Why Shares of Chevron Are Falling Today
Poised to end the week on a down note, shares of Chevron (NYSE: CVX) are falling today in response to the company's fourth-quarter 2022 earnings report. As of 12:24 a.m. ET, shares of Chevron are down 5%. Failing to meet bottom-line expectations, Chevron reported adjusted earnings per share of $4.09 for Q4 2022, lower than the analysts' estimate of $4.33.