What is the Right Approach for Chevron Stock Post Q3 Earnings?

Chevron Corporation (CVX) recently reported its third-quarter 2024 earnings, which beat estimates primarily due to production growth in key regions. CVX achieved a 7% year-over-year increase in oil-equivalent output, with significant contributions from record U.S. production and new projects in the Gulf of Mexico. Investments in fields like Anchor and Jack/St. Malo are projected to lift Gulf of Mexico production further, providing a growth engine that supports Chevron's earnings and cash flow trajectory. Fi ...