Tag: BP stock

Chevron's (CVX) and ExxonMobil's (XOM) stocks have reacted differently to the companies' earnings releases on November 1.

BP has the highest correlation coefficient of 0.60 with WTI, followed by Shell at 0.57. Meanwhile, ExxonMobil and Chevron have relatively low correlations.

Royal Dutch Shell (RDS.A) and BP’s (BP) earnings fell in the third quarter. While BP’s profits fell 41%, Shell’s earnings fell 15%.

ExxonMobil and Chevron released their Q3 earnings results on November 1. While Berenberg has raised ExxonMobil's target, it has lowered Chevron's.

ExxonMobil and Chevron surprised markets with strong third-quarter earnings results on Friday. Their adjusted EPS beat analysts' estimates.

The long-awaited Saudi Aramco IPO is confirmed. Based on estimates, this could be the largest IPO. Also, Aramco could be the biggest listed company.

BP will release its third-quarter earnings results on October 29. In the quarter, integrated energy companies faced severe business conditions.

Energy stocks are slumping due to falling equity markets and plunging oil prices. So far this month, the S&P 500 Index has fallen 2.8%.

Leading energy stocks like ExxonMobil (XOM) and Chevron (CVX) are facing bleak business conditions. Oil prices have been weaker in the third quarter.

BP (BP) stock rose 3.9% on Monday due to higher oil prices. The drone attack on Saudi Arabia’s oilfield increased WTI crude oil by about 13%.