Chevron(US:CVX) ZACKSยท2025-02-24 22:00Core Insights - Chevron reported revenue of $52.23 billion for the quarter ended December 2024, marking a 10.7% increase year-over-year, and exceeding the Zacks Consensus Estimate of $46.96 billion by 11.21% [1] - The company's EPS was $2.06, down from $3.45 in the same quarter last year, and fell short of the consensus estimate of $2.19 by 5.94% [1] Financial Performance - Total net oil-equivalent production was 3,350 million barrels per day, slightly above the analyst estimate of 3,341.59 million barrels per day [4] - U.S. upstream net oil-equivalent production was 1,646 million barrels per day, exceeding the estimate of 1,635.29 million barrels per day [4] - International upstream net oil-equivalent production was 1,704 million barrels per day, close to the estimate of 1,706.85 million barrels per day [4] - U.S. upstream net natural gas production was 2,743 Mcf/D, surpassing the estimate of 2,674.73 Mcf/D [4] - International downstream refined product sales reached 1,557 million barrels per day, exceeding the estimate of 1,486.59 million barrels per day [4] Revenue and Segment Income - Sales and other operating revenues were reported at $48.33 billion, above the average estimate of $45.81 billion, but represented a year-over-year decline of 1.2% [4] - Income from equity affiliates was $688 million, significantly lower than the average estimate of $1.16 billion, reflecting a 30.5% year-over-year decrease [4] - Segment income for "All Other" was reported at -$817 million, worse than the average estimate of -$494.36 million [4] Stock Performance - Chevron's shares returned +0.8% over the past month, outperforming the Zacks S&P 500 composite, which declined by -0.5% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [3]