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Chevron (CVX) is one of the largest energy companies in the world and engages in several businesses like exploration and production of oil and natural gas, refining, transportation, trading and chemicals. The company competes with other established oil producers like Exxon Mobil (XOM), ConocoPhillips (COP), BP (BP) and Anadarko (APC). Our price estimate at Trefis for Chevron stands at $102, which is about 5% ahead of the market price.
Chevron earnings posts
FeedOil Price Outlook Adding Upside to Chevron Stock
Continue reading Oil Price Outlook Adding Upside to Chevron Stock
Uncertainty Overshadows Chevron's Strong Q2 Report
Though Chevron (CVX) beat estimates by reporting Friday that its quarterly net income tripled over a year earlier, shares were barely up by the end of the day.
Earnings for the second quarter came to $5.41 billion, or $2.70 per share, up from $1.75 billion or 87 cents last year. Analysts had expected a profit of $2.44 per share. Revenue in the quarter rose 32% to $53 billion.
Continue reading Uncertainty Overshadows Chevron's Strong Q2 Report
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