Chevron (CVX) Beats Q3 Earnings Estimates

Core Insights - Chevron reported quarterly earnings of $1.85 per share, exceeding the Zacks Consensus Estimate of $1.66 per share, but down from $2.51 per share a year ago, indicating an earnings surprise of +11.45% [1][2] - The company generated revenues of $49.73 billion for the quarter ended September 2025, missing the Zacks Consensus Estimate by 7.19% and down from $50.67 billion year-over-year [2] - Chevron has surpassed consensus EPS estimates three times over the last four quarters, but has only topped revenue estimates once in the same period [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.54 on revenues of $53.54 billion, while the estimate for the current fiscal year is $7.18 on revenues of $194.28 billion [7] - The trend of estimate revisions for Chevron was unfavorable prior to the earnings release, resulting in a Zacks Rank 4 (Sell) for the stock, suggesting expected underperformance in the near future [6] Industry Context - The Oil and Gas - Integrated - International industry, to which Chevron belongs, is currently ranked in the bottom 39% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]