Economic & Earnings Commentary The long-awaited Employment Situation report from the U.S. Bureau of Labor Statistics (BLS) is out this morning. At first glance, it looks paltry: 12K new jobs were filled in October, with downward revisions to the previous two months. The Unemployment Rate remained unchanged at 4.1%. Why the disconnect between the two headline numbers? Because they pull from two different surveys: the 12K job gains comes from the Establishment survey, while unemployment is a reflection of the ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Earnings season continues to move rapidly, with a notably rich reporting docket this week. A few big-tech names and representatives from many sectors have delivered their quarterly prints, with next week just as exciting.Among the bunch this week are two energy titans, Exxon Mobil (XOM) and Chevron (CVX) . There has been a big performance disparity between the two in 2024, with XOM shares widely outperforming.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Energy companies are expec ...

Group 1 - Chevron Corporation (CVX) has acquired a 60% stake in the AREA OFF-1 block from Challenger Energy Group, becoming the operator of the block located about 100 km off Uruguay's coast [1][2] - The acquisition cost includes a cash payment of $12.5 million and CVX will assume up to $15 million of Challenger's costs for a 3D seismic campaign, along with 50% of Challenger's costs for drilling an exploration well, capped at $20 million [3] - The acquisition has received all necessary approvals from Uruguayan regulatory authorities, ensuring Challenger is fully funded for its prospects and allowing for high-quality technical work in the exploration blocks [4] Group 2 - CVX and Challenger are planning a 3D seismic campaign expected to begin in the first half of 2025, covering approximately 14,557 km [5] - Challenger is advancing its AREA OFF-3 technical work program and aims to utilize insights from AREA OFF-1 for this block, with plans to farm out AREA OFF-3 by mid-2025 [6] Group 3 - Chevron is one of the largest publicly traded oil and gas companies globally but faces challenges due to high sensitivity to oil price fluctuations and relatively expensive valuation, currently holding a Zacks Rank 5 (Strong Sell) [7] - Investors may consider better-ranked stocks in the energy sector, such as Smart Sand, Inc. (SND) with a Zacks Rank 1 (Strong Buy), and Nine Energy Service, Inc. (NINE) and Talos Energy Inc. (TALO) both with a Zacks Rank 2 (Buy) [8]

Chevron (CVX) came out with quarterly earnings of $2.51 per share, beating the Zacks Consensus Estimate of $2.47 per share. This compares to earnings of $3.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.62%. A quarter ago, it was expected that this oil company would post earnings of $2.88 per share when it actually produced earnings of $2.55, delivering a surprise of -11.46%.Over the last four quarters, the company has s ...

Chevron beat third-quarter earnings and revenue expectations, returning a record amount of cash to shareholders.Shares were up 2.6% in the premarket following the report's release.The oil major's quarterly profit, however, declined substantially compared to the year-ago period due to lower margins on refined product sales, lower prices and the absence of favorable tax times.Chevron is aiming to streamline its portfolio, with asset sales in Canada, Congo and Alaska expected to close in the fourth quarter of ...

news release FOR RELEASE AT 3:15 AM PT EXHIBIT 99.1 NOVEMBER 1, 2024 Chevron Reports Third Quarter 2024 Results • Reported earnings of $4.5 billion; cash flow from operations of $9.7 billion • Returned record $7.7 billion cash to shareholders • Started up key U.S. Gulf of Mexico projects • Optimizing portfolio with announced $6.5 billion sale of Canadian assets San Ramon, Calif., November 1, 2024 – Chevron Corporation (NYSE: CVX) reported earnings of $4.5 billion ($2.48 per share - diluted) for third quarte ...

Chevron Corporation (CVX) is slated to release third-quarter 2024 results on Nov. 1, before market open. The Zacks Consensus Estimate for the to-be-reported quarter's earnings and revenues is pegged at $2.66 per share and $51.1 billion, respectively. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. The earnings estimates for the quarter have been revised downward by 4.7% over the past 30 days. The bottomline projection indicates a decline of 12.8% from the year-ago reported number. Th ...

Oil pumps and graph getty If you're as bullish on oil as I am, let's look past vanilla bean favorites like Exxon Mobil (XOM) and Chevron (CVX). Great companies but a bit pricey, as they only yield 3% to 4%. We're better off with diversified energy funds that dish dividends up to 9%. Now we're talking! The conditions are right for another push ahead in energy's crash-'n'-rally cycle. The Middle East ('nuff said). The Federal Reserve careening towards a "no landing" scenario. And the People's Bank of China (P ...

I am not the world's most patient investor. I would like to buy and wait, and wait and hold, and then ultimately cash in on a big, decades-long winner. I've heard from many in the comments to my past articles that have enjoyed that accomplishment. ButThe stock market tells us a story…we just have to listen! That’s the mission of Sungarden Investment Publishing (SIP). Founder Rob Isbitts applies his more than 30 years of hands-on investing experience to dissect the market, bust common myths, and simplify the ...