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Exxon and Chevron first quarter EPS exceed estimates, Tracy Shuchart notes

Exxon and Chevron first quarter EPS exceed estimates, Tracy Shuchart notes
Exxon and Chevron deliver earnings beats

Tracy Shuchart, independent trader and strategist at Independent / Trader, reports that both Exxon and Chevron delivered first quarter earnings beats.

Exxon posted adjusted earnings per share of $1.16, exceeding analyst estimates of 96 cents. Chevron reported adjusted earnings per share of $1.41, also surpassing expectations of 90 cents.

Shuchart has previously highlighted challenges in the oil sector, stating that a two week hold does not resolve oil market issues. She also noted the impact of rising oil prices in global markets as Malawi raised its petrol price to $3.86 per liter. Both updates add context to recent corporate earnings strength in the energy sector.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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