The Street is expecting Exxon’s earnings to plummet by more than 50% from a year ago. For Chevron, it’s a more modest 29% decline.
Exxon is expected to report third-quarter earnings of 67 cents per share, according to estimates from FactSet, and $60.9 billion in revenue.
The EPS number is 54% below the $1.46 the company reported in the same quarter a year earlier, while revenue forecasts are 20% lower than the $75.68 billion the company earned in the third quarter of 2018.
Analysts were more or less warned ahead of…