Chevron says results will be 'depressed' as long as oil stays low [CNBC]
Chevron Corporation (CVX)
Last chevron corporation earnings: 5/1 06:45 am
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Source: CNBC
ChevronFor the first quarter, Chevron reported earnings per share of $1.93, which included $680 million in one-time favorable items, and $31.5 billion in revenue, helped by downstream margins and increased production in the Permian Basin. In the same quarter a year earlier, the oil giant earned $1.39 per share on $35.20 billion in revenue.duction at the nation's second-largest oil company rose 6% year over year to reach a record high of 3.24 million barrels per day of net oil-equivalent production. Chevron said production in the Permian rose 48% year over year.Looking forward, Chevron said it will cut between 200,000 and 300,000 barrels of oil-equivalent production in May, and between 200,000 and 400,000 barrels of oil-equivalent production in June.Chevron said lower oil prices will continue to have a significant impact. "Financial results in future periods are expected to be depressed as long as current market conditions persist," the company said. Chevron said that in the first quar
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CVX
Earnings
- 1/30/26 - Beat
CVX
Sec Filings
- 3/4/26 - Form 3
- 3/4/26 - Form 4
- 3/4/26 - Form 4
- CVX's page on the SEC website