Yahoo Finance Sales Grew in 3Q15 for South American Energy Companies
Comparing South American Energy Companies to US Peers in 3Q15
Sales performance
In 3Q15, sales for Petróleo Brasileiro (PBR) and YPF (YPF) rose by 13% and 54%, respectively, on a YoY (year-over-year) basis, as compared to the contractions of 6.5% and 9% of ExxonMobil (XOM) and Chevron (CVX), respectively.
Petróleo Brasileiro (PBR) and YPF (YPF) represent the large-cap (large capitalization) South American ADRs (American depositary receipts) in the oil and gas sector. Petróleo Brasileiro is Brazilian, and YPF is an Argentinian-based integrated oil and gas company. ExxonMobil and Chevron represent large-cap US energy companies.
YTD performance
On a YTD (year-to-date) basis, ExxonMobil (XOM) and Chevron (CVX) have fallen 12% and 18%, respectively, and Petróleo Brasileiro (PBR) and YPF have fallen 31% and 24%, respectively. The US-based energy benchmark, the Energy Select Sector SPDR Fund (XLE), has fallen about 13% on a YTD basis.
In 3Q15, the EPS of the US-based energy companies fell by 2.5% on a YoY basis, whereas YPF rose by 75%. The trailing-12-month returns on common equity for ExxonMobil, Chevron, Petróleo Brasileiro, and YPF are 11%, 6% -6%, and 9.8%, respectively. YPF outperformed the others in sales and EPS growth on a YoY basis in 3Q15 but has fallen 24% on a YTD basis.
Production mix
• ExxonMobil operates with a production mix of 46% in both natural gas and crude oil.
• Chevron has a production mix of 33% in natural gas and 66% in crude oil.
• YPF has a production mix of 38% in natural gas and 43% in crude oil.
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