Chevron Corporation (CVX) is slated to release second-quarter 2024 results on Aug 2, before market open. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings and revenues is pegged at $2.88 per share and $50.8 billion, respectively. The earnings estimates for the to-be-reported quarter have been revised downward by 17.9% over the past 30 days. The bottom-line projection indicates a decline of 6.5% from the year-ago reported number. The Zacks Consensus Estimate for quarterly revenues, howev ...

The presidential race is heating up, with Vice President Kamala Harris now the likely Democratic nominee against former President Donald Trump. Investors have been weighing the implications either leadership may have on the energy sector, especially as both Chevron Corp (NYSE:CVX) and Exxon Mobil Corp (NYSE:XOM) prepare to report second-quarter earnings before the open on Friday, Aug. 2.Chevron stock was last seen down 1.7% to trade at $155.25. Shares ran into resistance at the $164 level earlier this month ...

The market expects Chevron (CVX) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on August 2, 2024, might help the stock move higher if these key numbers are better t ...

Chevron (CVX) closed at $155.07 in the latest trading session, marking a +0.64% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 2.32%. Meanwhile, the Dow lost 1.25%, and the Nasdaq, a tech-heavy index, lost 3.64%.Prior to today's trading, shares of the oil company had lost 2.76% over the past month. This has was narrower than the Oils-Energy sector's loss of 8.99% and lagged the S&P 500's gain of 1.79% in that time.The investment community will be closely monitoring ...

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Oil and gas operations generate an enormous amount of data — a seismic survey in New Mexico, for instance, can provide a file that is a petabyte all by itself. "To turn that into an image that you can make a decision with is a 100 exaflop operation," Bill Braun, Chevron CIO, told the audience at this year's VB Transform. "It's an incredible amount of compute." To support such data p ...

Close to my home in Chapel Hill, North Carolina, is the factory site for VinFast Auto (NASDAQ: VFS), the Vietnamese electric vehicle company. Taxpayer funding is involved, so the media covers VinFast well. A recent headline in the Charlotte Observer read, “VinFast pushes its NC plant opening to 2028, four years later than first planned.” But if former President Donald Trump is elected again, no one in Texas will likely worry about oil companies having production problems.A major part of Trump’s economic age ...

Chevron Corporation (CVX) has entered into an agreement with QatarEnergy for the latter to acquire a 20% interest in a production sharing contract (PSC) in Block 5 offshore Suriname. Per the terms of the agreement, Chevron will retain 40% interest in the block. The remaining 40% will be owned by Paradise Oil Company, an affiliate of Suriname's national oil company, Staatsolie. Chevron is the operator of Block 5. The water depth at the site lies in the range of 98-145 feet. The financial details of the trans ...

Exxon Mobil Corp. NYSE: XOM and Chevron Corp. NYSE: CVX are two of the largest integrated oil producers in the world. The two companies have market capitalizations of $457.67 and $293.81 billion, respectively. Energy stocks have been poor performers in 2023 and much of 2024. But with expectations of higher oil prices later this year and in 2025, which of these stocks is the better buy?  Get Exxon Mobil alerts:More Alike Than They Are Different Let’s start by saying that both stocks are excellent long-term i ...

Chevron is a diversified energy company that's capable of rewarding investors regardless of the industry's ups and downs.If you are looking for an energy stock today, one company that should be on your shortlist is Chevron (CVX -1.74%). It has long been a safe harbor in what is often a turbulent environment for this industry.Here are four reasons why this integrated energy giant should be in your portfolio today, tomorrow, and well into the future.1. Chevron has a diversified energy businessThe energy secto ...

mayo5 This article was co-produced with Leo Nelissen. On May 8, legendary investor Howard Marks wrote a fascinating memo titled “The Impact of Debt.” In that memo, he mentioned research from Morgan Housel, who dove into the history of Japanese companies that had been around for more than 500 years. These ultra-durable companies are known as “shinise” and have survived every recession, war, and natural disaster over the past 500 years because of one unique characteristic: they have no debt. Essentially, ...