CVX Earnings Prediction
The chart below shows how CVX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CVX sees a +1.25% change in stock price 10 days leading up to the earnings, and a +0.64% change 10 days following the report. On the earnings day itself, the stock moves by -1.01%. This data can give you a slight idea of what to expect for the next quarter's release.
CVX Key Earning Data
CVX Earnings Analysis
Positive
Earnings Exceed Expectations: Chevron reported earnings of $3.5 billion or $2 per share, with adjusted earnings of $3.8 billion or $2.18 per share, exceeding expectations of $2.16 per share.
Shareholder Returns Consistency: The company returned $6.9 billion to shareholders through dividends and buybacks in the first quarter, continuing a trend of over $5 billion returned for 12 consecutive quarters.
TCO Capacity Achievement: Chevron achieved nameplate capacity at TCO in just 30 days, significantly ahead of schedule, and expects increased cash distributions from TCO going forward.
Production Increase Projection: The company achieved first oil at Ballymore in the Gulf of America, contributing to a projected increase in production to 300,000 barrels of oil equivalent per day by 2026.
Refinery Expansion Impact: Chevron's expansion of the Pasadena refinery has strengthened its Gulf Coast value chain, enhancing operational efficiency.
Asset Sale Success: The company made good progress on its asset sale program, achieving premium valuations while retaining future upside in East Texas gas assets.
Exploration Acreage Expansion: Chevron added over 11 million net exploration acres since the start of last year, expanding its pipeline of future opportunities.
Strong Balance Sheet Performance: The company reported a strong balance sheet with a net debt ratio of 14%, well below its target range of 20% to 25%.
Dividend Growth Commitment: Chevron has grown its dividend for 38 consecutive years, demonstrating a commitment to returning value to shareholders through multiple commodity cycles.
Negative
Foreign Currency Impact on Earnings: Chevron's first quarter earnings were impacted by foreign currency effects, which decreased earnings by $138 million.
Production Rate Stability: The company reported a flat production rate compared to the previous quarter, indicating no growth despite new project start-ups.
Declining Organic CapEx: Organic CapEx was at its lowest quarterly total in two years, suggesting potential underinvestment in growth opportunities.
Flat Upstream Earnings: Adjusted upstream earnings were flat compared to the last quarter, with higher realizations offset by lower liftings and increased depreciation, depletion, and amortization (DD&A) costs.
Long-Term Debt Concerns: The company issued $5.5 billion in new long-term debt, which could raise concerns about financial leverage in a volatile market.
CVX FAQs
How does CVX typically perform around its earnings report dates?
CVX's stock performance around earnings reports can vary, but historical data shows specific patterns, such as a +1.25% change leading up to the report and a +0.64% change in the 10 days following the release.
Is Chevron Corp (CVX) Q1 2025 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
CVX Earning Call Sentiment
Chevron Corporation (NYSE:CVX) Q1 2025 Earnings Call Transcript
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