I can not wait to see XOM's top line>>>I do not have a position but I am thinking the high oil prices will impact the bottom line because of higher input costs>>>
I am most familiar with Chevron (CVX) and I know that the bottom line numbers will be record profits again. The downstream numbers will take a loss because of the higher prices of oil, but at the same time, the upstream numbers are through the roof, which makes the bottom line fat.
(Rephrase: I don't KNOW that because I don't know the results - but that is the expectation they have set with employees and with analysts)
Mama and Daddy always said it's how you play the game - trade to trade well and the rest will fall into place ;-)
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