XOM

XOM release on July 1 indicated via a range almost 90% increase in Q2 22 earnings vs Q1 22.

Over half of the profit increase was downstream.

Additionally, over half of their revenue is non-US.

This is similar to CVX. So maybe CVX will experience a similar Q1 to Q2 earnings growth.

OXY is far more concentrated in US and upstream. We will see how they perform.

1 Like