Chevron Corp (NYSE: CVX) is in focus this morning after coming in shy of revenue estimates for its fiscal first quarter. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Kevin Simpson shares his view on Chevron stockCopy link to sectionThe energy giant attributed the weakness to a lower margin at its refineries and natural gas prices that have tanked 35% since the start of 2024.  On the plus side, Chevron saw an annualised growth of 16% to about $2.0 b ...

Today, big oil is firmly in the spotlight, with ExxonMobil, Chevron, TotalEnergies, Phillips 66 and Imperial Oil all reporting their latest earnings within hours of each other.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.It may well make for interesting viewing too, since the oil market has been anything but straightforward lately. In terms of overall larger sentiment towards oil and gas, the world’s more advanced countries and companies have been ...

Chevron beat earnings expectations Friday, but its profit fell from the year-ago period as its refineries and international gas business faced headwinds.The oil major's net income declined 16% to $5.5 billion, or 2.97 per share, compared with the same quarter a year ago. Excluding one-time items, Chevron reported earnings of $2.93 per share, which beat Wall Street estimates. Chevron attributed declining profits to lower sales margins at its refineries and lower natural gas prices eating into profits in inte ...

news release FOR RELEASE AT 3:15 AM PT EXHIBIT 99.1 APRIL 26, 2024 Chevron Reports First Quarter 2024 Results • Reported earnings of $5.5 billion; adjusted earnings of $5.4 billion • Worldwide production 12 percent higher than a year ago • Returned $6 billion cash to shareholders; eighth straight quarter over $5 billion • Achieved key project milestones in Kazakhstan, East Mediterranean and U.S. San Ramon, Calif., April 26, 2024 – Chevron Corporation (NYSE: CVX) reported earnings of $5.5 billion ($2.97 per ...

Four prominent billionaire investors with differing investment philosophies share one thing in common: their desire to buy more shares of this top-tier company.For decades, everyday investors have looked to Wall Street's brightest and most-successful investors for inspiration and ideas as to where they should put their own money to work. Thanks to Form 13F filings with the Securities and Exchange Commission, investors are able to peer over the proverbial shoulders of Wall Street greats like billionaires War ...

Oil prices have surged approximately 15% this year, hovering near $90 a barrel with expectations of remaining at elevated geopolitical tensions. This rise in oil prices was fueled by increasing tensions between Iran and Israel, raising concerns about broader conflicts in the Middle East. In this piece, we look at three energy plays to gain exposure to the rising oil prices through energy stocks.Such developments have led to increased market volatility, with significant impacts on oil prices, bonds, commodit ...

Chevron logo is seen at the gas station in Los Angeles, United States on November 13, 2023. (Photo ... [+] by Jakub Porzycki/NurPhoto via Getty Images)NurPhoto via Getty ImagesChevron Corporation (NYSE: CVX), a company manufacturing and selling a range of refined petroleum products, including gasoline, diesel, marine, and aviation fuels, premium base oil, finished lubricants, and fuel oil additives, is scheduled to announce its fiscal first-quarter results on Friday, April 26. We expect the company’s stock ...

Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>Here are the key points: The picture emerging from the Q1 earnings season is one of steady improvement and resilience, with the earnings growth pace modestly accelerating and estimates for the coming periods starting to increase. On the flip side, revenue growth remains on a modestly deceler ...

Starting this week, the market will experience a significant influx of financial disclosures from energy companies, with two leading integrated energy giants, Exxon Mobil Corporation (XOM) and Chevron Corporation (CVX) , slated to report earnings on Apr 26. Most investors are likely contemplating which stock is in a better position ahead of first-quarter 2024 earnings.XOM’s Price Performance Solid, CVX LagsExxonMobil has proven to be incredibly rewarding since the beginning of the year, gaining 22.2% year t ...

Earnings season continues to move rapidly, with a notably rich reporting docket this week. A few big-tech names and representatives from many areas of the market are slated to report quarterly results.Among the bunch are two energy titans, Exxon Mobil (XOM) and Chevron (CVX) . Shares of each have displayed considerable relative strength over the last three months, outperforming the S&P 500 handily.But what can investors expect from the two heavyweights? Let’s take a closer look at expectations for each.Exxo ...