Exxon Mobil Likely To Report Higher Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Exxon Mobil (XOM) is expected to report higher Q2 earnings and revenue, with analysts projecting $2.01 EPS and $90.99 billion in revenue. The company, along with CNOOC Ltd, has filed arbitration claims regarding Hess Corp's (HES) stake in a Guyana joint venture, potentially affecting Chevron's (CVX) acquisition of Hess. Recent analyst ratings show mixed views on Exxon Mobil's stock.
August 02, 2024 | 6:33 am
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POSITIVE IMPACT
Exxon Mobil is expected to report higher Q2 earnings and revenue. The company has also filed arbitration claims with CNOOC Ltd regarding Hess Corp's stake in a Guyana joint venture, which could impact Chevron's acquisition of Hess. Recent analyst ratings show mixed views.
The expectation of higher earnings and revenue is positive for Exxon's stock. However, the arbitration claims could introduce some uncertainty. Mixed analyst ratings add to the complexity of the stock's short-term outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Chevron's proposed $53 billion acquisition of Hess Corp could be impacted by arbitration claims filed by Exxon Mobil and CNOOC Ltd regarding Hess's stake in a Guyana joint venture.
The arbitration claims by Exxon and CNOOC Ltd could complicate Chevron's acquisition of Hess, potentially leading to delays or additional costs, which could negatively impact Chevron's stock in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 70
NEGATIVE IMPACT
Hess Corp's stake in a Guyana joint venture is under arbitration claims by Exxon Mobil and CNOOC Ltd, which could affect Chevron's proposed acquisition of Hess. This introduces uncertainty around the acquisition.
The arbitration claims by Exxon and CNOOC Ltd introduce uncertainty around Chevron's acquisition of Hess, which could negatively impact Hess's stock in the short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 80