Chevron (CVX) Rises As Market Takes a Dip: Key Facts

Company Performance - Chevron's stock increased by 1.12% to $159.18, outperforming the S&P 500's decline of 0.29% [1] - Over the past month, Chevron's shares gained 0.04%, lagging behind the Oils-Energy sector's increase of 2.23% and the S&P 500's gain of 3.08% [1] Earnings Forecast - Chevron is expected to report an EPS of $2.13, reflecting a 15.14% decrease from the same quarter last year [2] - Revenue is projected to be $52.06 billion, indicating a 2.74% increase compared to the previous year [2] - For the entire fiscal year, earnings are estimated at $7.83 per share and revenue at $194.08 billion, representing declines of 22.09% and 4.29% respectively from the prior year [3] Analyst Estimates - Recent changes in analyst estimates for Chevron are crucial as they indicate shifts in near-term business trends [4] - Positive revisions in estimates suggest analysts' confidence in Chevron's business performance and profit potential [4] Zacks Rank and Valuation - The Zacks Rank system currently rates Chevron at 3 (Hold), with a 1.46% rise in the Zacks Consensus EPS estimate over the past month [6] - Chevron's Forward P/E ratio stands at 20.11, which is higher than the industry average of 10.75, indicating it is trading at a premium [7] - The company has a PEG ratio of 1.97, compared to the industry average of 1.82 [8] Industry Context - The Oil and Gas - Integrated - International industry, which includes Chevron, holds a Zacks Industry Rank of 90, placing it in the top 37% of over 250 industries [9] - Historically, the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [9]