RECENT POSTS
Tuesday, June 11, 2019
Not Much Fizz in LaCroix Right Now

Wednesday, May 29, 2019
An Example of Calcbench, Excel, and Insight

Monday, May 20, 2019
Research Paper: Capex Spending

Thursday, May 16, 2019
Psst: Got Any Weed?

Wednesday, May 15, 2019
Open Letter: SEC Proposed Rule for BDCs

Friday, May 10, 2019
General Motors and Workhorse

Monday, May 6, 2019
How to Find Earnings Release Data

Tuesday, April 23, 2019
Following Restructuring Costs Over Time

Monday, April 22, 2019
Capex Spending: More Than You Might Think

Saturday, April 13, 2019
When AWS Takes Over the World

Thursday, April 11, 2019
Data Trends in Focus: Restructuring Costs

Sunday, April 7, 2019
How One Customer Crushed It With Calcbench

Thursday, April 4, 2019
TJX Shows Complexity of Leasing Costs Reporting

Tuesday, April 2, 2019
CEO Pay Ratios: Some 2018 Thoughts

Wednesday, March 27, 2019
Corporate Spending: Where It Goes, 2017 vs. 2018

Monday, March 25, 2019
Health Insurers: A Bit Winded?

Friday, March 22, 2019
Our New Master Class Video

Thursday, March 21, 2019
Tech Data’s Goodwill Adjustment

Tuesday, March 19, 2019
There’s Taxes, and There’s Taxes

Saturday, March 16, 2019
Adventures in Tax Cuts and Net Income

Archive  |  Search:
Oil - How did we do?
Tuesday, March 1, 2016

Accelerated filers with fiscal year ends of 12/31/15 are finished filing now and Calcbench thought it appropriate to visit the Oil services note that we put out in mid December.

The piece was also picked up and written about in Fortune by Senior Editor Jennifer Reingold.

What we can say is that our overall industry forecast for revenue for the handful of firms that we estimated, was pretty darn close to the mark. The total revenues of our small sample was roughly $180.3. Our forecast was $182.3 billion for a difference of roughly $2 Billion or 1.1%.

There were a few notable hits (Chevron) and a few notable misses (Devon Energy). But overall we did pretty well as our industry forecast was pretty darn good.

The data in the table below illustrates the point (Totals at the bottom).

Company FORECAST Revenue 4th Quarter 2015 Actual Revenue 4th Q 2015 % Diff. (Actual / Forecast) $ Diff. (Actual minus Forecast)
Exxon Mobil Corp $56,737,640,668 $57,691,000,000 -1.7% -$953,359,332
Chevron Corp $28,082,095,317 $28,014,000,000 0.2% $68,095,317
Phillips 66 $22,035,627,767 $21,893,000,000 0.7% $142,627,767
Valero Energy Corp/TX $19,451,452,223 $18,777,000,000 3.6% $674,452,223
Marathon Petroleum Corp $16,657,670,311 $15,607,000,000 6.7% $1,050,670,311
Conocophillips $6,413,326,385 $6,293,000,000 1.9% $120,326,385
Tesoro Corp /NEW/ $6,694,136,074 $6,273,000,000 6.7% $421,136,074
Devon Energy Corp/DE $3,819,362,596 $2,886,000,000 32.3% $933,362,596
Chesapeake Energy Corp $2,812,981,818 $2,649,000,000 6.2% $163,981,818
Eog Resources Inc $2,031,772,559 $1,796,761,000 13.1% $235,011,559
PBF Energy Inc. $2,809,298,976 $3,360,489,000 -16.4% -$551,190,024
Occidental Petroleum Corp /DE/ $2,890,883,606 $2,806,000,000 3.0% $84,883,606
HollyFrontier Corp $3,114,814,217 $2,943,559,000 5.8% $171,255,217
Anadarko Petroleum Corp $1,279,407,007 $2,053,000,000 -37.7% -$773,592,993
Western Refining, Inc. $2,192,698,902 $2,070,324,000 5.9% $122,374,902
Apache Corp $1,230,261,625 $1,263,000,000 -2.6% -$32,738,375
Marathon Oil Corp $1,446,406,765 $1,475,000,000 -1.9% -$28,593,235
Hess Corp $1,412,736,584 $1,474,000,000 -4.2% -$61,263,416
Cvr Energy Inc $1,232,844,254 $1,010,600,000 22.0% $222,244,254
Total $182,345,417,653 $180,335,733,000 1.1% $2,009,684,653

We stand by our conclusion that the smart use of data can make anyone look better. Even a bunch of jokers like us.


FREE Calcbench Premium
Two Week Trial

Research Financial & Accounting Data Like Never Before. More features and try our Excel add-in. Sign up now to try the Premium Suite.