JPMorgan sees strong Q3 for EU oil and gas, favors Shell and BP
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com -- JPMorgan expects a stellar third-quarter earnings season for European oil and gas companies, led by refining, and favors U.K. supermajors Shell and BP, plus Eni, as it urges investors to be selective after the group's outperformance. Before you buy NVIDIA: our…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishPositive Q3 earnings outlook for European energy sector supports oil and gas stocks.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01JPMorgan expects stellar Q3 earnings for European oil and gas companies.
- 02Analysts favor UK supermajors Shell and BP, plus Eni.
- 03Falling energy product inventories support outlook, with 2027 FCF yield of 10.9% at $85 Brent.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Shell plc96.85 USDMarket closedtoday -0.79%Positive BP p.l.c.44.51 USDMarket closedtoday -1.11%Positive ENI—n/aPositive TotalEnergies SE84.23 USDMarket closedtoday +0.30%Positive Brent Crude Oil (continuous future)105.14 USD+0.70%today +4.93%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets