J.P. Morgan expects solid Q3 earnings from big integrated oils

|By:, SA News Editor

The big North American integrated oil companies will begin releasing quarterly results later this week, and J.P. Morgan's energy research team forecasts earnings increases of 8% Q/Q and 9% Y/Y, remaining very positive on the sector even as crude oil prices drop below $100/bbl.

The firm considers ConocoPhillips (COP) a top name to buy and a great total return play for investors, and it likes Hess (HES), Marathon Oil (MRO), Occidental Petroleum (OXY), Suncor (SU) and Cenovus (CVE); it's much less excited about Exxon Mobil (XOM) and Chevron (CVX).