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Chevron Corp (CVX)
NYSE:CVX
Earnings Data
Report Date
Apr 25, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.41Last Year’s EPS
2.93Same Quarter Last Year
Strong Buy
Based on 17 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 31, 2025
|% Change Since: 1.70%
|Next Earnings Date:Apr 25, 2025
Earnings Call Sentiment|Positive
Chevron showcased strong performance with record production and shareholder returns, alongside significant advancements in new energies and free cash flow growth projections. However, the quarter faced challenges with a decline in earnings, downstream margin pressures, and notable special charges.Company Guidance
During Chevron's fourth quarter 2024 earnings call, the company provided robust guidance and highlighted several key metrics. Chevron achieved a record $27 billion in cash returns to shareholders through dividends and buybacks, with a total of $75 billion returned over the last three years. The company reported fourth-quarter earnings of $3.2 billion, or $1.84 per share, with adjusted earnings of $3.6 billion, or $2.06 per share. The full-year organic CapEx was aligned with their $16 billion budget, while inorganic CapEx totaled $530 million. Chevron's adjusted return on capital employed (ROCE) was 10.5% for the year. Production growth was notable, with a 7% increase in 2024 and nearly 18% growth in the Permian region. Looking ahead, Chevron expects to add $10 billion of annual free cash flow by 2026, driven by upstream growth, cost reductions, and the completion of key projects like the Future Growth Project (FGP) in the Tengiz field, which is projected to add 260,000 barrels of oil production capacity.Record Production and Shareholder Returns
Chevron delivered record production both globally and in the United States, with Permian production growing nearly 18% from last year. The company also returned a record $27 billion in cash to shareholders through dividends and buybacks.
Strong Financial Position and Dividend Growth
Chevron maintained a strong balance sheet with a net debt ratio of 10%. The company announced a 5% increase in the dividend, marking the 38th consecutive year of annual dividend increases.
Advancements in New Energies
Chevron sold over 20 million barrels of bio-based diesel and completed projects to lower carbon intensity, including abating over 700 thousand tons of CO2 emissions annually.
Free Cash Flow Growth Projections
Chevron is poised for industry-leading free cash flow growth, expecting to add $10 billion of annual free cash flow in 2026.
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CVX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CVX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 31, 2025 | $154.60 | $147.55 | -4.56% |
| Nov 01, 2024 | $145.70 | $149.86 | +2.86% |
| Aug 02, 2024 | $147.77 | $143.83 | -2.67% |
| Apr 26, 2024 | $158.42 | $159.01 | +0.37% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Chevron Corp (CVX) report earnings?
Chevron Corp (CVX) is schdueled to report earning on Apr 25, 2025, TBA Not Confirmed.
What is Chevron Corp (CVX) earnings time?
Chevron Corp (CVX) earnings time is at Apr 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CVX EPS forecast?
CVX EPS forecast for the fiscal quarter 2025 (Q1) is 2.41.
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