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Why Exxon Mobil, Phillips 66 And Shell Are All Seeing Blue Skies Tuesday

Exxon Mobil Corp (NYSE: XOM), Phillips 66 (NYSE: PSX) and Shell PLC (NYSE: SHEL) are all trading higher Tuesday.
byHenry Khederian
February 7, 2023
1 minute read
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Exxon Mobil Corp (NYSE:BP) and amid strength in crude oil futures for the session.

BP shares are trading higher after the company reported better-than-expected fourth-quarter sales results. The company also announced it's committed to allocating 60% of its 2023 surplus cash flow to share buybacks.

What Happened With BP Earnings?

Our Benzinga team on Tuesday recapped BP's fourth-quarter results. BP reported fourth-quarter revenue of $69.26 billion, which beat average analyst estimates of $53.79 billion. The company reported quarterly earnings of $1.59 per share, which missed average estimates of $1.67 per share…Read More

According to data from Benzinga Pro:

  • XOM is trading higher by 2.02% to $113.99
  • PSX is higher by 2.72% to $100.75
  • Shell is higher by 2.01% to $59.01
 
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Adobe (NASDAQ:ADBE) is set to give its latest quarterly earnings report on Tuesday, 2022-03-22. Here's what investors need to know before the announcement. Analysts estimate that Adobe will report an earnings per share (EPS) of $3.34.

ADBE