When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Chevron CEO Mike Wirth joined "Squawk Box" to discuss the company's quarterly earnings results and the impact of the Middle East conflict on production.
Chevron (CVX) came out with quarterly earnings of $1.41 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $2.18 per share a year ago.
Exxon's and Chevron's profits fell compared to last year despite surging oil prices due to the Iran war. The oil majors' made financial hedges that were timed unfavorably amid the war.
WTI crude went from $57.97 a barrel in December 2025 to over $100 today. That kind of move hands a windfall to oil producers and gives their shareholders motion sickness in roughly equal measure.
A technical pullback in the energy sector has reset valuations, creating a potential entry point for investors. Despite a recent capital rotation out of sector-tracking funds, the macroeconomic drivers for sustained energy prices remain firmly in place.
Chevron is bracing for a potential downturn, with Wall Street analysts broadly predicting a year-over-year decline in both earnings and revenue for the quarter ending March 2026. The oil giant's near-term stock performance, however, will hinge on whether its actual results manage to defy—or confirm—these widely held consensus estimates.
As CVX gears up to report first-quarter earnings on May 1, let's find out how the expectations stack up. Also, know how to play the stock ahead of results.
The company's first-quarter profit doubled, with oil trading making an “exceptional” contribution.
Chevron CEO Mike Wirth says tightening jet fuel supplies may intensify airline pressure, with rising costs, reduced capacity and higher ticket prices expected.
Shares of energy giant Chevron Corporation NYSE: CVX are currently trading around $186, down over 10% from the all-time highs reached at the height of the recent Middle East tensions at the end of March. While that pullback might suggest the best of the move is behind it, the reality is far more nuanced.
The latest trading day saw Chevron (CVX) settling at $185.21, representing a -1.27% change from its previous close.