CVX Stock: Chevron Earnings Highlight Bad News for Oil Prices

Chevron (NYSE:CVX), one of the world’s leading integrated energy companies, saw its shares rise 1% on Friday, following the release of mixed fourth-quarter earnings. Revenue missed Wall Street expectations by 8.6%, while earnings per share of $3.45 beat by 8%.Revenue of $47.18 billion missed estimates for $51.62 billion, reflecting lower oil prices. Oilfield service companies have been particularly impacted. Last week, state-owned Saudi Aramco announced it would reduce its planned maximum sustainable oil pr ...