Exxon third-quarter profit falls 47 percent but beats expectations

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Go back to Exxon third-quarter profit falls 47 percent but beats expectations

Low Tax Rate on One-Time Item Contributes to ExxonMobil (XOM) EPS Beat; UBS Raises Price Target to $81

November 2, 2015 10:37 AM EST

UBS reiterated a Neutral rating on ExxonMobil (NYSE: XOM), and raised the price target to $81.00 (from $77.00), following the company's 3Q earnings results. 3Q15 EPS fell 46% YoY to $1.01, above consensus of $0.89. A lower than expected tax rate related to a one-time item benefitted EPS by... More

UBS Raises Price Target on Chevron (CVX) Following 3Q Earnings and Guidance

November 2, 2015 10:17 AM EST

UBS reiterated a Neutral rating on Chevron (NYSE: CVX), and raised the price target to $95.00 (from $87.00), following the company's 3Q earnings results and guidance. Adjusted EPS was $1.01, above consensus of $0.76. CVX provided a 2016-17 capex guidance range of ~$25-$28bn and $20-$24bn.

Analyst... More