BP Is the Oil Major to Watch, Poll Says

NEW YORK (TheStreet) -The coming week will be a big one for major integrated oil operations, as a whole basket of them are set to report third-quarter earnings.

The results will be a test of the hedging ability for the integrated architectures of the supermajors. Refining operations have been hit hard compared to last year because of slumping demand. Crude prices have been rising steadily in recent months, reaching a yearly high of $82 just this past week. But year-ago comparisons will be askew because of the $100-plus oil prices reached last year.bp 300x180 BP Is the Oil Major to Watch, Poll Says

Occidental Petroleum(OXY) offered a sneak peek this past week of what might be for many, showing a near 60% drop in profit and a steep fall in revenue from the year-ago period. While slashed crude prices hurt the bottom-line, still, Occidental Petroleum managed to beat expectations largely due to a beefier showing from its production operations.

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