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Chevron (NYSE: CVX ) reported better than expected earnings for the December quarter due to high average prices realized in the petroleum market as well as a growing production footprint. Chevron continued to return a lot of cash to shareholders -- aAnalyst’s Disclosure: I/we have a beneficial long position in the shares of CVX, XOM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than ...

On Friday, oil and gas majors ExxonMobil (XOM 0.24%) and Chevron (CVX 0.10%) fell 2.5% and 4.6%, respectively, after reporting fourth-quarter and full-year 2024 results.The energy sector, led by ExxonMobil and Chevron, got off to a hot start this year as West Texas Intermediate (WTI) crude oil prices topped $80 per barrel. But now, WTI oil prices are hovering between $70 and $75 per barrel -- giving up the bulk of their year-to-date gains.Let's dive into the key takeaways from ExxonMobil's and Chevron's res ...

Core Insights - Chevron reported revenue of $52.23 billion for the quarter ended December 2024, marking a 10.7% increase year-over-year and exceeding the Zacks Consensus Estimate by 11.21% [1] - The earnings per share (EPS) for the quarter was $2.06, down from $3.45 in the same quarter last year, resulting in an EPS surprise of -5.94% compared to the consensus estimate of $2.19 [1] Financial Performance - Total net oil-equivalent production was 3,350 million barrels per day, slightly above the six-analyst average estimate of 3,341.59 million barrels per day [4] - U.S. upstream net oil-equivalent production was 1,646 million barrels per day, exceeding the four-analyst average estimate of 1,635.29 million barrels per day [4] - International upstream net oil-equivalent production was 1,704 million barrels per day, close to the four-analyst average estimate of 1,706.85 million barrels per day [4] - Refined product sales in the international downstream segment reached 1,557 million barrels per day, surpassing the two-analyst average estimate of 1,486.59 million barrels per day [4] - U.S. downstream refined product sales were 1,257 million barrels per day, exceeding the two-analyst average estimate of 1,217.32 million barrels per day [4] Segment Performance - Sales and other operating revenues amounted to $48.33 billion, which is a year-over-year decline of 1.2% and above the three-analyst average estimate of $45.81 billion [4] - Income from equity affiliates was reported at $688 million, significantly lower than the estimated $1.16 billion, reflecting a 30.5% decrease year-over-year [4] - The segment income for "All Other" was reported at -$817 million, worse than the three-analyst average estimate of -$494.36 million [4] Stock Performance - Chevron's stock has returned +0.9% over the past month, while the Zacks S&P 500 composite has increased by +2.7% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Last year was one for the record books for Chevron (CVX -4.56%). The energy giant increased its global production by 7% and U.S. output by 19% to record levels. The company also returned a record $27 billion in cash to shareholders through dividends and repurchases.The oil company is in an excellent position to build on last year's record performance in 2025. Here's a look at what fueled Chevron's record results last year and why this year could be another one for the record books.A well-oiled machineChevro ...

Chevron (CVX -4.56%) holds a treasure trove of low-cost natural gas resources across the U.S. This lower-carbon fuel could play a significant role in powering the artificial intelligence (AI) revolution. That technology requires a tremendous amount of electricity to power the specialized chips needed to run AI applications in data centers.The energy company is taking a major step to capitalize on this opportunity. It's partnering with a leading investment firm (Engine No. 1) and GE Vernova (GEV -2.63%) to p ...

Chevron Corporation (NYSE:CVX) Q4 2024 Earnings Conference Call January 31, 2025 11:00 AM ET Company Participants Jake Spiering - Head, IR Mike Wirth - Chairman and CEO Eimear Bonner - CFO Conference Call Participants Biraj Borkhataria - RBC Paul Cheng - Scotiabank Neil Mehta - Goldman Sachs Doug Leggate - Wolfe Research Devin McDermott - Morgan Stanley Stephen Richardson - Evercore ISI Jason Gabelman - TD Cowen Alastair Syme - Citi Betty Jiang - Barclays Ryan Todd - Piper Sandler John Royall - JPMorgan Jea ...

Chevron Corporation (CVX -3.86%) stock fell 4.5% through 10:35 a.m. ET Friday after the company reported a revenue beat but an earnings miss in its morning Q4 report.Analysts had predicted Chevron would earn $2.11 per share, adjusted for one-time items, on sales of $48.4 billion. Chevron beat that sales forecast with a stick, doing $52.2 billion in business during the quarter. Profits, however, came in a nickel short at $2.06 per share. Chevron Q4 earningsChevron's adjusted earnings didn't just miss analyst ...

Chevron Corporation (CVX -3.86%) stock fell 4.5% through 10:35 a.m. ET Friday after the company reported a revenue beat but an earnings miss in its morning Q4 report.Analysts had predicted Chevron would earn $2.11 per share, adjusted for one-time items, on sales of $48.4 billion. Chevron beat that sales forecast with a stick, doing $52.2 billion in business during the quarter. Profits, however, came in a nickel short at $2.06 per share. Chevron Q4 earningsChevron's adjusted earnings didn't just miss analyst ...

Goldman Sachs analyst Neil Mehta expressed views on the oil giant Chevron Corp‘s CVX fourth-quarter earnings reported today. Mehta is Buy-rated on CVX, with a price forecast of $182.The company reported revenues and other income of $52.23 billion, beating the consensus of $46.75 billion. Adjusted net earnings were $3.63 billion, with adjusted EPS at $2.06 (down from $3.45 a year ago) in the quarter, missing the consensus of $2.11.Also, the company increased its quarterly dividend by 5% to $1.71 per share.Me ...