Chevron: Q3 Earnings Insights

Shares of Chevron CVX rose 0.4% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 93.08% year over year to $0.11, which beat the estimate of ($0.27).

Revenue of $24,451,000,000 declined by 32.30% year over year, which missed the estimate of $25,910,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Chevron hasn't issued any revenue guidance for the time being.

Recent Stock Performance

52-week high: $122.94

52-week low: $51.60

Price action over last quarter: down 18.48%

Company Overview

Chevron is an integrated energy company with exploration, production, and refining operations worldwide. Chevron is the second- largest oil company in the United States with production of 3.2 million of barrels of oil equivalent a day, including 7.6 million cubic feet a day of natural gas and 2.0 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the United States, South Africa, and Asia for total refining capacity of 1.7 million barrels of oil a day. Proven reserves at year-end 2019 stood at 11.4 billion barrels of oil equivalent, including 6.5 billion barrels of liquids and 29.5 trillion cubic feet of natural gas.