Rochester, NY 8/4/2009 8:49:26 PM
XOM - Chevron go after XOM to the Battlefield
EXXON MOBIL CP
EXXON MOBIL CP, XOM
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ExxonMobil's an integrated oil and gas company earnings release. That way, you don't look so forlorn when you show up with earnings that, when compared to last year's, look like they've been pushed over a cliff.
Chevron, the second-largest U.S.-based integrated producer, didn't have the best Friday. The company saw its earnings slide to $1.75 billion -- $0.87 a share -- compared to $5.98 billion, or $2.90 per share, a year ago. Analysts following the company had expected EPS of $0.95. That said, in my own days as an analyst, I found accurately predicting earnings in a period of rapid change to be just about impossible.
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