Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Equity Bottom-Up

<ul>
<li>Exxon Mobil will report Q3 earnings on 01/Nov, with analysts expecting a 6.3% YoY rise in revenue but an 11% fall in EPS, due to weaker crude oil prices.</li>
<li>Exxon Mobil's OI PCR at 0.69 signals neutral sentiment, while an 84% IV percentile indicates high volatility. Its volume PCR is also in the neutral territory.</li>
<li>Exxon Mobil’s short interest rose from the previous biweekly period, reaching 41.27 million shares as of 15/Oct—a 6.3% increase from 30/Sep and a 16.5% rise since 15/Jul.</li>
</ul>


Exxon Mobil will report Q3 earnings on 01/Nov, with analysts expecting a 6.3% YoY rise in revenue but an 11% fall in EPS, due to weaker crude oil prices.
Exxon Mobil's OI PCR at 0.69 signals neutral sentiment, while an 84% IV percentile indicates high volatility. Its volume PCR is also in the neutral territory.
Exxon Mobil’s short interest rose from the previous biweekly period, reaching 41.27 million shares as of 15/Oct—a 6.3% increase from 30/Sep and a 16.5% rise since 15/Jul.


[Pre Earnings Options Flash] Exxon Mobil OI PCR Neutral While Short Interest Rises

<ul>
<li>ExxonMobil’s Q3 revenue is expected to rise 6.3% YoY and 3.7% QoQ but its EPS is anticipated to fall 11% YoY and 5.6% QoQ.</li>
<li>Management expects upstream earnings to decline by USD 0.6-1 billion due to falling crude oil prices. Earnings from the energy products segment are also projected to drop significantly.</li>
<li>Exxon expects production in 2024 to be around 4.3 Moebd, with 1.2 Moebd coming from the Permian. The total capex for the year is estimated at USD 28 billion.</li>
</ul>


ExxonMobil’s Q3 revenue is expected to rise 6.3% YoY and 3.7% QoQ but its EPS is anticipated to fall 11% YoY and 5.6% QoQ.
Management expects upstream earnings to decline by USD 0.6-1 billion due to falling crude oil prices. Earnings from the energy products segment are also projected to drop significantly.
Exxon expects production in 2024 to be around 4.3 Moebd, with 1.2 Moebd coming from the Permian. The total capex for the year is estimated at USD 28 billion.


[Earnings Preview] Exxon's Q3 Profit Faces Pressure from Weak Oil Prices and Tight Refining Margins

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Late Friday, S&amp;PDJI announced <a href="https://www.smartkarma.com/entities/nvidia-corp" target="_blank" data-smartkarma-citation="entities:5891:1" rel="noopener">NVIDIA Corp (NVDA US)</a> and <a href="https://www.smartkarma.com/entities/sherwin-williams-co-the" target="_blank" data-smartkarma-citation="entities:15539:1" rel="noopener">Sherwin Williams Co (SHW US)</a> would replace <a href="https://www.smartkarma.com/entities/intel-corp" target="_blank" data-smartkarma-citation="entities:16764:1" rel="noopener">Intel Corp (INTC US)</a> and <a href="https://www.smartkarma.com/entities/dow-inc" target="_blank" data-smartkarma-citation="entities:19107:1" rel="noopener">Dow (DOW US)</a> in the Dow Jones Industrial Avg.</li>
<li>This was done to "ensure a more representative exposure to the semiconductors industry and materials sector, respectively." This will be effective of 7 November close; only four days to trade. </li>
<li>The details merit a closer look. Calculating how much tracks the DJIA should be "easy" but I have questions. That said, <a href="https://www.smartkarma.com/entities/sherwin-williams-co-the" target="_blank" data-smartkarma-citation="entities:15539:1" rel="noopener">Sherwin Williams Co (SHW US)</a> could get exciting.</li>
</ul>


Late Friday, S&amp;PDJI announced NVIDIA Corp (NVDA US) and Sherwin Williams Co (SHW US) would replace Intel Corp (INTC US) and Dow (DOW US) in the Dow Jones Industrial Avg.
This was done to "ensure a more representative exposure to the semiconductors industry and materials sector, respectively." This will be effective of 7 November close; only four days to trade. 
The details merit a closer look. Calculating how much tracks the DJIA should be "easy" but I have questions. That said, Sherwin Williams Co (SHW US) could get exciting.


Dow Jones Industrial Avg Nov24 Rebalance - Sherwin Williams (SHW) Could Get Jiggy

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>Exxon Mobil Corporation reported its second-quarter earnings for the year 2024, showcasing robust financial performance with earnings totaling $9.2 billion, marking the second-best second-quarter results in the past decade.</li><li>The earnings were bolstered by record production levels in key regions such as Guyana and the Permian Basin, reflecting ExxonMobil's sharp focus on its advantaged assets.</li><li>The recent acquisition of Pioneer has further scaled up Permian production to 1.2 million barrels per day, contributing significantly to the overall production boost.</li></ul>

Exxon Mobil Corporation reported its second-quarter earnings for the year 2024, showcasing robust financial performance with earnings totaling $9.2 billion, marking the second-best second-quarter results in the past decade.The earnings were bolstered by record production levels in key regions such as Guyana and the Permian Basin, reflecting ExxonMobil's sharp focus on its advantaged assets.The recent acquisition of Pioneer has further scaled up Permian production to 1.2 million barrels per day, contributing significantly to the overall production boost.

Exxon Mobil Corporation: Energy Transition and New Ventures! - Major Drivers

<ul>
<li>Exxon Mobil’s Q2 revenue grew 12.2% YoY and net profit increased by 17.3%. Revenue missed estimates by 0.4% while net profit exceeded expectations by 6.2%. v</li>
<li>Exxon Mobil’s Q2 oil production hit a record high since the 1999 merger, driven by strong output in Guyana and the Permian basin.</li>
<li>Exxon Mobil expects full-year expenditures to total USD 28 billion, including USD 25 billion for ExxonMobil and USD 3 billion for Pioneer.</li>
</ul>


Exxon Mobil’s Q2 revenue grew 12.2% YoY and net profit increased by 17.3%. Revenue missed estimates by 0.4% while net profit exceeded expectations by 6.2%. v
Exxon Mobil’s Q2 oil production hit a record high since the 1999 merger, driven by strong output in Guyana and the Permian basin.
Exxon Mobil expects full-year expenditures to total USD 28 billion, including USD 25 billion for ExxonMobil and USD 3 billion for Pioneer.


[Earnings Review] Production Surge in Guyana and Permian Aids Exxon Beat Profit Estimates

United States

Exxon Mobil Corporation operates petroleum and petrochemicals businesses on a worldwide basis.  The Company's operations include exploration and production of oil and gas, electric power generation, and coal and minerals operations. Exxon Mobil also manufactures and markets fuels, lubricants, and chemicals.

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Exxon Mobil (XOM US)

[Pre Earnings Options Flash] Exxon Mobil OI PCR Neutral While Short Interest Rises

Exxon Mobil’s Q3 revenue is expected to rise but its EPS is anticipated to fall due to weak refining margins. OI and volume PCR imply neutral...

Mint Finance

[Earnings Preview] Exxon's Q3 Profit Faces Pressure from Weak Oil Prices and Tight Refining Margins

Falling crude prices and tightening refining margins are expected to hit Q3 profits. Analysts predict a dip in EPS but see revenue growth. Exxon’s...

Mint Finance

Dow Jones Industrial Avg Nov24 Rebalance - Sherwin Williams (SHW) Could Get Jiggy

The DJIA (Dow30) is an odd anachronism. Price-weighted. Rebalances when it wants. No ranking system. Just a committee and some vague inputs. This...

Travis Lundy

Exxon Mobil Corporation: Energy Transition and New Ventures! - Major Drivers

Exxon Mobil Corporation reported its second-quarter earnings for the year 2024, showcasing robust financial performance with earnings totaling...

Baptista Research

[Earnings Review] Production Surge in Guyana and Permian Aids Exxon Beat Profit Estimates

Exxon Mobil beat profit estimates in Q2 with record oil production, despite a slight revenue miss. Higher crude realisations offset lower nat-gas...

Mint Finance

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