Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Equity Bottom-Up

<ul>
<li>ExxonMobil’s Q4 revenue is expected to rise 2.5% YoY while its EPS is anticipated to fall 36.3%. Annual revenue and EPS are expected to fall by 1.9% YoY and 18.1%.</li>
<li>Exxon expects Q4 2024 upstream earnings to drop USD 500–900 million QoQ due to lower crude prices, with refining margins further reducing earnings by USD 300–700 million.</li>
<li>ExxonMobil plans to invest up to USD 30 billion in low-emission projects by 2030, with its Low Carbon Solutions business expected to contribute an additional USD 2 billion in earnings.</li>
</ul>


ExxonMobil’s Q4 revenue is expected to rise 2.5% YoY while its EPS is anticipated to fall 36.3%. Annual revenue and EPS are expected to fall by 1.9% YoY and 18.1%.
Exxon expects Q4 2024 upstream earnings to drop USD 500–900 million QoQ due to lower crude prices, with refining margins further reducing earnings by USD 300–700 million.
ExxonMobil plans to invest up to USD 30 billion in low-emission projects by 2030, with its Low Carbon Solutions business expected to contribute an additional USD 2 billion in earnings.


[Earnings Preview] Exxon Q4 Profitability Faces Pressure from Lower Oil Prices and Refining Margins

<ul>
<li>Halliburton’s revenue is projected to decline 1.7% YoY, with EPS down 18.6%, driven by subdued upstream activity induced by oil price volatility and weak global demand.</li>
<li>Halliburton expects a 1%-3% QoQ revenue decline, and a 75-125 bps margin drop in its Completion and Production segment for Q4.</li>
<li>In contrast, revenue from its Drilling and Evaluation (D&amp;E) segment is forecasted to grow between 0% to 2%, with margins flat or improving by up to 50 bps.</li>
</ul>


Halliburton’s revenue is projected to decline 1.7% YoY, with EPS down 18.6%, driven by subdued upstream activity induced by oil price volatility and weak global demand.
Halliburton expects a 1%-3% QoQ revenue decline, and a 75-125 bps margin drop in its Completion and Production segment for Q4.
In contrast, revenue from its Drilling and Evaluation (D&amp;E) segment is forecasted to grow between 0% to 2%, with margins flat or improving by up to 50 bps.


[Earnings Preview] Halliburton Expected to Post Subdued Q4 Results on Tepid Upstream Activity

<ul>
<li>Schlumberger’s Q4 2024 revenue is expected to increase by 2.6% YoY and EPS by 7.1%. For fiscal 2024, revenue is expected to rise 9.3% YoY and EPS by 14.4%.  </li>
<li>SLB surpassed analyst EPS projections for the past four consecutive quarters, despite facing headwinds from lower drilling activity in North America and slowing international expenditures.</li>
<li>SLB completed the construction of the world's first industrial-scale carbon capture facility in Q4. It also enhanced its digital solutions portfolio and secured major contracts for deepwater operations.</li>
</ul>


Schlumberger’s Q4 2024 revenue is expected to increase by 2.6% YoY and EPS by 7.1%. For fiscal 2024, revenue is expected to rise 9.3% YoY and EPS by 14.4%.  
SLB surpassed analyst EPS projections for the past four consecutive quarters, despite facing headwinds from lower drilling activity in North America and slowing international expenditures.
SLB completed the construction of the world's first industrial-scale carbon capture facility in Q4. It also enhanced its digital solutions portfolio and secured major contracts for deepwater operations.


[Earnings Preview] Can Schlumberger Defy a Sluggish Q4 to Keep Beating Expectations?

Podcast from BlackRock, The Bid

The Bid

Podcast from BlackRock

The Bid breaks down what’s happening in the world of investing and explores the forces changing the economy and finance. From stock market outlooks and megatrends to geopolitics and technology, BlackRock speaks to thought leaders and industry experts from around the globe about the biggest trends moving markets.

<ul><li>Infrastructure is crucial for the transition to a low carbon economy and the advancement of the economy, requiring urgent repairs to aging infrastructure such as roads, bridges, and airports.</li><li>Private capital plays a key role in investing in infrastructure assets, with a focus on operational improvements and creating value for investors.</li><li>The growing demand for investment in infrastructure, especially in the areas of AI and data centers, presents significant opportunities for private sector funding and operational enhancements.</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></p>

Infrastructure is crucial for the transition to a low carbon economy and the advancement of the economy, requiring urgent repairs to aging infrastructure such as roads, bridges, and airports.Private capital plays a key role in investing in infrastructure assets, with a focus on operational improvements and creating value for investors.The growing demand for investment in infrastructure, especially in the areas of AI and data centers, presents significant opportunities for private sector funding and operational enhancements.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Infrastructure mini-series Ep 1: The Growing Demand For Infrastructure Investment

<ul>
<li>Halliburton’s revenue is expected to rise 0.5% YoY, but EPS is estimated to fall 2.6% due to oversupply concerns and weak oil demand reducing upstream activity.</li>
<li>Halliburton expects a 1%-3% sequential revenue decline and a 75-125 bps margin reduction in its Completion &amp; Production division in Q3 2024.</li>
<li>Halliburton aims to expand its international footprint to offset stagnating US onshore production activity. International markets currently account for 58% of revenue versus 42% from North America.</li>
</ul>


Halliburton’s revenue is expected to rise 0.5% YoY, but EPS is estimated to fall 2.6% due to oversupply concerns and weak oil demand reducing upstream activity.
Halliburton expects a 1%-3% sequential revenue decline and a 75-125 bps margin reduction in its Completion &amp; Production division in Q3 2024.
Halliburton aims to expand its international footprint to offset stagnating US onshore production activity. International markets currently account for 58% of revenue versus 42% from North America.


[Earnings Preview] Halliburton's Q3 Profitability Expected to Fall Amid Slowing Upstream Activity

United States

BlackRock, Inc. provides investment management services. The Company offers investment, advisory, and risk management services. BlackRock serves individuals, families, educational, governments, insurance companies, and non profit organizations worldwide.

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BlackRock (BLK US)

[Earnings Preview] Exxon Q4 Profitability Faces Pressure from Lower Oil Prices and Refining Margins

ExxonMobil's Q4 revenue to rise YoY but EPS to fall. Annual revenue and EPS expected to decline. Exxon plans significant investments in low-carbon...

Mint Finance

[Earnings Preview] Halliburton Expected to Post Subdued Q4 Results on Tepid Upstream Activity

Halliburton's revenue is expected to decline due to oil price volatility and weak global demand. Margins are expected to drop in Completion and...

Mint Finance

[Earnings Preview] Can Schlumberger Defy a Sluggish Q4 to Keep Beating Expectations?

SLB's Q4 revenue and EPS are expected to rise YoY. However, whether it will beat analyst projections remains to be seen. SLB made landmark...

Mint Finance

Infrastructure mini-series Ep 1: The Growing Demand For Infrastructure Investment

Infrastructure is essential for economic advancements, including the transition to a low carbon economy, with private capital, operational...

The Bid

[Earnings Preview] Halliburton's Q3 Profitability Expected to Fall Amid Slowing Upstream Activity

Halliburton’s revenue is estimated to remain flat sequentially and rise 0.5% YoY. However, profitability is projected to fall QoQ and YoY. Slowdown...

Mint Finance

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

[Earnings Preview] Exxon Q4 Profitability Faces Pressure from Lower Oil Prices and Refining Margins

​ExxonMobil's Q4 revenue to rise YoY but EPS to fall. Annual revenue and EPS expected to decline. Exxon plans significant investments in low-carbon...

Mint Finance

[Earnings Preview] Halliburton Expected to Post Subdued Q4 Results on Tepid Upstream Activity

​Halliburton's revenue is expected to decline due to oil price volatility and weak global demand. Margins are expected to drop in Completion and...

Mint Finance

[Earnings Preview] Can Schlumberger Defy a Sluggish Q4 to Keep Beating Expectations?

​SLB's Q4 revenue and EPS are expected to rise YoY. However, whether it will beat analyst projections remains to be seen. SLB made landmark...

Mint Finance

Infrastructure mini-series Ep 1: The Growing Demand For Infrastructure Investment

Infrastructure is essential for economic advancements, including the transition to a low carbon economy, with private capital, operational...

The Bid

[Earnings Preview] Halliburton's Q3 Profitability Expected to Fall Amid Slowing Upstream Activity

Halliburton’s revenue is estimated to remain flat sequentially and rise 0.5% YoY. However, profitability is projected to fall QoQ and YoY. Slowdown...

Mint Finance

ExxonMobil's Q4 revenue to rise YoY but EPS to fall. Annual revenue and EPS expected to decline. Exxon plans significant investments in low-carbon...

Halliburton's revenue is expected to decline due to oil price volatility and weak global demand. Margins are expected to drop in Completion and...

SLB's Q4 revenue and EPS are expected to rise YoY. However, whether it will beat analyst projections remains to be seen. SLB made landmark...