How Are Oil Stocks Doing Halfway Through Earnings Season?

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. 

 

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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..

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I think it just hasn't caught up yet?

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