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

• Chevron Corp CVX.N reported quarterly adjusted earnings of $2.18​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $2.93. The mean expectation of nineteen analysts for the quarter was for earnings of $2.18 per share. Wall Street expected results to range from $1.98 to $3.18 per share.

• Revenue fell 2.3% to $47.61 billion from a year ago; analysts expected $48.09 billion.

• Chevron Corp's reported EPS for the quarter was $2.00​.

• The company reported quarterly net income of $3.5 billion.

• Chevron Corp shares had fallen by 18.5% this quarter and lost 5.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 13.2% in the last three months.​

• In the last 30 days, eleven analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy," 9 "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 $173.00

This summary was machine generated from LSEG data May 2 at 01:31 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)