Earnings Outlook: Exxon, Chevron earnings bring worries about oil prices to the forefront

Earnings Outlook: Exxon, Chevron earnings bring worries about oil prices to the forefront

Exxon Mobil Corp. and Chevron Corp. face Wall Street scrutiny this week amid heightened negative sentiment for the sector and plunging oil prices.. are expected to report fourth-quarter earnings before the bell on Friday.. The pullbacks in oil and natural-gas prices have led to a drop around 5% in fourth-quarter consensus for oil majors broadly, analysts at JPMorgan said in a note Monday.. Earnings: Analysts polled by FactSet expect Exxon to report GAAP earnings of 75 cents a share, which would compare with GAAP earnings of $1.41 a share in the fourth quarter of 2018.. Adjusted profit is seen at 46 cents a share, which would compare with $1.29 a share in the year-ago period.. Estimize, a crowdsourcing platform that gathers estimates from Wall Street analysts as well as buy-side analysts, fund managers, company executives, academics and others, is expecting earnings of 58 cents a share for Exxon.. For Chevron, the FactSet-surveyed analysts expect GAAP earnings of $1.51 a share and adjusted earnings of $1.44 a share, which would compare with GAAP and adjusted earnings of $1.95 a share in the fourth quarter of 2018.. Estimize sees revenue of $68.7 billion for the company.. For Chevron, revenue is seen at