Chevron Reports Third Quarter Net Income of $2.0 Billion
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UBS Raises Price Target on Chevron (CVX) Following 3Q Earnings and Guidance
November 2, 2015 10:17 AM ESTUBS reiterated a Neutral rating on Chevron (NYSE: CVX), and raised the price target to $95.00 (from $87.00), following the company's 3Q earnings results and guidance. Adjusted EPS was $1.01, above consensus of $0.76. CVX provided a 2016-17 capex guidance range of ~$25-$28bn and $20-$24bn.
Analyst... More
Chevron (CVX) Tops Q3 EPS by 26c; Plans Job Cuts
October 30, 2015 8:30 AM EDT(Updated - October 30, 2015 8:32 AM EDT)
Chevron (NYSE: CVX) reported Q3 EPS of $1.09, $0.26 better than the analyst estimate of $0.83. Revenue for the quarter came in at $33 billion versus the consensus estimate of $31.1 billion.
Third quarter earnings were down substantially from a year ago, said Chairman and CEO John Watson. While downstream earnings remained strong, lower overall earnings reflected weaker market prices for both crude oil and natural gas, which depressed upstream profitability. We are focused on improving... More
