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Risk-to-Price Commentary: Occidental Petroleum Corp. And Hess Corp. Jan 12 Product Image

Risk-to-Price Commentary: Occidental Petroleum Corp. And Hess Corp. Jan 12

  • ID: 2045887
  • January 2012
  • Standard & Poors

FEATURED COMPANIES

  • Burlington Resources Inc.
  • Chevron Corp.
  • ConocoPhillips
  • Hess Corp.
  • Marathon Oil Corp.
  • Murphy Oil Corp.
  • MORE

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.

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Note: Product cover images may vary from those shown

- 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.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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