CNBC Stock Blog
- My 2010 Home Price Outlook: UBS Analyst
- Why Are Options Piling into Dollar Tree?
- Markets Can Rise 5-10% in the Near-Term: Strategist
- Buy These 'Competitively Positioned' Stocks: Portfolio Manager
- 5 Stocks That Benefit from Health Care Legislation: Analysts
- 9 Stocks That Play Rising Water Costs: Strategists
- Gold Prices Can Double in 3 Years: Portfolio Manager
- Rally Could 'Have Some Legs in 2010': Market Strategist
- Expect a 'Square Root-Shaped' Recovery: Chief Investor
- HP to Feed on Enterprise Spending Next Year: Tech Analyst
MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- GM's Agreement to Sell Saab To Swedish Firm Falls Apart
- US Home Prices Up 5th Month, 2nd Straight Quarter
- Buyers Look For Bargains At Luxury Condo Auction
- FDIC Fund Falls into The Red, Bair Urges Lending
- Revised GDP Reading Puts Growth at 2.8%; Inflation Tame
- Behind The Scenes With Warren Buffett
- 10 Holiday Cocktail Recipes from Top Mixologists
- CA "More Profitable" After Saving Energy: CEO
- The L.A. Extravaganza: A Test for Auto Shows
- Nov. 24: Unusual Volume Leaders
- NBA D-League On The Rise
- 3D's Tipping Point and Your Living Room
- On Twitter, Beware False Prophets
- My 2010 Home Price Outlook: UBS Analyst
- Why Are Options Piling into Dollar Tree?
- Novartis 'Cells' Its Flu Vaccine Technology
- Silicon Valley and Hollywood Now Fast Friends
- Markets Can Rise 5-10% in the Near-Term: Strategist
- In Time for Holidays: More Gloom and Doom on Economy
- Turkey Day 101: How Well Do You Know Your Bird?
- US Home Prices Up 5th Month, 2nd Straight Quarter
- Holiday Guide to This Season's Smartphones
- Six Ways to Boost Your Income in a Big Way
- Buyers Look for Bargains at Luxury Condo Auction
- Ron Paul's Plan to Audit Fed a 'Serious Attack': Mishkin
- GM's Agreement to Sell Saab Unit Falls Apart
- Strong Banks, Weak Credit: Treasury Rethinks TARP
RSS FEED
Text Size 
CNBC News Associate
ConocoPhillips reported a 71 percent decline in its quarterly profit, as weak demand for fuel hurt its refining business and oil prices fell. Other oil giants including Chevron and ExxonMobil are slated to announce results later on this week.
So what should investors expect? Tina Vital, integrated oil and gas equity analyst at Standard & Poor’s U.S. Equity Research, shared her outlook.
“While Chevron and Exxon will continue to see some pressure on the downstream in refining, it looks like their oil focus on the upstream...should do quite well,” Vital told CNBC.
“We think Chevron and Exxon will do well compared to the second quarter. Higher expectations for oil prices and expectations for increased production growth are driving these companies.”
CNBC Data Pages:
Vital said she sees several opportunities for investors in the energy sector and many of them are not trading near their book value because of uncertainty in the economy. She particularly likes the oil giants.
“They tend to be more insulated from commodity price risk as well as economic risk," she said.
"And they’re diversified around the world and various economies and also across businesses, such as the upstream and the downstream, and they’re able to join in on some of the very large projects that have lifespans of 20-30 years,” she explained.
Vital Likes:
ConocoPhillips [COP
Loading...
()
]
Exxon Mobil [XOM
Loading...
()
]
Chevron [CVX
Loading...
()
]
______________________________
More Market Intelligence:
3 Oil Services Stocks that Look Attractive: Expert
Gasoline Demand Outlook: The Schork Report
Is America Ready For a New 'Power Trip?'
______________________________
CNBC Slideshows:
______________________________
______________________________
Other Oil Earnings This Week:
Noble Energy [NE
Loading...
()
] (Thursday)
Royal Dutch Shell [RDS
Loading...
()
] (Thursday)
______________________________
Disclosure:
Vital does not own any of the shares mentioned above.
______________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes