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This week marks another pivotal five days for corporate earnings as a number of big names will report.
A handful of the world’s largest oil firms will be reporting this week, and you’ve probably noticed that expectations are far lower than those of last year. Oil stocks have been put into a vice with the collapse of crude prices and investors are waiting on the edge of their seats to see how they have fared in such a tough environment. Crude prices have picked up in the last few weeks, but the majority of the first quarter saw low prices, muting earnings expectations.
Take a close look at each report from these firms regarding their commentary on future earnings. Investors will want to see how these companies plan to grow revenues if crude prices remain relatively low so outlook will be key in each of these reports.
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