Oil Giants Face the Earnings Season—Feeling Lucky, But With a Tick of the Nerve
When the oil powerhouses set sail for their quarterly earnings, it’s like watching a rock‑star tour: a mix of hopeful riffs and a hint of backstage anxiety.
2020: The “Oops” Year for the Energy Crowd
According to a deep dive by Sijoitusrahastot, the energy sector was the real MVP—well, the real under‑performer—of the S&P 500 in 2020. The numbers? A whopping −37 % drop year‑over‑year.
- The rest of the market still managed a decent ≈ 15 % gain, proving the energy sector was the odd duck.
- Every gas‑patch in the index seemed like a tumbleweed in a storm.
ExxonMobil: The Biggest Loser of 2020
The American giant that laid the foundations of the entire “oil” narrative—ExxonMobil—was among the market’s most eye‑popping losers.
- Its shares plunged 40 % during the year.
- That slide shaved off roughly $120 billion from its market cap—think of it as a giant billboard that just got ripped off.
What This Means for the Earnings Season
The big question: with the industry still feeling the shock, are the super‑majors ready to ride the earnings wave? The blend of optimism and caution is sharp—like a high‑octane espresso shot that keeps you on guard the entire time.
Stay tuned as the announces‑omics play out and watch if the industry can pull its face out of the slump.
Exxon Reports First Annual Loss in 40 Years
Oil Titans Take a Rough Roll
Picture this: back in 2007, Exxon stood tall like a skyscraper with a market cap of a staggering $525 billion. Fast forward to February 2021, and that giant has flattened to just $189.59 billion. The oil industry’s not the only one feeling the squeeze—other majors are struggling too.
Down‑Round Charts for the Big Players
- Chevron saw its market cap nosedive by $68 billion over a single year, landing at $164.01 billion.
- BP now holds a market cap of $75.25 billion.
- Royal Dutch Shell is trading at $139.67 billion.
- Total SE sits at $111.44 billion.
Collectively, these five giants are worth roughly $680 billion—a solid $70 billion shy of a $752 billion valuation that Tesla proudly holds.
Exxon’s Financial Rollercoaster
Let’s talk numbers: Exxon dropped a hefty $20.1 billion loss in Q4 2020, its fourth straight quarterly loss. Revenue came in at $46.54 billion—a touch below the $48.76 billion forecast. On an annual basis, the company endured a $22.4 billion loss, marking its first yearly loss in a whole 40 years!
Chevron’s Quarters of Talk
Chevron’s Q4 2020 was a tame $11 million loss, a stark contrast to the $2.8 billion profit it earned in Q4 2019. When you look at the year as a whole, Chevron faced a $5.54 billion loss, compared to a solid $2.92 billion profit the previous year.
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