Exxon Mobil and Chevron released fourth quarter earnings this morning, and the market cheered. After a period of misses, this morning’s release was the second consecutive beat of expectations for EPS by Exxon, confirming that Q3 wasn’t just a flash in the pan. Chevron also built on last quarter’s good results. That is welcome news for both companies, but if you dig a little deeper into the numbers and accompanying comments there are some interesting things that can be learned that go beyond the company-specific. The most vital industry information will soon be right at your fingertips Join the world’s largest community dedicated entirely to energy professionals and enthusiasts (Click to enlarge) Obviously, EPS of $1.41 versus expectations for $1.08 at XOM were significant, but it came on revenue of $71.89 billion that was just below the consensus estimate for $72.4 billion. CVX missed expectations slightly on EPS, and […]