Chevron Corp. (NYSE: CVX) is scheduled to discuss fourth-quarter 2008 results tomorrow, January 30, in a conference call at 11:00 AM ET hosted by Dave O'Reilly, chairman and chief executive officer, Pat Yarrington, vice president and chief financial officer, and James Aleveras, general manager, investor relations. To listen in to the call, dial 703-639-1116 or 866-219-5256; the conference ID is 1320201. Or you can catch the live webcast of the call on the company's website.
For the quarter that saw a new CFO for Chevron and a warning about lower Q4 earnings, analysts polled by Thomson Reuters expect the company to report earnings of $1.81 per share, compared to $2.25 per share in the same period of the previous year. Revenue for the quarter is expected to total $47.9 billion, down 22.0% from a year ago. Chevron's earnings fell short of estimates in three of the past five quarters.
For the full year, analysts expect earnings of $11.05 per share and revenue of $264.4 billion, compared to $8.35 per share on $220.9 billion in 2007.
Analysts, on average, expect Chevron's long-term EPS growth to be 9.2%, which is less than that of the S&P 500. Yet the consensus recommendation has been to buy CVX for more than 90 days. The share price has fallen about 4% since the beginning of the year, and it is still about 14% lower it was than a year ago. Chevron recently declared a $0.65 per share quarterly dividend.
See BloggingStocks' Chevron coverage for more information about the world's second largest integrated oil company.
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