Oil and gas major-giant giant Exxon Mobil (XOM) is scheduled to release its Q3 earnings results tomorrow on Oct 28 before the opens with a conference call to follow at 9:30 am ET the same day.
Capital IQ Consensus calls for EPS of $0.60 and a revenue decline of 10.0% to $60.6 bln, compared to EPS of $1.01 on revenue of $67.3 bln in 3Q15
The company announced an oil discovery in offshore Nigeria; potential recoverable resource of between 500 mln & 1 bln barrels of oil. Some color about this find was in the press release. Color on this tomorrow will be good.
In other news that just came out a couple of hours ago, Exxon Mobil is mulling setting up a full-scale trading division, according to the FT.
XOM Chart: https://www.tradingview.com/x/ceKwvDIR/
Peers include: PTR, EC, TOT, SNP, STO, E, OXY, SSL, MITSY, ECA, YPF, PZE, RDS.A, BP, CVX