For the week to come energy companies are to dominate earnings calendar. At least six hundred companies are expected to release earnings for the coming week.

During the previous week ending Oct 21st, more than three hundred companies released their earnings. A mixed-bag of earnings during the week was led by surprise from Google Inc, 3M, J. P. Morgan, Wachovia, Citigroup, SunTrust, Getty Images, eBay, Yahoo! and earnings disappointments from Caterpillar, Pfizer, Hasbro and Mattel.

In the coming week, oil companies’ earnings are expected to come under sharp focus from investors. Shares of Exxon Mobil, Amerada Hess, Conoco Phillips and Murphy Oil and Anadarko Petroleum are likely to be volatile in the week’s trading.

In the last two weeks market’s view on energy companies has weakened as reflected in two large blocks of shares trading hands at a discount. Exxon Mobil’s 24 million shares changed hands at $1.4 billion and Chevron’s 6.2 million shares changed hands at $353 million. Both companies block trades were conducted at a discount to the prevailing market price.

Amerada Hess (AHC: chart) is to report on October 26th, earnings of $3.32 per share up 91% on revenue rise of 59% from a year ago to $6.1 billion.

Conoco Phillips (COP: chart) is to report on Oct 26th, earnings of $2.56 per share up 79% from a year ago and revenue jump of 50% to $52.1 billion. The company shares have lost 3% in the last three months of trading.

No. 1 U.S. oil company Exxon Mobil (XOM: chart) is expected to release third quarter earnings of $1.39 per share on Wednesday, Oct. 27th up 45% from a year ago. In the second quarter ending June 30th, company reported revenue of $88 billion and net income of $7.6 billion or $1.21 per share. The company shares have lost 2.5% value in the last three months of trading and have fallen close to 20% in the last one month.

Marathon Oil (MRO: chart) is to report earnings on Oct 27th of $2.76 per share, double the profit from a year ago.

Chevron Corp., (CVX: chart) energy company, is expected to report on Friday Q3 net income of $1.92 per share on revenue of $ 55.49 billion, up from $1.28 per share in the same time a year ago. The company share has lost 1.6 % over the last three months.

Apache Corp (APA: chart), oil and gas company is to report earnings on Oct 27th of $2.31 per share up 76% from a year ago on revenue rise of 42%.

Anadarko Petroleum (APC: chart) is to report earnings on Oct 28th of $2.88 per share up 15% on revenue growth of 16%.

Between the years 2000 and 2004, oil companies have generated annual profits of $24 billion. In the year 2005 industry is likely to generate profit exceeding the forecast of $63 billion.



Other companies to watch during the week


Microsoft to report revenue of $9.8 billion

Microsoft (MSFT: chart) is scheduled to report earnings of 30 cents per share on revenue of $9.8 billion for the third quarter according to analysts polled by Thomson compared to 26 cents a year ago. The company stock has fallen close to 8% in the last three months of trading.

Abaxis to Post Earnings up a Penny vs. Year-Ago Period

Abaxis Inc., (ABAX: chart) blood analysis systems manufacturer, is expected to report on Monday Q2 of fiscal 2006 net income of 7 cents per share on revenue of $15.10 million, up a penny per share versus Q2 in the year-ago period. The company stock has gained 15% over the last three months.