Core Viewpoint - Analysts forecast a decline in Chevron's quarterly earnings and revenues, indicating a challenging financial environment for the company [1][2]. Earnings and Revenue Estimates - Chevron is expected to report earnings of $2.30 per share, reflecting a year-over-year decline of 21.5% [1]. - Anticipated revenues are projected at $47.85 billion, showing a decrease of 1.8% compared to the same quarter last year [1]. - The consensus EPS estimate has been adjusted downward by 14.4% over the past 30 days, indicating a reassessment by analysts [2]. Specific Revenue Metrics - Analysts predict 'Revenues- Sales and other operating revenues' will reach $46.45 billion, a change of -0.3% from the year-ago quarter [5]. - 'Revenues- Income (loss) from equity affiliates' is expected to be $770.18 million, suggesting a significant decline of 46.6% year over year [5]. - 'Revenues- Other income' is projected at $238.75 million, indicating a decrease of 65.7% from the previous year [5]. Production Estimates - Total net oil-equivalent production is projected at 3,314.65 million barrels per day, compared to 3,346 million barrels per day in the same quarter last year [6]. - U.S. Upstream net oil-equivalent production is expected to reach 1,651.27 million barrels per day, up from 1,573 million barrels per day year-over-year [7]. - International Upstream net oil-equivalent production is forecasted at 1,667.46 million barrels per day, down from 1,773 million barrels per day in the previous year [8]. Natural Gas Production Estimates - Worldwide net natural gas production is estimated at 8,079.33 Mcf/D, a decrease from 8,267 Mcf/D year-over-year [6]. - U.S. Upstream net natural gas production is projected at 2,666.42 Mcf/D, slightly up from 2,657 Mcf/D in the same quarter last year [8]. - International Upstream net natural gas production is expected to be 5,331.01 Mcf/D, down from 5,610 Mcf/D in the previous year [9]. Liquids Production Estimates - International Upstream net crude oil and natural gas liquids production is estimated at 794.10 million barrels per day, down from 838 million barrels per day year-over-year [10]. - U.S. Upstream net crude oil and natural gas liquids production is projected at 1,214.96 million barrels per day, compared to 1,130 million barrels per day in the same quarter last year [11]. Downstream Metrics - U.S. Downstream refined product sales are expected to reach 1,305.54 million barrels per day, an increase from 1,248 million barrels per day year-over-year [12]. Stock Performance - Over the past month, Chevron shares have declined by 17.3%, contrasting with the S&P 500 composite's slight decrease of 0.2% [12].
Unlocking Q1 Potential of Chevron (CVX): Exploring Wall Street Estimates for Key Metrics