter, and their share prices have risen 15.6% on average since the results. ExxonMobil reported $116 billion in revenue, up 42.3% year on year and 6.8% above expectations, while Chevron, the weakest performer against estimates in the group, reported $70.06 billion, up 56.3% and 6.2% ahead of consensus. Devon Energy delivered the fastest revenue growth among its peers at 67.4%, reaching $6.89 billion and topping expectations by 10.3%, and ConocoPhillips reported $19.52 billion, up 32.4% and 9.6% above estimates, the slowest growth in the group. Occidental Petroleum shares are up 17.9% since reporting and trade at $63.45, ExxonMobil is up 7.9% at $169.40, Chevron is up 13.1% at $217.43, Devon Energy is up 16.5% at $51.34, and ConocoPhillips is up 22.8% at $141.27.

Impact on stocks 5

Energy▲ · 3 stocks
ConocoPhillips
COP
▲ PositiveCapitalrelevance

ConocoPhillips reported $19.52B revenue, up 32.4% YoY and 9.6% above consensus, part of the group's Q2 beats.

Chevron Corp
CVX
▲ PositiveCapitalrelevance

Chevron reported $70.06B revenue, up 56.3% YoY and 6.2% above consensus, though the weakest beat in the group.

Devon Energy Corporation
DVN
▲ PositiveCapitalrelevance

Devon Energy posted the fastest revenue growth at 67.4% to $6.89B, topping estimates by 10.3%.

Carbon Removal (DAC)▲ · 1 stocks
Energy Transition & Power Demand▲ · 1 stocks
Exxon Mobil Corp
XOM
▲ PositiveCapitalrelevance

ExxonMobil reported $116B revenue, up 42.3% YoY and 6.8% above expectations.

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