PREVIEW: Chevron's quarterly earnings likely to be pressured by oil prices

Shares of Chevron CVX.N up 1.4% to $172.32 ahead of its quarterly earnings report due before markets open on Friday

CVX rev is expected to fall ~10% to $47.1 bln while adj EPS is expected to slump ~30% to $1.45 vs $2.06

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

WTI Crude prices fell ~8% in Q4 although they are up ~14% YTD; Brent off 9.2% in Q4 but uo 16.5% in 2026

Among 28 analysts covering CVX, avg rating is "BUY" and median PT is $175

CVX is up 13% YTD vs 1.5% gain in Dow Industrials .DJI and 13.5% rise in S&P 500 energy index .SPNY