Core Viewpoint - Chevron Corporation's fourth-quarter performance was mixed, with adjusted earnings per share missing expectations while revenues exceeded forecasts, leading to uncertainty among investors about the company's future trajectory [1][2]. Financial Performance - Adjusted earnings per share were reported at $2.06, below the Zacks Consensus Estimate of $2.19 and significantly lower than the previous year's $3.45 [1]. - Revenues reached $52.2 billion, surpassing expectations and reflecting a year-over-year increase of 10.7% [1]. - The company increased its quarterly dividend by 5% to $1.71 per share, resulting in an attractive yield of approximately 4.5% [1]. Production and Growth - U.S. upstream production reached 1,646 thousand barrels of oil equivalent per day (MBOE/d), exceeding the consensus forecast of 1,635 MBOE/d [4]. - Chevron's U.S. output grew by 3% year over year, with record production levels in the Permian Basin, which helps offset a 5% decline in international production [5]. - The acquisition of Hess (HES) is part of Chevron's long-term growth strategy, potentially enhancing its stake in high-margin offshore fields in Guyana [5]. Strategic Initiatives - Chevron is leveraging its expertise in natural gas to supply power to AI-driven data centers, forming a partnership with investment firm Engine No. 1, with operations expected to start by late 2027 [6]. Challenges - The downstream segment reported a $248 million loss in Q4, marking its first refining loss in four years, attributed to lower refined product margins and higher operating costs [7]. - Free cash flow fell by 46% year-over-year to $4.4 billion, trailing the $7.3 billion spent on dividends and share repurchases, which may lead to reduced buybacks [9]. - The Zacks Consensus Estimate for Chevron's 2025 earnings has been downgraded, reflecting concerns over refining weakness and commodity price volatility [11]. Valuation - Chevron's stock is currently trading at a discount relative to ExxonMobil, making it appealing to value investors, supported by a Zacks Value Score of B [12]. Conclusion - Chevron's Q4 results present a mix of strengths and weaknesses, with strong revenue growth and a commitment to shareholder returns contrasted by weak refining margins and declining free cash flow, leading to a Zacks Rank of 3 (Hold) for the stock [13][15].

The Energy sector is known for its unpredictability, with prices often rising and falling sharply. While oil and gas investments have always faced market swings, uncertainty has grown even more since the COVID-19 pandemic.In this ever-changing environment, a dividend increase can be a strong signal from management. It usually shows confidence in the company’s future, as higher dividends are typically backed by expected cash flow growth. This decision suggests management’s belief that future earnings will be ...

ExxonMobil (XOM) and Chevron (CVX) , two of the world’s largest oil/energy companies, delivered contrasting earnings performances in the fourth quarter. ExxonMobil reported Q4 adjusted earnings per share of $1.67, surpassing the Zacks Consensus Estimate of $1.55. However, total revenues dipped more than 1% year over year to $83.4 billion.ExxonMobil’s production grew 20% year over year to 4,602 thousand oil-equivalent barrels per day (MBOE/d), driven by high-margin projects in the Permian Basin and Guyana. T ...

Warren Buffett and his company, Berkshire Hathaway, have been successfully picking great stocks for decades. Their track record and superior market-beating returns speak for themselves. Berkshire owns 46 stocks and exchange-traded funds (ETFs) in its $300 billion-plus equities portfolio.Berkshire's portfolio owns stocks in a variety of industries, including tech and artificial intelligence (AI), oil and gas, and financials, among others. Investors can use Berkshire's stock purchases and sales to get a glimp ...

Chevron (NYSE: CVX ) reported better than expected earnings for the December quarter due to high average prices realized in the petroleum market as well as a growing production footprint. Chevron continued to return a lot of cash to shareholders -- aAnalyst’s Disclosure: I/we have a beneficial long position in the shares of CVX, XOM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than ...

On Friday, oil and gas majors ExxonMobil (XOM 0.24%) and Chevron (CVX 0.10%) fell 2.5% and 4.6%, respectively, after reporting fourth-quarter and full-year 2024 results.The energy sector, led by ExxonMobil and Chevron, got off to a hot start this year as West Texas Intermediate (WTI) crude oil prices topped $80 per barrel. But now, WTI oil prices are hovering between $70 and $75 per barrel -- giving up the bulk of their year-to-date gains.Let's dive into the key takeaways from ExxonMobil's and Chevron's res ...

Core Insights - Chevron reported revenue of $52.23 billion for the quarter ended December 2024, marking a 10.7% increase year-over-year and exceeding the Zacks Consensus Estimate by 11.21% [1] - The earnings per share (EPS) for the quarter was $2.06, down from $3.45 in the same quarter last year, resulting in an EPS surprise of -5.94% compared to the consensus estimate of $2.19 [1] Financial Performance - Total net oil-equivalent production was 3,350 million barrels per day, slightly above the six-analyst average estimate of 3,341.59 million barrels per day [4] - U.S. upstream net oil-equivalent production was 1,646 million barrels per day, exceeding the four-analyst average estimate of 1,635.29 million barrels per day [4] - International upstream net oil-equivalent production was 1,704 million barrels per day, close to the four-analyst average estimate of 1,706.85 million barrels per day [4] - Refined product sales in the international downstream segment reached 1,557 million barrels per day, surpassing the two-analyst average estimate of 1,486.59 million barrels per day [4] - U.S. downstream refined product sales were 1,257 million barrels per day, exceeding the two-analyst average estimate of 1,217.32 million barrels per day [4] Segment Performance - Sales and other operating revenues amounted to $48.33 billion, which is a year-over-year decline of 1.2% and above the three-analyst average estimate of $45.81 billion [4] - Income from equity affiliates was reported at $688 million, significantly lower than the estimated $1.16 billion, reflecting a 30.5% decrease year-over-year [4] - The segment income for "All Other" was reported at -$817 million, worse than the three-analyst average estimate of -$494.36 million [4] Stock Performance - Chevron's stock has returned +0.9% over the past month, while the Zacks S&P 500 composite has increased by +2.7% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Last year was one for the record books for Chevron (CVX -4.56%). The energy giant increased its global production by 7% and U.S. output by 19% to record levels. The company also returned a record $27 billion in cash to shareholders through dividends and repurchases.The oil company is in an excellent position to build on last year's record performance in 2025. Here's a look at what fueled Chevron's record results last year and why this year could be another one for the record books.A well-oiled machineChevro ...

Chevron (CVX -4.56%) holds a treasure trove of low-cost natural gas resources across the U.S. This lower-carbon fuel could play a significant role in powering the artificial intelligence (AI) revolution. That technology requires a tremendous amount of electricity to power the specialized chips needed to run AI applications in data centers.The energy company is taking a major step to capitalize on this opportunity. It's partnering with a leading investment firm (Engine No. 1) and GE Vernova (GEV -2.63%) to p ...

Chevron Corporation (NYSE:CVX) Q4 2024 Earnings Conference Call January 31, 2025 11:00 AM ET Company Participants Jake Spiering - Head, IR Mike Wirth - Chairman and CEO Eimear Bonner - CFO Conference Call Participants Biraj Borkhataria - RBC Paul Cheng - Scotiabank Neil Mehta - Goldman Sachs Doug Leggate - Wolfe Research Devin McDermott - Morgan Stanley Stephen Richardson - Evercore ISI Jason Gabelman - TD Cowen Alastair Syme - Citi Betty Jiang - Barclays Ryan Todd - Piper Sandler John Royall - JPMorgan Jea ...