Aramco, Siemens Energy, Novo Nordisk Stand Out in Next Week’s Earnings
May 20, 2023
As a dense but brief European earnings season draws to a close, a handful of big hitters spanning energy, commodities, pharmaceuticals and food delivery remain.
Oil behemoth Saudi Aramco kicks off a week that will also see two companies serving the opposite end of the energy spectrum report: wind turbine producers Vestas Wind Systems A/S and Siemens Energy AG. While Aramco’s vast reserves, balance sheet and low lifting costs make it profitable in most oil-price scenariosBloomberg Terminal, Vestas and Siemens Energy are trying to straighten out supply chain issues and design flaws that have dented their shares.
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