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RPT-BUZZ-PREVIEW: Chevron earnings expected to drop as Trump aims to boost U.S. production

ReutersJan 31, 2025 10:00 AM

Repeats Thursday's BUZZ with no changes to text

Shares of Chevron Corp CVX.N up 0.5% at $156.45 on Thurs ahead of quarterly earnings report due on Fri with investors eyeing how the oil giant will take advantage of President Donald Trump's plan to boost U.S. production

Trump has declared a national energy emergency, rolling back environmental restrictions on energy infrastructure as part of his plans to maximize domestic oil and gas production

Analysts expect CVX's rev to drop 0.91% to $46.75 bln as well as a ~39% plunge in EPS to $2.11

Among the 25 analysts that cover CVX, median PT is $176.70 and avg rating of "buy", per LSEG data

CVX's rev has met expectations 6 times over the last 8 quarters, while EPS has met estimates 5 times in the same period

CVX is up ~7.6% YTD versus a ~5% gain in the Dow Industrials .DJI

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