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 ...

Chevron Corporation (CVX) has entered into a major deal with Challenger Energy Group to acquire 60% of the stakes in the AREA OFF-1 block through its wholly-owned subsidiary, Chevron Uruguay Exploration.An Insight Into CVX’s DealThe deal marks a milestone for CVX as it is set to become the operator of the AREA OFF-1 block, located about 100 km off Uruguay’s coast. Per the agreement, CVX will hold a 60% stake in the block, with Challenger retaining the remaining 40% non-operating interest.The cost of the acq ...

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 ...

In the volatile energy sector, this high-yield and diversified oil giant is probably the best option for most investors. If you are looking at oil and natural gas stocks, there is one thing you should go in expecting -- and that's volatility. Oil prices are known to swing dramatically and, often, quickly. Any investor putting money to work, whether it be $100, $1,000, or $100,000, has to be prepared for periods of weakness because they will, eventually, arrive. Which is why buying an industry leader like Ch ...

With a historic presidential election just around the corner, Chevron CEO Mike Wirth told CNBC's Jim Cramer what kind of government action is important for his company. "What really matters is consistent and coherent energy policy," he said. "Affordable and reliable energy is essential to keeping inflation at a level that economies can handle — and that's why we need investments, and we need stable policy to encourage that investment." Wirth stressed that energy is a vital part of the global economy, saying ...