Chevron Corp reports results for the quarter ended December 31 - Earnings Summary

• Chevron Corp CVX.N reported quarterly adjusted earnings of $2.06​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $3.45. The mean expectation of eighteen analysts for the quarter was for earnings of $2.11 per share. Wall Street expected results to range from $1.87 to $2.34 per share.
• Revenue rose 10.7% to $52.23 billion from a year ago; analysts expected $46.75 billion.
• Chevron Corp's reported EPS for the quarter was $1.84​.
• The company reported quarterly net income of $3.24 billion.
• Chevron Corp shares had risen by 7.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 16.7% in the last three months.​
• In the last 30 days, fifteen analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell."
• The average consensus recommendation for the integrated oil & gas peer group is also "buy"

Wall Street's median 12-month price target for Chevron Corp is $176.70

This summary was machine generated from LSEG data January 31 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)