“These energy stocks are expected by Wall Street to rise up to 37% over the next year”
May 21, 2021
“Expected earnings growth
The first shows the 20 largest energy companies in the S&P 1500 by market capitalization, with their consensus earnings estimates among analysts polled by FactSet for calendar 2021 and the following three years, if available. You may need to scroll the table to see all the data.
| COMPANY | MARKET CAP. ($MIL) | EPS ESTIMATE – 2021 | EPS ESTIMATE – 2022 | EPS ESTIMATE – 2023 | EPS ESTIMATE – 2024 |
|---|---|---|---|---|---|
| Exxon Mobil Corp. (XOM) | $249,694 | $3.46 | $4.26 | $4.37 | $4.54 |
| Chevron Corp. (CVX) | $199,461 | $5.64 | $6.37 | $6.27 | $7.29 |
| ConocoPhillips (COP) | $75,001 | $3.24 | $3.52 | $3.62 | $3.49 |
| EOG Resources Inc. (EOG) | $47,004 | $5.75 | $6.05 | $6.12 | $6.45 |
| Schlumberger NV (SLB) | $44,747 | $1.12 | $1.59 | $2.13 | $2.64 |
| Kinder Morgan Inc Class P (KMI) | $41,827 | $1.16 | $0.92 | $0.93 | $0.97 |
| Marathon Petroleum Corp. (MPC) | $38,865 | $1.08 | $3.45 | $4.09 | $3.05 |
| Phillips 66 (PSX) | $37,538 | $2.37 | $6.80 | $7.55 | $6.65 |
| Pioneer Natural Resources Co. (PXD) | $37,347 | $10.74 | $14.97 | $15.44 | $16.20 |
| Williams Companies Inc. (WMB) | $31,620 | $1.21 | $1.24 | $1.31 | N/A |
| Valero Energy Corp. (VLO) | $31,589 | $0.86 | $5.63 | $5.92 | $6.09 |
| Hess Corp. (HES) | $25,516 | $1.22 | $2.52 | $3.33 | $5.96 |
| ONEOK Inc. (OKE) | $23,551 | $3.21 | $3.43 | $3.51 | $3.87 |
| Occidental Petroleum Corp. (OXY) | $23,401 | -$1.00 | -$0.89 | -$1.14 | -$1.23 |
| Halliburton Co. (HAL) | $20,054 | $0.95 | $1.36 | $1.72 | $2.19 |
| Baker Hughes Co. Class A (BKR) | $19,524 | $0.80 | $1.15 | $1.52 | $1.86 |
| Devon Energy Corp. (DVN) | $17,112 | $2.12 | $2.74 | $2.92 | $3.25 |
| Diamondback Energy Inc. (FANG) | $14,103 | $8.36 | $10.54 | $10.40 | $11.81 |
| Marathon Oil Corp. (MRO) | $9,150 | $0.52 | $0.49 | $0.57 | $0.91 |
| APA Corp. (APA) | $7,869 | $2.29 | $1.60 | $1.79 | $2.10 |
(FactSet)
For Exxon Mobil Corp. XOM, 1.18% and Chevron Corp. CVX, 1.00% — the dominant U.S. integrated oil companies — the analysts expect earnings to rise considerably from 2021 through 2024. However, you can see that they expect only a slight improvement in EPS for Exxon in 2023 and a slight decline for Chevron that year…”