Earnings Preview: Oil Majors Likely to Deliver Weak Results
Автор: TheStreet
Загружено: 2015-04-29
Просмотров: 47
Описание:
Dan Dicker, Energy contributor for TheStreet.com, talks with Brittany Umar about the upcoming quarterly earnings reports coming in this week from U.S. oil majors. Two European oil majors, BP and Total, have reported significantly lower revenues from dropping oil prices, a result that is likely to be repeated by Exxon-Mobil (XOM) and Royal Dutch Shell (RDS.A) who report on Thursday, and Chevron (CVX), who will report on Friday. Saving a complete catastrophe will likely be increased profits from refining, transport and chemicals. Dicker believes that oil stocks won't see a major move based upon these bad, but expected results. Of all the majors, however, he likes Exxon among US producers and BP for a play on a weakening dollar.
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