Beats and misses

Integrated energy companies including ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP) had strong performances in the fourth quarter. All of the companies beat analysts’ fourth-quarter earnings estimate.

XOM, CVX, RDS.A, and BP: Beats and Misses in Q4

ExxonMobil

In the fourth quarter, ExxonMobil’s revenues at $71.9 billion missed analysts’ estimates by ~7%. However, the company’s fourth-quarter adjusted EPS was $1.4, which beat analysts’ estimated EPS of $1.1 by ~31%. ExxonMobil’s fourth-quarter adjusted EPS was 60% higher than its adjusted EPS in the fourth quarter of 2017.

Chevron

In the fourth quarter, Chevron’s revenues at $42 billion missed analysts’ estimate. In the fourth quarter, Chevron’s adjusted EPS was $1.95, which beat analysts’ estimated EPS of $1.87 by ~4%. Chevron’s adjusted EPS was ~171% higher than its adjusted EPS in the fourth quarter of 2017.

Shell

In the fourth quarter, Shell’s revenues at $102.2 billion beat analysts’ estimates. During the fourth quarter, Shell’s adjusted EPS was $1.4—compared to its estimated EPS of $1.3. Shell’s adjusted EPS beat analysts’ estimate. Shell’s fourth-quarter adjusted EPS rose 15% year-over-year.

BP

BP’s fourth-quarter revenues were $75.7 billion, which beat analysts’ estimate by ~2%. BP’s adjusted EPS was $1.02, which beat analysts’ estimate of $0.84 in the fourth quarter. BP’s adjusted EPS rose 55% YoY in the fourth quarter.

Net, we’ll discuss these companies’ fourth-quarter earnings in more detail.

Latest articles

WeWork is gearing up for an IPO. On Wednesday, the company made its IPO filing with the SEC public and expects to garner $3.5 billion from its IPO.

After FCC Chairman Ajit Pai recommended the approval of the T-Mobile–Sprint merger, Representative David Cicilline urged the FCC to allow public comment.

Cresco Labs (CRLBF) is set to report its Q2 earnings on August 21 after the market closes. The company's stock fell 5.3% yesterday.

Cannabis stocks mostly traded in positive territory today. Supreme Cannabis (FIRE) and Aurora Cannabis (ACB) rose about 9.5% and 5.5%, respectively.

NVIDIA (NVDA) stock soared 6% in today’s trading session as its Q2 earnings for fiscal 2020 beat estimates. However, its guidance missed estimates.

Nio Inc. (NIO) has disrupted the automotive space since 2014 but only made waves in the market since its IPO. Investors have suffered numerous setbacks.