Filed under: Earnings reports, Exxon Mobil (XOM), Chevron Corp (CVX), Oil

While Marathon Oil Corp. (NYSE: MRO) reported a fall off in fourth-quarter earnings today, Chevron Corp. (NYSE: CVX) and Exxon Mobil Corp. (NYSE: XOM) are scheduled to report their fourth-quarter results tomorrow morning. Here’s a quick peek at these two companies.

Chevron missed earnings expectations in the past two quarters. When it reported third-quarter results back in November, its earnings per share of $1.97 missed the consensus estimate of analysts polled by Thomson Financial by ten cents. Earnings were $2.29 per share in the same period of the previous year. For the current quarter, analysts expect earnings of $2.24 per share, or $8.36 per share for the full year. That’s up from $7.93 for 2006.

Chevron’s 29.1% earnings per share growth forecast for the next three to five years is a bit more than the industry average, as well as the S&P 500. The analysts’ consensus recommendation is to hold Chevron. Shares are down from the 52-week high of $95.50 back in September, and closed Thursday at $83.22.

For oil prices and other news that could influence the earnings results, see BloggingStocks’ Chevron coverage.

Continue reading Earnings previews: Chevron and Exxon

Permalink | Email this | Comments

Share This

This entry was posted on Thursday, January 31st, 2008 at 11:23 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.