Chevron Reports Third Quarter Net Income of $2.0 Billion
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November 2, 2015 10:17 AM EST
UBS 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
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
