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Beats and Misses in Q1 2019: XOM, CVX, RDS.A, and BP

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Integrated energy stocks’ beats and misses in the first quarter

Integrated energy companies ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP) put up dull performances in the first quarter of 2019. While ExxonMobil’s earnings results missed Wall Street analysts’ estimates, others have surpassed them. Let’s review each company’s performance.

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ExxonMobil’s first-quarter earnings missed the estimate

In the first quarter of 2019, ExxonMobil’s revenue of $63.6 billion missed Wall Street’s estimate by ~2%. The company’s first-quarter EPS stood at $0.55, missing analysts’ estimated EPS of $0.70 by ~21%. ExxonMobil’s first-quarter EPS were also 50% lower than its EPS in the first quarter of 2018.

Chevron’s first-quarter earnings exceeded the estimate

In the first quarter of 2019, Chevron’s revenue of $35.2 billion missed analysts’ estimate. In the first quarter, Chevron’s adjusted EPS stood at $1.39, which surpassed analysts’ estimated EPS of $1.30 by ~7%. However, Chevron’s adjusted EPS were ~27% lower than its adjusted EPS in the first quarter of 2018.

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Shell’s first-quarter earnings surpassed the estimate

In the first quarter of 2019, Shell’s revenue of $83.7 billion missed analysts’ estimate. However, in the quarter, Shell’s adjusted earnings per American depositary share stood at $1.30, surpassing analysts’ estimate of $1.05. Shell’s first-quarter adjusted EPS fell 2% YoY (year-over-year).

BP’s first-quarter earnings beat the estimate

BP’s first-quarter revenue stood at $66.3 billion, surpassing analysts’ estimate by ~9%. Its adjusted earnings per American depositary share stood at $0.70, which exceeded analysts’ estimate of $0.67 by ~4% in the first quarter of 2019. However, BP’s adjusted EPS fell 10% YoY in the first quarter.

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