Is Chevron (CVX) Stock a Buy Ahead of Q2 Earnings Release?

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 ...