Risk-to-Price Commentary: Occidental Petroleum Corp. And Hess Corp. Jan 12
Standard & Poors, January 2012
Abstract
Hess Corp., dragged down by a substantial loss in its refining and marketing operations, reported fourth-quarter earnings per share of $1.17 Wednesday, $0.14 less than the consensus estimate of analysts polled by S&P Capital IQ. Simultaneously, Occidental Petroleum Corp. reported a fourth-quarter profit of $2.02 per share, $0.08 higher than what analysts expected, on record daily domestic oil and gas production. For the year, output rose nearly 4% from 2010. Both companies are classified as integrated oil and gas, but Occidental does not engage in refining. The company's operations are split into exploration and production (E&P), chemical, and midstream, marketing, and other. For 2011, oil and gas segment earnings were $10.2 billion, up from $7.2 billion in 2010, and chemical...
Companies mentioned in this report are:
- Hess Corp.
- Occidental Petroleum Corp.
- Chevron Corp.
- USX Corp.
- Tosco Corp.
- Murphy Oil Corp.
- Burlington Resources Inc.
- XTO Energy Inc.
- Burlington Resources Finance Co.
- Marathon Oil Corp.
- ConocoPhillips Funding Co.
- ConocoPhillips
- Polar Tankers Inc.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
- Hess Corp.
- Occidental Petroleum Corp.
- Chevron Corp.
- USX Corp.
- Tosco Corp.
- Murphy Oil Corp.
- Burlington Resources Inc.
- XTO Energy Inc.
- Burlington Resources Finance Co.
- Marathon Oil Corp.
- ConocoPhillips Funding Co.
- ConocoPhillips
- Polar Tankers Inc.
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