Chevron Third Quarter 2024 Earnings: Beats Expectations

Chevron Corporation -2.57%

Chevron Corporation

CVX

155.24

-2.57%

Chevron (NYSE:CVX) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$50.7b (down 4.0% from 3Q 2023).
  • Net income: US$4.49b (down 31% from 3Q 2023).
  • Profit margin: 8.9% (down from 12% in 3Q 2023).
  • EPS: US$2.49 (down from US$3.49 in 3Q 2023).
earnings-and-revenue-growth
NYSE:CVX Earnings and Revenue Growth November 2nd 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Chevron Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 6.6%.

Looking ahead, revenue is expected to decline by 1.4% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 2.8%.

The company's shares are up 1.5% from a week ago.

Risk Analysis

Every question you ask will be answered
Scan the QR code to contact us
whatsapp
Also you can contact us via