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Chevron & Exxon Mobil Earnings: What to Expect

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Key Takeaways

  • Energy companies are expected to face a harsh reporting period.
  • Earnings for the broader Zacks Oil & Energy sector expected to be down -22.7% YoY.
  • XOM and CVX are both two energy titans on the reporting docket this week.

Earnings season continues to move rapidly, with a notably rich reporting docket this week. A few big-tech names and representatives from many sectors have delivered their quarterly prints, with next week just as exciting.

Among the bunch this week are two energy titans, Exxon Mobil (XOM - Free Report) and Chevron (CVX - Free Report) . There has been a slight performance disparity between the two in 2025, with XOM shares outperforming.

Zacks Investment Research
Image Source: Zacks Investment Research

Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.

Energy companies are expected to face a harsh reporting period in general, with earnings for the broader Zacks Oil & Energy sector expected to be down -22.7% from the same period last year on -0.4% lower revenues.

Let’s take a closer look at revisions for XOM and CVX.

Exxon Mobil

Earnings revisions for the upcoming release have been back-and-forth but overall reflect stability, with the $1.74 Zacks Consensus EPS estimate up 1.2% since just the beginning of February. The value implies a 15% pullback from the same period last year, reflecting a notable profitability crunch.

Zacks Investment Research
Image Source: Zacks Investment Research

Investors will also be zeroed in on the company’s cash flows, which have allowed it to sport a shareholder-friendly nature for years. Below is a chart illustrating the company’s free cash flow on a quarterly basis.

Zacks Investment Research
Image Source: Zacks Investment Research

Chevron

Earnings expectations for CVX’s release have fallen much more, with the current $2.15 Zacks Consensus EPS estimate down 13% over the same timeframe and suggesting a 27% decline year-over-year.

Zacks Investment Research
Image Source: Zacks Investment Research

The company’s sales expectations have actually drifted higher, with the current $47.9 billion expected up more than 2% over the same time period while suggesting a 1.5% pullback year-over-year.

Zacks Investment Research
Image Source: Zacks Investment Research

Putting Everything Together

Two energy heavyweights – Exxon Mobil (XOM - Free Report) and Chevron (CVX - Free Report) – are on the reporting docket this week, continuing a hectic week of earnings overall.

The setup for XOM appears to be much more attractive heading into the release given its favorable EPS revisions trend relative to CVX.


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