How Will Chevron's Stock React To Its Upcoming Earnings?

Group 1 - Chevron Corporation is expected to announce Q2 results on August 1, forecasting EPS of $2.15 and revenue of $48.39 billion, reflecting a 29% decrease in earnings and a 9% decline in sales year-over-year [2][3] - The company's market capitalization is currently $320 billion, with a total revenue of $193 billion over the past twelve months, maintaining operational profitability with $17 billion in operating profits and a net income of $16 billion [3] - Historical data indicates that Chevron's stock has decreased after earnings reports 50% of the time, with a median one-day drop of 3.5% and a worst-case fall of 7% [2][5] Group 2 - Over the last five years, Chevron has recorded 20 earnings data points, resulting in 10 positive and 10 negative one-day returns, with positive returns occurring approximately 50% of the time [5] - The percentage of positive one-day returns increases to 64% when analyzing the last three years, with a median of 1.4% for positive returns and -3.5% for negative returns [5] - A strategy involving the correlation between short-term and medium-term returns post-earnings can be employed, particularly if the correlation between 1D and 5D returns is strong [6]