NEW YORK, NY -- (Marketwire) -- 04/24/12 -- Escalating oil prices have provided a great boost to the Oil & Gas Industry in 2012. The high price of oil is expected to hike quarterly results of the U.S. Oil & Gas majors' which are expected to come out later this week. The Paragon Report examines investing opportunities in the Major Integrated Oil & Gas Industry and provides equity research on ConocoPhillips (NYSE: COP) and Exxon Mobil Corporation (NYSE: XOM).
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Analysts are predicting an increase in earnings for the major oil companies, as concerns about oil supplies in the Persian Gulf have driven crude prices higher. The Brent crude benchmark, used by oil companies to price their production, traded at an average that was 12 percent higher than the same period last year. Exxon and Chevron are scheduled to report earnings on Thursday and Friday, while ConocoPhillips reported earnings this past Monday.
"First-quarter results also will serve as a reminder that major U.S. oil companies continue to struggle to increase their output as the reserves in their fields deplete quickly and access to new sources remains a challenge," said Phil Weiss, an analyst at Argus Research.
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ConocoPhillips is an international integrated energy company. The Company's segments include Exploration and Production (E&P), which primarily explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas and natural gas liquids on a worldwide basis; Midstream, which gathers, processes and markets natural gas produced by ConocoPhillips and others, and fractionates and markets natural gas liquids, predominantly in the United States and Trinidad.
Exxon Mobil Corporation is a manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a range of specialty products. It also has interests in electric power generation facilities. The Company has a number of divisions and affiliates with names that include ExxonMobil, Exxon, Esso or Mobil. Divisions and affiliated companies of ExxonMobil operate or market products in the United States and other countries of the world.
Paragon Report provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Paragon Report has not been compensated by any of the above-mentioned companies. We act as independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: www.ParagonReport.com/disclaimer
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