Chevron Corporation is set to announce its latest quarterly earnings on Thursday, April 30th. Analysts expect an earnings per share (EPS) of $0.973.
Chevron's stock price is currently at $189.2, showing a significant increase of $4.42 (2.39%) from the previous close. The trading volume stands at $5.73 million, 44.76% above the average.
In its last earnings report on Thursday, January 29th, Chevron reported an EPS of $1.47. The company is anticipated to reveal its latest quarterly revenue figures soon.
Chevron offers investors a forward dividend yield of 3.76%. The company distributes dividends of $1.78 per share on a quarterly basis, with a year-over-year increase of 4.908 cents.
Recently, BNP Paribas upgraded Chevron from a "Cautious" rating to "Outperform," suggesting a positive outlook on the stock.
Chevron's cash flow statement shows a net change in cash of -$1.68 billion, with operating cash flow at $10.75 billion and free cash flow at $5.38 billion.
The company reported a net income of $2.77 billion, with an EPS of $1.39. Revenue totaled $45.79 billion, resulting in a gross profit of $14.55 billion.
Key ratios indicate a gross profit margin of 31.79%, an operating profit margin of 8.79%, and a return on equity of 1.49%.
Chevron's balance sheet highlights total assets of $324 billion, with total debt standing at $46.74 billion and net debt at $40.28 billion.
Investors are advised to consider these financial insights while evaluating their positions in Chevron Corporation.
Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant. The Downstream segment engages in refining crude oil into petroleum products; marketing crude oil, refined products, and lubricants; manufacturing and marketing of renewable fuels; transporting crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car; and manufacturing and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. It is also involved in the cash management and debt financing activities; insurance operations; real estate activities; and technology businesses. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is based in San Ramon, California.