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Large-Cap Oil Earnings: What to Watch

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Keeping at eye on these earnings: 

Today (Monday): Halliburton (HAL)

Wednesday: Hess (HES)

Thursday: ConocoPhillips (COP)

Friday: Exxon, Chevron

Of these, should note that two (COP, HES) have actually seen some boost from increased oil prices. Both up 20% so far this year. 

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$HAL Net income for Q1--finally, compared to loss in Q1 2017. Still, it's trading down on the day. They hit analyst forecasts, so not sure why the fall here.

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Most of them are trading down despite good fundamentals. Technicals looks pretty good for oil prices, too. But some analysts saying that a strong open today would signal higher prices for the week, while weak open would signal short-term price retracement back to the $66.70 per barrel support level. So still not so sure how much the earnings are going to affect these stocks. I would think HAL would shine but nothing is as it seems, and HES and COP have been the best performers. 

 

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I'll skip HAL, but definitely watching HES and COP, but HES has my real attention. 

Screen Shot 2018-04-23 at 2.15.35 PM.png

Screen Shot 2018-04-23 at 2.15.47 PM.png

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sure is nice to talk about REAL fundamentals ... 

but it's not helping HAL stock any: 

 

Screen Shot 2018-04-24 at 12.41.14 PM.png

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It seems that investors are not too happy with the oil industry's long-term prospects despite the robust results and result projections. 

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Hess Q1 financials in today. Smaller than forecasted loss, stock up 1.72% on the day.

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will be watching HES closely ... stay tuned

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Chevron looking good. Upbeat earnings report. (unlike Exxon)

 

Screen Shot 2018-04-27 at 1.58.18 PM.png

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