Chevron (CVX) came out with quarterly earnings of $1.52 per share, beating the Zacks Consensus Estimate of $1.44 per share. This compares to earnings of $2.06 per share a year ago.
Both Chevron and Exxon Mobil both said production of oil and gas reached historic levels, but also saw profit and revenue decline as energy prices fell.
Chevron Corp (NYSE:CVX) is negotiating with the Trump administration to expand its Venezuela oil license, aiming to boost exports to 300,000 barrels per day by March.
Chevron's results come weeks after the Trump administration captured former Venezuelan President Nicolas Maduro. Chevron is the only U.S. oil major operating in Venezuela under a special license issued by the U.S. Treasury Department.
Oil producer Chevron is set to boost exports of Venezuelan crude to the U.S. to some 300,000 barrels per day (bpd) in March, from 100,000 bpd in December and some 230,000 bpd so far this month, two sources with knowledge of the plans said on Wednesday.
Chevron said on Tuesday it has appointed former American Airlines Chairman and CEO Thomas W. Horton to the energy major's board as an independent director.
U.S. oil major Chevron is pushing Iraq to improve returns on the giant West Qurna 2 oil field as a condition for buying the project from Russia's Lukoil , three sources familiar with the matter said.
CVX signs an MoU with Libya's NOC to explore oil and gas opportunities, marking the U.S. major's strategic return after more than a decade away.
As CVX gears up to report fourth-quarter earnings on Jan. 30, let's find out how the expectations stack up. Also, know how to play the stock ahead of results.
Chevron (CVX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
2025 wasn't the easiest for investors. While having to navigate through the tariff uncertainty, investors also saw major ups and downs in the stock market.
CVX reportedly plans to sell its 50% stake in Singapore Refining Company as it streamlines assets and shifts focus to higher-margin energy investments.