Chevron Corporation, an American multinational energy company mainly engaged in oil and gas, is scheduled to report earnings on Friday, 28th of April 2023 The market will open with a number of announcements. Exxon Mobil, TC Energy Corp. And others in the Energy Group. Chevron’s report is for the fiscal quarter ended March 2023. Chevron’s market capitalisation is currently $320,422,106.521.
Chevron has maintained its position as one of the world’s most reliable and prosperous energy brands, with a vast portfolio of assets spanning many countries, despite market uncertainty and oil price variations over the past few years.
Revenue for Q4 2020 came in at 7.99 billion dollarsThe revenue for the quarter was up 61% compared to a year ago, but still short of the record revenue for $11.4 billion Second quarter earnings per share was $1.04 Earnings per Share for the Q4 quarter was $4.09 It fell short of expectations $4.38 The analysts’ polled per share forecast. However, revenue for the quarter was lower than expected. $56.5 billion The actual results exceeded estimates by almost Two billion dollars It was 17% higher than a year ago. Full-year revenues of $246.3 billion 52% more than in 2021. The record profits are mainly due to the high oil prices that lasted throughout the entire year and not an increase in production.
The average oil company will benefit from the rise in oil prices between 2022 ,…