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Q1 Energy Earnings Shocker: Then And Now

Submitted by Tyler Durden on 02/02/2015 08:50 -0400

In a few minutes, Exxon (first, then all other energy companies) will confirm if the earnings collapse so many had predicted to take place in Q1 as a result of plunging crude prices will materialize. Wait, did we say "so many", make that nobody. Here is what Factset has to say about forecast Q1 energy earnings: "On September 30, the estimated
earnings growth rate for the Energy sector for Q1 2015 was 3.3%. By December 31, the estimated
growth rate fell to -28.9%. Today, it stands at -53.8%." Just a little off.

This is what a difference 4 months makes.

Source: Factset

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Mon, 02/02/2015 - 09:05 | 5734275 Dubaibanker

Meanwhile, in Saudi Arabia every single Govt employee and pensioner received a bonus of 2 months of pay!

http://www.arabnews.com/featured/news/697381

And the King spent USD 30bn, just like that...

http://english.alarabiya.net/en/business/economy/2015/01/30/Saudi-King-o...

And he has only spent 3% of all the reserves that he has....of over a trillion!

Wonderful to hear that oil crisis impact on banks will be worse than subprime...MUST WATCH...http://finance.yahoo.com/video/could-oil-spark-domino-effect-023200260.h...

Mon, 02/02/2015 - 09:05 | 5734287 Tinky

hmmm...I wonder if the helicopters were produced in the U.S., or Europe

Mon, 02/02/2015 - 09:28 | 5734294 Headbanger

It's cause he KNOWS another "Arab Spring" will erupt there if the serfs start thinking their entitlements are ending from oil prices collapsing.

Crude oil starting to fall back down: (From the Department of Redundancy Department)

http://www.marketwatch.com/investing/future/BRENT%20CRUDE/charts?symb=UK...

Mon, 02/02/2015 - 09:14 | 5734300 ZH Snob

BTFD and go down with the ship!

Mon, 02/02/2015 - 09:11 | 5734291 Spitzer

Exxons stock still seems to float in a pretty high range. WTF...

Its almost that time of the morning men. Gold smash coming ....

Mon, 02/02/2015 - 09:12 | 5734295 GetZeeGold

Exxons stock still seems to float in a pretty high range. WTF...

It's all about equities....we don't dare let it drop.

Mon, 02/02/2015 - 09:50 | 5734395 Spitzer

I just knew it was going to be up

Mon, 02/02/2015 - 09:20 | 5734304 DeadFred

Support for gold is at about $1240. For Exxon it's a bit lower

Mon, 02/02/2015 - 09:20 | 5734307 25or6to4

I wonder what this means for state and federal "earnings" on fuel taxes?

Mon, 02/02/2015 - 09:28 | 5734318 NoDebt

Most of them are a fixed number of cents per gallon, not a percentage of the sale price.

Mon, 02/02/2015 - 09:25 | 5734314 Panic Mode

Moar buybacks!!!!!!!

Mon, 02/02/2015 - 09:40 | 5734348 fel.temp.reparatio

...if that's the case, then that's a lot of money in pension funds that just went *poof*

Mon, 02/02/2015 - 09:39 | 5734353 B2u

Who cares!! I sold my car and my motorcycle. I walk everywhere.

Mon, 02/02/2015 - 09:40 | 5734362 Never One Roach

How un-American!

Mon, 02/02/2015 - 10:04 | 5734441 Mike Honcho

Get your head checked. Walk for efficiency, ride for the experience. My advice, get another cycle.

Mon, 02/02/2015 - 10:11 | 5734469 SnatchnGrab

From + 3.3% to - 53.8%? Whoa. Those guys would NOT do well as lines-makers in Vegas. I'm no prognosticator, but I respectfully recommend all go "long" in the following: Beans, Bullets, Silver. (Physical not paper)

Mon, 02/02/2015 - 10:14 | 5734477 Jano

Those oil industry people can start flipping burgers at MacDonanlds.

Mon, 02/02/2015 - 11:19 | 5734690 Kolchak

hey we need moar BS in the oil market to get the plebs to believe we have reason to raise oil prices, i know we'll get the plebs to strike, right when their jobs are being eliminated whole sale.

i'm unsure who's the dumber of the two the klptos for thinking this would work or the sheeple oil workers for thinking it was a good time for this. loss loss for the loss.

Q1 Energy Earnings Shocker: Then And Now

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