Chevron (CVX) Beats Stock Market Upswing: What Investors Need to Know

Company Performance - Chevron's stock closed at $143.35, reflecting a +1.84% change from the previous day, outperforming the S&P 500's gain of 0.55% [1] - Over the past month, Chevron's shares have decreased by 0.61%, underperforming the Oils-Energy sector's increase of 3% and the S&P 500's increase of 6.29% [1] Earnings Estimates - Chevron's upcoming earnings per share (EPS) are projected to be $1.58, indicating a 38.04% decrease from the same quarter last year [2] - The consensus estimate for Chevron's revenue is $46.98 billion, down 8.21% from the prior-year quarter [2] - For the full year, analysts expect earnings of $6.87 per share and revenue of $190.14 billion, representing changes of -31.64% and -6.24% respectively from last year [3] Analyst Sentiment - Recent adjustments to analyst estimates for Chevron reflect short-term business trends, with positive revisions indicating optimism regarding the company's profitability [4] - The Zacks Rank system currently rates Chevron as 5 (Strong Sell), with a 6.91% decrease in the consensus EPS estimate over the last 30 days [6] Valuation Metrics - Chevron's Forward P/E ratio stands at 20.49, which is a premium compared to the industry's average Forward P/E of 10.33 [7] - The company's PEG ratio is currently 2.47, while the average PEG ratio for the Oil and Gas - Integrated - International industry is 1.78 [7] Industry Context - The Oil and Gas - Integrated - International industry has a Zacks Industry Rank of 232, placing it within the bottom 6% of over 250 industries [8]