Earnings: Big Week for Big Oil

By Commodity HQ  JAN 27, 2014 10:10 AM

Phillips 66, Marathon Petroleum, Exxon Mobil, and others are reporting quarterly results this week.

 


As earnings season kicks into full gear, all eyes turn to the reports of some of the world’s most powerful commodity firms to comment on the asset class as a whole. This week sees the heat turned up on the energy space, as some of the biggest players in the world of oil are on deck, as well as a few other companies sprinkled in throughout the week:
The Bottom Line

As with every earnings report, we remind investors that every release is a two-pronged event: the numbers and the guidance. Strong numbers can overrule bad guidance and vice versa (though bad guidance is more often than not a kiss of death for the stock’s intraday performance). Be sure to pay attention to both aspects of each report to properly analyze and react.

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Editor's note: This article by Jared Cummans was originally published on Commodity HQ
No positions in stocks mentioned.