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

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Subscribe

Enter your email:

Delivered by FeedBurner

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!