Chevron's Free Cash Flow Outlook Tops Estimates—Goldman Sachs Sees Upside

Goldman Sachs analyst Neil Mehta expressed views on the oil giant Chevron Corp‘s CVX fourth-quarter earnings reported today. Mehta is Buy-rated on CVX, with a price forecast of $182.The company reported revenues and other income of $52.23 billion, beating the consensus of $46.75 billion. Adjusted net earnings were $3.63 billion, with adjusted EPS at $2.06 (down from $3.45 a year ago) in the quarter, missing the consensus of $2.11.Also, the company increased its quarterly dividend by 5% to $1.71 per share.Me ...