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Weekly Earnings Calendar: Exxon (XOM) Tries to Build on Momentum

Exxon (NYSE: XOM) overtook Apple (NASDAQ: AAPL) last week as the largest company in the world by market cap. This week, the big-oil company will see if it can build on that momentum with a strong fourth-quarter earnings report.

Exxon shares are up 8% in the last month, increasing the oil giant’s valuation to $418 billion as of this morning. Meanwhile, Apple – which as recently as October was the most valuable company in the world by more than $200 billion – has been in freefall, its market cap dipping to $413 billion.

AAPL shares have plummeted 37% since late September, finishing last week at a year-low $439. A bad earnings report sent the stock tumbling late last week, allowing Exxon to overtake it in market cap.

That shows the importance of earnings. A weak first quarter could halt Exxon’s momentum and send the stock falling off a cliff the way Apple’s did last week.

We’ll know Friday when Exxon reports earnings. Here are the rest of this week’s notable earnings reports:

Monday

  • Yahoo! (NASDAQ: YHOO)

Tuesday

  • Pfizer (NYSE: PFE)
  • JetBlue Airways (NASDAQ: JBLU)

Wednesday

  • ConocoPhillips (NYSE: COP)
  • Boeing (NYSE: BA)

Thursday

Friday

  • Chevron (NYSE: CVX)
  • Exxon

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