Chevron posts a strong Q2 as upstream output climbs, downstream margins improve and free cash flow jumps year over year.
Chevron TodayCVXChevron$195.83 +3.52 (+1.83%) As of 12:45 PM Eastern This is a fair market value price provided by Massive. Learn more.52-Week Range$146.49▼$214.71Dividend Yield3.64%P/E Ratio33.93Price Target$207.17Add to WatchlistIt doesn't come as a big surprise that Chevron NYSE: CVX just posted one of its strongest quarters in years.
Combined profits of ExxonMobil and Chevron for the second quarter soared more than 300% in three months to more than $26 billion.
Chevron (CVX) came out with quarterly earnings of $6.06 per share, beating the Zacks Consensus Estimate of $5.8 per share. This compares to earnings of $1.77 per share a year ago.
ExxonMobil and Chevron on Friday reported second-quarter profits that surged on rising oil prices due to the Iran war.
Chevron is benefiting from higher oil prices while pursuing new growth opportunities in Iraq, Venezuela, Argentina, and power generation for AI data centers.
CVX explores Iraq's giant oil fields and export projects, signaling plans to evaluate a broader upstream presence in a key producing region.
As CVX gears up to report second-quarter earnings on July 31, let's find out how the expectations stack up. Also, know how to play the stock ahead of results.
In the most recent trading session, Chevron (CVX) closed at $190, indicating a -2.46% shift from the previous trading day.
CVX expands its offshore Malaysia plans as a Chevron subsidiary awards a $51 million drilling contract supporting the North Malay Basin gas development campaign.
Zacks.com users have recently been watching Chevron (CVX) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
The company, which has a 50% stake in a giant oil-and-gas field in Kazakhstan, spoke with U.S. officials after a Ukrainian attack hit a tanker chartered by Chevron in the Black Sea.