The Market, Energy, Political Page, T+57 -- July 27, 2018

It's a tough market, LOL. EW, link here:

• earnings crush expectations
• earnings forecast: $1.24
• earnings, actual: $1.32
• but, huge revenues miss
• revenues, forecast: $965 million
• revenues, actual: $944 million
• guidance: oh, oh - down to 93 cents to $1.03
• guidance: oh, oh - revenues down to $900 to $950 million
• shares plummet over 6%

XOM, link here:

• "big miss" on earnings; beats on revenue
• will  have to wait for earnings call to put this in perspective
• forecast: $1.27/share
• actual: 92 cents -- wow!
• revenue forecast:$72.58 billion; actual, $73.5 billion
• shares fall 2%
• in line with what has been posted on the blog the past couple of years: XOM is under-performing relative to its international peer

CVX, link here:

• shares up in pre-market trading: do traders know something?
• Later, 7:35 a.m. CDT: shares just turned negative; don't see earnings yet; insiders must know
• misses on both top and bottom lines
•  EPS, big miss: $1.78 vs $2.09 forecast
• revenue, big miss: $42.24 billion vs $45.59 billion forecast

Shell: also missed on earnings; beat on revenues; link here;

• revenues: $96.8 billion
• EPS; $1.10 vs $1.40 -- that's a pretty big miss (similar to Exxon's's, I suppose)
• adjusted EPS was 30% higher than its adjusted EPS year-over-year

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