Chevron Corporation (NYSE:CVX) Q4 2023 Earnings Conference Call February 2, 2024 11:00 AM ET Company Participants Jake Spiering - General Manager, IR Mike Wirth - Chairman and CEO Pierre Breber - VP and CFO Conference Call Participants Biraj Borkhataria - RBC Capital Markets Neil Mehta - Goldman Sachs Doug Leggate - Bank of America Merrill Lynch Josh Silverstein - UBS Paul Cheng - Scotiabank Sam Margolin - Wolfe Research, LLC Nitin Kumar - Mizuho Devin McDermott - Morgan Stanley Jason Gabelman - TD Cowen Jo ...

The stock of energy giant Chevron (CVX 2.86%) popped Friday morning after the company reported its fourth-quarter and full-year 2023 results. Chevron shares jumped as much as 3.3%. As of 11:35 a.m. ET, shares were still higher by 3%.The company's shares have lost more than 12% over the last year, but investors are having a positive reaction to an earnings beat and dividend increase today.8% dividend boostChevron reported earnings of $2.3 billion for the fourth quarter. Its adjusted earnings of $3.45 per sha ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Chevron Corporation (CVX) reported adjusted fourth-quarter earnings per share of $3.45, ahead of the Zacks Consensus Estimate of $3.29. The outperformance could be attributed to higher-than-expected U.S. production in the company’s key upstream segment. The unit’s domestic output of 1,598 thousand oil-equivalent barrels per day (MBOE/d) set a new quarterly record and came in above the consensus mark of 1,462 MBOE/d.However, the company’s bottom line fell from the year-ago adjusted profit of $4.09 due to wea ...

Chevron (CVX) reported $47.18 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 16.5%. EPS of $3.45 for the same period compares to $4.09 a year ago.The reported revenue represents a surprise of -10.29% over the Zacks Consensus Estimate of $52.59 billion. With the consensus EPS estimate being $3.29, the EPS surprise was +4.86%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine t ...

Fourth quarter 2023 earnings call February 2, 2024 ...

Chevron (CVX) came out with quarterly earnings of $3.45 per share, beating the Zacks Consensus Estimate of $3.29 per share. This compares to earnings of $4.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.86%. A quarter ago, it was expected that this oil company would post earnings of $3.68 per share when it actually produced earnings of $3.05, delivering a surprise of -17.12%.Over the last four quarters, the company has s ...

Chevron (NYSE:CVX), one of the world’s leading integrated energy companies, saw its shares rise 1% on Friday, following the release of mixed fourth-quarter earnings. Revenue missed Wall Street expectations by 8.6%, while earnings per share of $3.45 beat by 8%.Revenue of $47.18 billion missed estimates for $51.62 billion, reflecting lower oil prices. Oilfield service companies have been particularly impacted. Last week, state-owned Saudi Aramco announced it would reduce its planned maximum sustainable oil pr ...

Chevron Corp. CVX, +0.31% said Friday it had net income of $2.3 billion, or $1.22 a share, in the fourth quarter, down from $6.4 billion, or $3.33 a share, in the year-earlier period. Adjusted per-share earnings came to $3.45, ahead of the $3.19 FactSet consensus. Revenue fell to $47.180 billion from $56.473 billion a year ago, below the FactSet consensus of $50.926 billion. The net figure includes $1.8 billion of U.S. upstream impairment charges and $1.9 billion of decommissioning obligations from previou ...

Chevron said its fourth-quarter profits fell sharply from a year ago, weighed down by a number of impairment charges, but the second largest U.S. oil company still to managed to return a record amount of cash to its shareholders in 2023.The oil major returned $23.6 billion to investors by paying out $11.3 billion in dividends and buying back $14.9 billion in shares last year. It did so even as its profit fell about 40% to $21.3 billion from $35.5 billion in 2022.Chevron said its board approved an 8% increas ...