Earnings Outlook: Exxon earnings could show benefits from rising oil prices

Crude-oil prices are on their second straight year of gains, but investors would never know that by looking at Exxon Mobil Corp.’s share performance.

Exxon XOM, -3.76% will have another shot at reversing that trend on Friday, when the oil giant is scheduled to report first-quarter earnings before the bell.

Oil prices have gained nearly 13% so far this year, and advanced 12% in 2017. Exxon shares, in contrast, are 4.2% in the red for the year and lost 7.3% in 2017.

Related:Global oil supply surplus may soon become a shortage

The first quarter could mark the beginning of “a progressive earnings escalation that we forecast will take place throughout the year,” analysts at Scotia Howard Weil said in a recent note.

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