Chevron (CVX) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

Core Insights - Chevron reported revenue of $47.61 billion for the quarter ended March 2025, a decrease of 2.3% year-over-year, and EPS of $2.18, down from $2.93 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of $48.66 billion by 2.15%, while the EPS exceeded the consensus estimate of $2.15 by 1.40% [1] Financial Performance - Chevron's total net oil-equivalent production was 3,353 million barrels per day, surpassing the average estimate of 3,297.78 million barrels per day [4] - U.S. upstream net oil-equivalent production was 1,636 million barrels per day, slightly below the average estimate of 1,651.27 million barrels per day [4] - International upstream net oil-equivalent production was 1,717 million barrels per day, exceeding the average estimate of 1,667.46 million barrels per day [4] - Worldwide net natural gas production was 8,230 Mcf/D, higher than the estimated 7,997.44 Mcf/D [4] - Sales and other operating revenues were reported at $46.10 billion, slightly below the average estimate of $46.45 billion, reflecting a year-over-year change of -1% [4] Market Performance - Chevron's shares have returned -12.7% over the past month, compared to a -0.5% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]