Chevron Q1 Profit Drops On Higher Costs, Weak International Margins
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 02 2025
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Source: Benzinga
Chevron's Financial Performance: Chevron Corp reported first-quarter revenues of $47.61 billion, missing expectations, with adjusted net earnings of $3.8 billion and a decline in both U.S. upstream and downstream earnings compared to the previous year.
Future Outlook and Cost-Cutting Measures: The company aims to enhance free cash flow growth by 2026 through a simpler organizational structure and plans to cut structural costs by $2 billion-$3 billion by the end of that year.
Analyst Views on XLE
Wall Street analysts forecast XLE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XLE is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 48.750
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Current: 48.750
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
