Chevron Earnings Miss, Revenue Beats In Q1
2022.04.29 13:51
Chevron Earnings Miss, Revenue Beats In Q1
Investing.com – Chevron (NYSE:CVX) reported on Friday first quarter earnings that missed analysts’ forecasts and revenue that topped expectations.
Chevron announced earnings per share of $3.36 on revenue of $54.37B. Analysts polled by Investing.com anticipated EPS of $3.43 on revenue of $50.65B.
Chevron shares are up 37% from the beginning of the year, still down 7.42% from its 52 week high of $174.76 set on March 10. They are outperforming the S&P 500 which is down 10.04% from the start of the year.
Chevron follows other major Energy sector earnings this month
Chevron’s report follows an earnings beat by TotalEnergies SE ADR on Thursday, who reported EPS of $3.4 on revenue of $63.95B, compared to forecasts EPS of $2.97 on revenue of $72.78B.
Schlumberger had beat expectations on April 22 with first quarter EPS of $0.34 on revenue of $5.96B, compared to forecast for EPS of $0.3321 on revenue of $5.91B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
