Occidental Petroleum’s earnings estimate
Occidental Petroleum (OXY) is set to report its 2Q17 earnings on August 2, 2017, after the market closes. For 2Q17, excluding one-time items, the net income estimate for OXY is ~$109.0 million. It’s expected to turn its losses from a year ago into profits. In 2Q16, OXY reported adjusted net income of approximately -$136.0 million. However, its 2Q17 net income estimate is lower than ~$124.0 million in 1Q17.
Valero’s 2Q17 earnings result
Whiting Petroleum’s earnings outcome
On July 26, 2017, after the market closed, Whiting Petroleum (WLL) reported its 2Q17 earnings. It reported revenue of $311.0 million compared to the estimate of ~$369.0 million. In the corresponding quarter last year, WLL reported revenue of $337.0 million, while in 1Q17, it reported revenue of $371.0 million.
EQT’s earnings result
On July 27, 2017, EQT (EQT) reported its 2Q17 earnings. Its revenue was $691.0 million compared to the estimate of $658.0 million. In 1Q17, it was $897.5 million.
Shell’s 2Q17 earnings
In 2Q17, Shell’s revenues missed the Wall Street analyst estimate by 1.0%. But its adjusted diluted EPS (earnings per share) stood at $0.86 compared to its estimated EPS of $0.75, beating analysts’ EPS estimate. Notably, Shell’s 2Q17 EPS was more than three times its 2Q16 adjusted EPS.
Devon Energy’s earnings estimate
Devon Energy (DVN) is set to report its 2Q17 earnings on August 1, 2017, after the market closes. Excluding any one-time items, the current consensus net income estimate for the company in 2Q17 is ~$169.0 million. On a year-over-year basis, DVN is expected to report ~412.0% higher profits than its 2Q16 adjusted net income of ~$33.0 million.