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 +0.20% change in stock price 10 days leading up to the earnings, and a +0.61% change 10 days following the report. On the earnings day itself, the stock moves by -1.06%. This data can give you a slight idea of what to expect for the next quarter's release.
CVX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
48.33B
-1.22%
-1.21%
Gross Margin
27.34%
-5.79%
-6.21%
Operating Margin
11.63%
-8.71%
4.59%
Net Margin
6.74%
47.16%
-26.66%
EPS
1.82
50.41%
-26.61%
No Data Available
CVX Earnings Analysis
Chevron Corp Corporation (CVX.N) Earnings Conference Call
Positive
Permian Production Surge: Record production growth of nearly 18% in the Permian, contributing to Chevron's overall production increase of 7% in 2024.
Shareholder Cash Returns: Returned a record $27 billion in cash to shareholders through dividends and buybacks, with a total of $75 billion returned over the past three years.
Earnings and ROCE Performance: Achieved adjusted earnings of $2.06 per share, with a strong adjusted ROCE of 10.5% for the year, reflecting efficient capital management.
Dividend Increase Announcement: Announced a 5% increase in the dividend, marking the 38th consecutive year of annual dividend increases, demonstrating commitment to shareholder returns.
Project Startups Success: Successfully completed key project startups in the Gulf of America, including first oil at the FGP, adding 260,000 barrels of oil production capacity.
Negative
Earnings Decline Report: Chevron reported earnings of $320 million, a decrease of $900 million compared to the previous quarter, indicating a significant decline in profitability.
Earnings Performance Decline: Adjusted upstream earnings were negatively impacted by revisions to asset retirement obligations and timing effects, leading to lower overall earnings performance.
Downstream Earnings Decline: Adjusted downstream earnings decreased due to softer refining and chemicals margins, reflecting a challenging market environment for these segments.
Cash Flow Challenges: In 2024, Chevron's cash flow excluding working capital was adversely affected by $150 million in tax charges related to a Canadian asset sale and $500 million in special items, indicating operational challenges.
Operating Expenses Increase: Operating expenses for TCO increased by approximately $5 per barrel from 2022 to 2023, which could pressure future cash flow guidance and operational efficiency.
CVX FAQs
How does CVX typically perform around its earnings report dates?
Is Chevron Corp (CVX) Q4 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
CVX Earning Call Sentiment
Earnings call transcript: Chevron Q4 2024 misses EPS forecast, stock drops
CVX.N
0.99%Positive
The earnings call summary reveals strong financial performance, including a 5% dividend increase, significant cash returns, and robust production growth. Despite lower adjusted earnings, optimistic guidance and strategic cost reductions are highlighted. The Q&A section showed management's confidence in future projects and opportunities, with some concerns about downstream performance. Overall, the positive aspects outweigh the negatives, suggesting a likely stock price increase in the coming weeks.
