NYSE - Nasdaq Real Time Price USD

Chevron Corporation (CVX)

165.19

-0.09

(-0.05%)

As of 2:35 PM EDT. Market Open.

What Chevron, Exxon Q1 earnings mean for gas prices

Shares of Exxon Mobil (XOM) and Chevron (CVX) traded lower on Friday as both companies revealed a year-over-year decline in first quarter revenue due to refining margins being lower. Will these reports have an effect at the pump? Yahoo Finance Reporter Ines Ferré joins Wealth! to break down the potential impact on gas prices and what consumers and investors should keep in mind moving forward. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino

Yahoo Finance Video 2 hours ago

CVX
-0.05%
XOM
-2.47%
PCE, big tech, and energy earnings: 3 Things

The core Personal Consumption Expenditure (PCE) index, the Federal Reserve's preferred measure of inflation, came in hotter-than-expected for March at 2.8%, potentially delaying the Fed's next round of rate cuts. Shares of Alphabet (GOOG,GOOGL) and Microsoft (MSFT) are trading higher on Friday morning as both companies affirm their commitment to investing in AI. The companies also reported their latest quarterly earnings, beating expectations. Shares of Exxon Mobil (XOM) and Chevron (CVX) are trading lower as both companies reported mixed earnings results for the first quarter, citing lower refining margins. Yahoo Finance reporters Jennifer Schonberger, Jared Blikre, and Ines Ferre join the Morning Brief to discuss the three things investors need to watch for the trading day. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino

Yahoo Finance Video 5 hours ago

GOOG

XOM
-2.47%
MSFT
Chevron, Exxon stocks fall as lower refining margins, falling natural gas prices hit profits

Chevron and ExxonMobil said earnings per share dropped from a year earlier as they grappled with lower natural gas prices and refining margins.

Yahoo Finance 9 hours ago

CVX
-0.05%
HES

XOM
-2.47%
US Energy Stocks Fall Following Oil Giants' Subdued Earnings Reports

Shares of major U.S. energy companies experienced widespread declines in the first hour of trading on Friday, subsequent to the recently released subdued earnings reports from oil giants Exxon Mobil Corp. (NYSE:XOM) and Chevron Corp. (NYSE:CVX). The Energy Select Sector SPDR Fund (NYSE:XLE), a gauge for energy sector performance, experienced a 1.7% drop, setting it up for its worst session since the end of January. Chart: Energy Stocks Witness Their Sharpest Decline Since Late January As Major O

Benzinga 24 minutes ago

CVX
-0.05%
XOM
-2.47%
Exxon Plunges After Surprise Refining Costs Erode Returns

(Bloomberg) -- Exxon Mobil Corp. plunged the most in six months after higher-than-expected maintenance costs diminished oil-refining results. Most Read from BloombergJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingFed’s Preferred Core Inflation Gauge Rose at Brisk Pace in MarchHuawei’s New Phone Runs Latest Version of Made-in-China ChipBillionaire Stephen Ross Believes in South Florida—and Is Spending Big to Transform It

Bloomberg 1 hour ago

XOM
-2.47%
CVX
-0.05%
HES
Earnings for Big Oil backpedal as natgas prices tumble

HOUSTON (Reuters) -U.S. and European oil companies reported weaker first quarter results on Friday due to a sharp drop in natural gas prices compared with a year ago. Results at oil and gas firms are still retreating from record levels in 2022 that were boosted by a surge in demand after the COVID-19 pandemic and then when prices spiked after Russia invaded Ukraine. In the U.S., Exxon Mobil missed Wall Street earnings targets on fuel derivatives and Chevron beat tempered expectations with better-than-expected U.S. oil production.

Reuters 1 hour ago

CVX
-0.05%
XOM
-2.47%
Exxon and Chevron Stocks Fall After Earnings. The Bar Was High.

With shares of Exxon Mobil and Chevron near their 52-week highs, the companies faced a high bar for their first-quarter earnings reports, both of which were released early on Friday. Chevron, which beat analysts’ earnings estimates by a penny, was down 0.8%. Exxon, which missed estimates, was down 3.6%.

Barrons.com 3 hours ago

CVX
-0.05%
XOM
-2.47%
Oil Heads for a Weekly Advance on Signs of a Tightening Market

(Bloomberg) -- Oil headed for a weekly gain amid signs of a tightening physical market while traders continue to assess lingering Middle East risks. Most Read from BloombergJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingFed’s Preferred Core Inflation Gauge Rose at Brisk Pace in MarchHuawei’s New Phone Runs Latest Version of Made-in-China ChipBillionaire Stephen Ross Believes in South Florida—and Is Spending Big to Trans

Bloomberg 3 hours ago

CVX
-0.05%
XOM
-2.47%
Exxon Spent Money to Make Money

The oil and gas giant’s spending in recent years has opened up a huge gap with Chevron, and it might widen further.

The Wall Street Journal 4 hours ago

TTE

TTFNF

CVX
-0.05%
Chevron First-Quarter Results Fall Annually Amid Lower Refining Margins

Chevron First-Quarter Results Fall Annually Amid Lower Refining Margins

PREMIUM
MT Newswires 4 hours ago

CVX
-0.05%
Exxon, Chevron Earnings In Q1 Fall As Supermajors Spar Over South America's Oil Jewel.

Exxon Mobil and Chevron reported first-quarter earnings and revenue declines early Friday as lower refining margins and natural gas prices took a toll on the energy giants. Meanwhile, the two U.S. supermajors continue to squabble over Chevron's attempt to move into oil-rich Guyana. Both XOM stock and Chevron stock initially edged lower.

Investor's Business Daily 4 hours ago

XOM
-2.47%
CVX
-0.05%
Chevron (CVX) Q1 Earnings Beat on Strong U.S. Production

Chevron (CVX) pays $3 billion in dividends during the first quarter and spends around $4.1 billion in capital and exploratory expenditures.

Zacks 5 hours ago

CVX
-0.05%
VLO

HAL
Exxon and Chevron Earnings Fall Back to Earth

The oil companies are still printing big profits, but their postpandemic run of record earnings is slowing down.

The Wall Street Journal 6 hours ago

XOM
-2.47%
CVX
-0.05%
^GSPC
Chevron Corp (CVX) Reports Q1 2024 Earnings: A Close Call with Analyst Projections

Key Financial Metrics Nearly Align with Market Expectations Amidst Strategic Expansions

GuruFocus.com 7 hours ago

CVX
-0.05%
Chevron (CVX) Tops Q1 Earnings Estimates

Chevron (CVX) delivered earnings and revenue surprises of 3.17% and 2.45%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?

Zacks 7 hours ago

CVX
-0.05%
UPDATE 2-Exxon misses on Q1 profit despite big gains in Guyana

Exxon Mobil Corp on Friday missed analysts' estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower natural gas prices offset volume gains. Latest results from oil and gas companies including Chevron and TotalEnergies reflect a sharp downturn in natural gas prices after a warmer than usual Northern Hemisphere winter cut demand and pushed up inventories. Exxon, which is in the process of closing a $60 billion deal for top shale oil producer Pioneer Natural Resources , posted lower first-quarter earnings of $8.22 billion, down from an $11.43 billion net profit a year ago.

Reuters 7 hours ago

XOM
-2.47%
PXD

CVX
-0.05%
Exxon Mobil, Chevron See Profits Fall in 1Q Earnings

Chevron and Exxon Mobil are feeling the pinch of weak energy prices, particularly natural gas, and fuels margins that have cooled in the last year.

Hart Energy 8 hours ago

CVX
-0.05%
XOM
-2.47%
Chevron Exceeds Estimates on Oil-Output Gains Amid $80 Crude

(Bloomberg) -- Chevron Corp. surpassed expectations for a second straight quarter as strong oil-production growth from recent acquisitions helped the company take advantage of crude prices above $80 a barrel. Most Read from BloombergJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingFed’s Preferred Core Inflation Gauge Rose at Brisk Pace in MarchHuawei’s New Phone Runs Latest Version of Made-in-China ChipBillionaire Stephen

Bloomberg 8 hours ago

CVX
-0.05%
HES

XOM
-2.47%
Chevron posts Q1 profit beat with oil production gains

(Reuters) -Oil giant Chevron Corp beat estimates for first-quarter profit on Friday as higher production volumes in the U.S. helped offset a hit from weak natural gas prices and fuel margins. Chevron and Exxon Mobil, which posted first quarter results that missed Wall Street consensus estimates, are feeling the pinch of weak energy prices and fuels margins that have cooled in the last year. A glut of natural gas and a warmer-than-expected winter slashed natural gas prices, eating into earnings.

Reuters 8 hours ago

CVX
-0.05%
Chevron Reports First Quarter 2024 Results

SAN RAMON, Calif., April 26, 2024--Chevron Corporation (NYSE: CVX) reported earnings of $5.5 billion ($2.97 per share - diluted) for first quarter 2024, compared with $6.6 billion ($3.46 per share - diluted) in first quarter 2023. Foreign currency effects increased earnings by $85 million. Adjusted earnings of $5.4 billion ($2.93 per share - diluted) in first quarter 2024 compared to adjusted earnings of $6.7 billion ($3.55 per share - diluted) in first quarter 2023. See Attachment 4 for a recon

Business Wire 8 hours ago

CVX
-0.05%

Performance Overview

Return	CVX	S&P 500
YTD	+11.96%	+6.98%
1-Year	+1.80%	+25.33%
3-Year	+83.74%	+22.08%

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

Chevron Corporation (CVX)

What Chevron, Exxon Q1 earnings mean for gas prices

PCE, big tech, and energy earnings: 3 Things

Chevron, Exxon stocks fall as lower refining margins, falling natural gas prices hit profits

US Energy Stocks Fall Following Oil Giants' Subdued Earnings Reports

Exxon Plunges After Surprise Refining Costs Erode Returns

Earnings for Big Oil backpedal as natgas prices tumble

Exxon and Chevron Stocks Fall After Earnings. The Bar Was High.

Oil Heads for a Weekly Advance on Signs of a Tightening Market

Exxon Spent Money to Make Money

Chevron First-Quarter Results Fall Annually Amid Lower Refining Margins

Exxon, Chevron Earnings In Q1 Fall As Supermajors Spar Over South America's Oil Jewel.

Chevron (CVX) Q1 Earnings Beat on Strong U.S. Production

Exxon and Chevron Earnings Fall Back to Earth

Chevron Corp (CVX) Reports Q1 2024 Earnings: A Close Call with Analyst Projections

Chevron (CVX) Tops Q1 Earnings Estimates

UPDATE 2-Exxon misses on Q1 profit despite big gains in Guyana

Exxon Mobil, Chevron See Profits Fall in 1Q Earnings

Chevron Exceeds Estimates on Oil-Output Gains Amid $80 Crude

Chevron posts Q1 profit beat with oil production gains

Chevron Reports First Quarter 2024 Results

Performance Overview