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2025-08-01 17:16:31
[Chevron Earnings Preview: Quarterly Revenue May Fall 14% Due to Falling Oil Prices, But Analysts Remain Positive] ⑴ On Thursday (August 1st) Beijing time, oil giant Chevron (CVX) shares fell 1% to $151.81 as the market awaited its upcoming quarterly earnings. ⑵ According to LSEG data, Wall Street analysts expect Chevron's operating revenue to fall 14% year-over-year to $44 billion. ⑶ Earnings per share are expected to be $1.70, significantly lower than $2.55 in the same period last year. ⑷ The main reason for the decline in earnings is volatility in the crude oil market from April to June. ⑸ Continued production increases by the OPEC+ group of oil-producing countries put pressure on oil prices, causing Brent crude oil to fall approximately 10% last quarter. ⑹ Despite the weak earnings forecast, analysts remain optimistic. ⑺ According to LSEG data, 24 analysts have an average "buy" rating on Chevron, with a median price target of $168. ⑻ In the past eight quarters, Chevron has exceeded or met earnings per share expectations five times. ⑼ In addition, Chevron's stock price has risen by approximately 5% this year, outperforming the S&P 500 Energy Index, which has risen by approximately 2% over the same period.
