Chevron first-quarter earnings expected to fall 56%
Updated
Updated · Barron's · Apr 30
Chevron first-quarter earnings expected to fall 56%
12 articles · Updated · Barron's · Apr 30
Analysts say the drop reflects temporary accounting losses on financial hedges despite oil prices rising more than 70% this year, with annual earnings still forecast to grow 67%.
Investors are focused on how Chevron is navigating energy-market upheaval from the Iran war, after briefly suspending natural gas operations off Israel while avoiding major physical damage.
Attention is also on output in Kazakhstan, the US and Venezuela, as lower capital spending, recent analyst upgrades and ceasefire-driven oil price expectations shape views on the stock.
Analysts and Warren Buffett see deep value despite a massive earnings drop. What hidden strength in Chevron's portfolio is the market currently overlooking?
With the Strait of Hormuz closed, how is Chevron re-engineering its supply chain to navigate unprecedented geopolitical chaos and market volatility?
As Chevron powers AI's future with natural gas, is it finding a new growth engine or entering another volatile boom-and-bust cycle?