How Are Oil Stocks Doing Halfway Through Earnings Season?

[dowmike + 37]

Thought I'd start this thread so we could compare and contrast all the Q2 earnings in the oil patch. I see TomTom already put Chesapeake out there and I'll respond to that one separately, but maybe we can keep a running tab here for all the notables. Most notably for me was Marathon, which missed on earnings and revenue, with an earnings surprise of -28.57%. That's a major reverse from Q1 when it beat expectations. 

 

[Rodent + 1,424]

Tesla reported today too. 

Chevron : https://oilprice.com/Latest-Energy-News/World-News/Chevron-Announces-Share-Buybacks-But-Misses-On-Earnings.html

Total: https://oilprice.com/Energy/Energy-General/Totals-Record-Production-Boosts-Q2-Profit.html

ConocoPhillips; https://oilprice.com/Latest-Energy-News/World-News/ConocoPhillips-Returns-To-Q2-Profit-On-Higher-Oil-Prices.html

recap of many: https://oilprice.com/Energy/Energy-General/The-Winners-And-Losers-This-Earnings-Season.html

[TomTom + 183]

I'm more surprised by Phillips 66 earnings - usually, refiners see their margins shrink as oil prices soar, but PSX has outperformed and surprised most analysts..

[TraderTate + 186]

I think it just hasn't caught up yet?