Integrated energy stocks ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP) have been rising in the current quarter.
ExxonMobil and Chevron surprised markets with strong third-quarter earnings results on Friday. Their adjusted EPS beat analysts' estimates.
ExxonMobil and Chevron are expected to post dull numbers in the third quarter. They're scheduled to report their third-quarter earnings on November 1.
Berenberg cut its target price on ExxonMobil (XOM) stock from $73 to $63, according to Reuters. Analysts’ mean target price on ExxonMobil stock is $80.
Integrated energy stocks slumped in the third quarter. Lower oil prices, equity market volatility, and macro concerns hammered the stocks.
Integrated energy stocks slumped in the third quarter. Royal Dutch Shell (RDS.A) stock fell the most, dropping 9.6% in the third quarter.
Integrated oil companies ExxonMobil and Chevron have strong upstream portfolios, which play a vital role in determining their profitabilities.