Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Exxon Mobil Corporation (XOM) Productions Volumes Drop as ConocoPhillips (COP) Volumes Increase

Exxon Mobil Corporation (NYSE:XOM) and ConocoPhillips (NYSE:COP) reported earnings that clearly highlighted how companies with exposure to the U.S Onshore productions will continue to benefit the most, going forward. ExxonMobil reported a stronger than expected profit benefiting the most from higher prices of its crude oil and gas that considerably offset a 6% drop in production.

Exxon Mobil Corporation (NYSE:XOM

Exxon Mobil Corporation (NYSE:XOM) has had its struggles on the market, but it should be able to sustain a catch up trend in the market should the current trend of softening oil prices continues, according to Raymond James, an analyst at Pavel Molchanov, on Fox Business. ConocoPhillips (NYSE:COP) remains well positioned to benefit the most from the ongoing onshore drilling in the U.S where it has a lot of interests “Companies with exposure to U.S onshore production are growing the fastest. That is the fastest growing part of the global oil equation right now,” said Mr. James

The analyst remains bullish on stocks that have underperformed in the industry as the best investment stocks in the energy sector Exxon being a part of them.

“The ones that have a lagged particularly the more defensive ones. I think Exxon Mobil Corporation (NYSE:XOM) is a great example of that. You indicated earlier that it was going to open down because some of the production trends have not been as encouraging. In that, this stock has barely been up year to date, it’s been an underperformer and I think there is a catch up trade particularly if the oil prices continue to soften […],” said Mr. James

Exxon Mobil Corporation (NYSE:XOM) has considerably been affected by production trends as it tries to replenish its reserves with new projects in Russia and Papua New Guinea.

U.S largest independent oil company, ConocoPhillips, also posted a better than expected profit, that beat Wall Street estimates, helped by increased oil and gas production levels in the booming onshore drilling in the U.S.. The company is currently drilling more oil wells in the U.S as they continue to offer better profits as well as steady and reliable production.

ConocoPhillips (NYSE:COP) has already announced that it has put its 50% interest in Rosneft’s Polar Lights project on the market, also reiterating that sanctions imposed on Russia have not affected its operations in the country.

 

Disclosure: none

Biotech Insider Alert - $5 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!