It's been a busy week for energy earnings, and the biggest is yet to come. The already reported third-quarter results of oil and refining giants including BP, Valero and Phillips 66 may hold clues about ExxonMobil and ConocoPhillips, both due to report before the bell Thursday, and Chevron, which is expected Friday morning.
What we've seen already
BP disclosed solid numbers Tuesday morning, sending shares up about 6 percent. The British company reported underlying replacement cost profit per American Depositary Share of $1.17, versus $1.58 in third-quarter 2012. Revenue topped expectations at $96.6 billion, easily beating FactSet's estimate of $89.81 billion. BP's dividend came in at 9 cents per ordinary share, a 1 cent gain year-over-year. Analysts also highlighted that BP committed to another $10 billion in asset divestments by the end of 2015, calling it a positive for the stock.