옵션 체인은 다양한 행사가격과 만기일에 대한 Chevron의 주식 옵션 주요 데이터를 보여줍니다. 트레이더들은 이 정보를 사용하여 잠재적 거래를 분석하고 Chevron에 대한 시장 심리를 평가합니다..

Chevron (NYSE:CVX) 주식, 옵션 체인

Chevron

Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second-largest oil company in the United States with production of 3.1 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.8 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the US and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2023 stood at 11.1 billion barrels of oil equivalent, including 6.0 billion barrels of liquids and 30.4 trillion cubic feet of natural gas.

Earnings

Equities

News

Markets

Movers

General

AAPL

토요일에 버크셔 해서웨이(NYSE:BRK)가 보험 인수 부문의 약세로 3분기 영업 이익이 감소했다고 발표했다. 오마하에 본사를 둔 이 회사의 분기별 영업 이익은 100억 9천만 달러로 전년 동기 107억 6천 1백만 달러에서 6% 이상 하락했다.

버크셔 해서웨이가 3분 영업 이익 감소 보고, 애플 지분 추가 매각

Technicals

Trading Ideas

금요일 지정학적 긴장으로 인해 원유 가격이 상승하며 일부 석유 주식들도 상승했다. 아래 차트에서 보시다시피, 쉐브론(NYSE:CVX)도 예외는 아니다. 그래서 저희 전문 기술 분석팀은 이를 오늘의 주식으로 선정했다.

오늘의 주식: 유가 상승에 힘입어 쉐브론의 주식이 저항선 돌파

Pre-Market Outlook

MSFT

CNN 머니 공포와 탐욕 지수(Fear &amp; Greed Index)가 전체 시장 심리가 하락했음을 보여주었고, 이 지수가 목요일에 &#34;공포&#34; 구역으로 이동했다. 미국 주식은 목요일에 하락세로 마감했으며, 나스닥 종합지수는 거래 중에 500포인트 이상 하락했다. S&amp;P 500과 나스닥 모두 9월 3일 이후 가장 큰 일일 하락폭을 기록했다.

메타와 MS의 급락으로 S&amp;P 500은 한 달 만에 최악의 세션 기록, 탐욕 지수가 &#39;공포&#39; 구간으로 이동

Chevron Corp

Convex Finance - United States Dollar

CHEVRON ORD

This year&#8217;s <a href="https://www.benzinga.com/markets/esg/24/05/39012013/noaa-meteorologists-predict-aggressive-hurricane-season-what-it-means-for-home-depot-generac-other-s">hurricane season </a>is a deadly one for the eastern and Gulf Coast of the U.S. Several companies and ETFs could be affected by another tropical storm nearing the Gulf Coast.
The Storm: Tropical Storm Rafael, the 17th named storm of the 2024 season, formed in the Caribbean, <a href="https://www.nbcnews.com/weather/hurricanes/tropical-storm-rafael-forms-expected-hurricane-rcna178632">according</a> to NBC.
The storm passed by Jamaica on Tuesday. It is expected to strengthen into a hurricane on Tuesday near the Cayman Islands and pass over Western Cuba. From there, it will likely weaken into a tropical storm before making landfall near New Orleans. The path may change drastically before impacting the U.S.
The heaviest rain of up to 10 inches is expected in Jamaica.
Market Impacts: With a projected path in the Gulf of Mexico, Rafael could disrupt offshore oil and gas production, which could impact companies operating there.
Potentially affected stocks include major energy companies like Exxon Mobil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>), Chevron Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), and Occidental Petroleum Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>), and ETFs like SPDR S&amp;P Oil &amp; Gas Exploration &amp; Production ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOP#NYSE">XOP</a>) and Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>).
Storms in the Gulf of Mexico can also disrupt refining operations, which could impact refiners such as Marathon Petroleum Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>), Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>) and Valero Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLO#NYSE">VLO</a>).
Construction companies like Vulcan Materials Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMC#NYSE">VMC</a>) and Martin Marietta Materials Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLM#NYSE">MLM</a>) might benefit from increased demand for repairs and rebuilding.
Recent extreme weather activity is linked to climate change. Hurricanes, which will become even more frequent over time, may encourage homeowners to purchase home generators. Generac Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>) is the largest producer of home generators in the U.S.
Also Read:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41746843/bond-market-fear-gauge-soars-to-1-year-high-ahead-of-us-election-results-bond-vigil">Bond Market Fear Gauge Soars To 1-Year High Ahead Of US Election Results: &#8216;Bond Vigilantes Have Been Voting Early&#8217;</a></li>
</ul>
Photo: Tropical Storm Rafael, 11.5.2024. Courtesy NOAA/Public Domain

Sector ETFs

Commodities

ETFs

GNRC

Tropical Storm Rafael Could Make US Landfall: 11 Stocks, ETFs To Watch

Financial giants have made a conspicuous bearish move on Chevron. Our analysis of options history for Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) revealed 11 unusual trades.
Delving into the details, we found 36% of traders were bullish, while 63% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $63,505, and 9 were calls, valued at $367,210.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $130.0 to $180.0 for Chevron during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Chevron's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Chevron's whale activity within a strike price range from $130.0 to $180.0 in the last 30 days. 
<h3>Chevron Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730744129_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$5.65</td>
<td>$5.3</td>
<td>$5.65</td>
<td>$155.00</td>
<td>$84.7K</td>
<td>6.4K</td>
<td style="text-align: right;">7</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.45</td>
<td>$5.35</td>
<td>$5.35</td>
<td>$155.00</td>
<td>$80.2K</td>
<td>6.4K</td>
<td style="text-align: right;">380</td>
</tr>
<tr>
<td>CVX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$3.8</td>
<td>$3.75</td>
<td>$3.8</td>
<td>$140.00</td>
<td>$37.6K</td>
<td>1.1K</td>
<td style="text-align: right;">151</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$3.45</td>
<td>$3.4</td>
<td>$3.45</td>
<td>$160.00</td>
<td>$34.5K</td>
<td>9.4K</td>
<td style="text-align: right;">181</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$10.15</td>
<td>$9.6</td>
<td>$9.6</td>
<td>$180.00</td>
<td>$33.6K</td>
<td>39</td>
<td style="text-align: right;">36</td>
</tr>
</tbody>
</table>

<h3>About Chevron</h3>
Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second-largest oil company in the United States with production of 3.1 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.8 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the US and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2023 stood at 11.1 billion barrels of oil equivalent, including 6.0 billion barrels of liquids and 30.4 trillion cubic feet of natural gas.
Having examined the options trading patterns of Chevron, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of Chevron</h3>
<ul>
<li>With a trading volume of 2,648,685, the price of CVX is up by 0.33%, reaching $153.58.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 88 days from now.</li>
</ul>
<h3>What The Experts Say On Chevron</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $171.8.
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&#x2A; Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Chevron with a target price of $174. 
&#x2A; Maintaining their stance, an analyst from UBS continues to hold a Buy rating for Chevron, targeting a price of $192. 
&#x2A; An analyst from RBC Capital persists with their Outperform rating on Chevron, maintaining a target price of $175. 
&#x2A; Consistent in their evaluation, an analyst from Truist Securities keeps a Hold rating on Chevron with a target price of $155. 
&#x2A; Maintaining their stance, an analyst from Scotiabank continues to hold a Sector Outperform rating for Chevron, targeting a price of $163. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Chevron, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Chevron's Options Frenzy: What You Need to Know

Shares of Chevron Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) continued to rise in early trading on Monday, after the company reported <a href="https://www.benzinga.com/news/earnings/24/10/41531805/western-digital-shares-rally-after-q1-results-eps-beat-revenues-miss">upbeat third-quarter results</a>.
The San Ramon, California-based company reported its results amid an <a href="https://www.benzinga.com/earnings">exciting earnings season</a>. Here are some key analyst takeaways.
<ul>
<li>Truist Securities <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/588f38af77f9dd00016a51bc/neal-dingmann">analyst Neal Dingmann</a> maintained a Hold rating, while raising the price target from $150 to $155.</li>
<li>RBC Capital Markets <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/586bcbda351b9b0001ab7390/biraj-borkhataria">analyst Biraj Borkhataria</a> reiterated an Outperform rating, while lifting the price target from $170 to $175.</li>
<li>Scotiabank <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6203b5d2e008470001d757b2/rufus-hone">analyst Paul Cheng</a> reaffirmed a Sector Outperform rating and price target of $163.</li>
</ul>
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Truist Securities: Chevron's third-quarter earnings came in ahead of consensus estimates, with production on a BOE (barrel of oil equivalent) basis topping expectations, although pricing was weaker than anticipated, Dingmann said. "Production benefited from strong growth in the Permian offset by the impacts of hurricanes," he added.
Margins at Chevron's refinery business remained under pressure due to strong supply and "limited incremental demand for petroleum products," the analyst stated. While Chevron is likely to generate "relatively minimal" earnings growth next year due to margin pressure and lower oil, a potential successful acquisition of Hess "would notably change our estimates," he further wrote.
RBC Capital Markets: Chevron reported its earnings and cash flows ahead of expectation, backed by "a solid operational performance," Borkhataria said.
"Record production in the Permian, and strong delivery elsewhere supported CVX&#8217;s earnings this quarter, and the new structural cost reduction target should help investors re-focus on the investment case," the analyst wrote. While uncertainty around the Hess deal remains, management's commentary around Permian capex peaking in 2024 is likely to boost free cash flows into 2025 and beyond, he added.
Scotiabank: The company's adjusted earnings of $2.51 per share and cash flows of $4.59 per share beat consensus of $2.41 and $4.32, respectively. "Robust Upstream production drove the beat, with the company setting yet another quarterly record in the Permian and achieved record high production in TCO," Cheng said.
Chevron repurchased $4.7 billion of stock in the third quarter, higher than the quarterly run-rate target of $4.375 billion at the midpoint, the analyst stated. The company aims at cost reduction between $2 billion and $3 billion by end of 2026, while targeting another $7 billion in assets sales by 2028, he added.
Price Action: Shares of Chevron had risen by 0.48% to $153.81 at the time of publication on Monday.
Read More: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/technicals/24/11/41695818/stock-of-the-day-oil-climbs-and-chevron-follows-suit">Stock Of The Day: Oil Climbs — And Chevron Follows Suit</a></li>
</ul>
Image: Shutterstock

Analyst Color

Earnings Beats

Price Target

Reiteration

Analyst Ratings

Chevron Posts Q3 Beat As 'Uncertainty Around Hess Deal Remains,' Analysts Say

UBS analyst Josh Silverstein maintains Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) with a Buy and raises the price target from $192 to $194.

UBS Maintains Buy on Chevron, Raises Price Target to $194

RBC Capital analyst Biraj Borkhataria maintains Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) with a Outperform and raises the price target from $170 to $175.

RBC Capital Maintains Outperform on Chevron, Raises Price Target to $175

Truist Securities analyst Neal Dingmann maintains Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) with a Hold and raises the price target from $150 to $155.

Truist Securities Maintains Hold on Chevron, Raises Price Target to $155

Barclays analyst Betty Jiang maintains Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) with a Overweight and raises the price target from $168 to $174.

Barclays Maintains Overweight on Chevron, Raises Price Target to $174

On Saturday, Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) registered a decline in <a href="https://www.businesswire.com/news/home/20241102654212/en/Berkshire-Hathaway-Inc.-News-Release" target="_blank" rel="noreferrer noopener">third-quarter</a> operating earnings, driven by weakness in the insurance underwriting segment.
The Omaha-based company&#8217;s quarterly <a target="_blank" href="https://www.berkshirehathaway.com/qtrly/3rdqtr24.pdf" rel="noreferrer noopener">operating earnings</a> of $10.09 billion slumped over 6% from $10.761 billion in the year-ago quarter.
Approximately 70% of the aggregate fair value was concentrated in five companies, as of September-end 2024:
<ul>
<li>American Express Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) &nbsp;&#8211; $41.1 billion</li>
<li>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)&nbsp;&#8211; $69.9 billion</li>
<li>Bank of America Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) &#8211; $31.7 billion</li>
<li>Coca-Cola Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>)&nbsp;&#8211; $28.7 billion&nbsp;</li>
<li>Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) &#8211; $17.5 billion</li>
</ul>
It seems <a href="https://www.benzinga.com/topic/warren-buffett">Warren Buffett</a> has vended another considerable slice of his Apple stake, continuing to reduce Berkshire Hathaway&#8217;s most significant equity investment for the fourth consecutive quarter.
Despite the ongoing selling spree, Berkshire did not buy back any company shares during the period.
Berkshire Hathaway&#8217;s cash reserves soared to a record $325.2 billion as of September-end, increasing from $276.9 billion in the second quarter, as Warren Buffett continued selling stocks, per a <a href="https://www.cnbc.com/2024/11/02/berkshire-hathaways-cash-fortress-tops-300-billion-as-buffett-sells-more-stock-freezes-buybacks.html" target="_blank" rel="noreferrer noopener">news</a> report from CNBC.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/entertainment/24/11/41700057/warren-buffetts-frugal-lifestyle-was-once-highlighted-in-the-office-cameo-what-about-mileag" rel="noreferrer noopener">Warren Buffett&#8217;s Frugal Lifestyle Was Once Highlighted In &#8216;The Office&#8217; Cameo: &#8216;What About Mileage When I Use My Car, I Mean Gas Ain&#8217;t Cheap You Know&#8217;</a>
This suggests that Buffett sold roughly a quarter of his stake, leaving around 300 million shares in his holdings. Overall, CNBC <a target="_blank" href="https://www.cnbc.com/2024/11/02/berkshire-hathaway-brk-earnings-q3-2024.html" rel="noreferrer noopener">reported</a> that his stake has decreased by 67.2% compared to the end of the third quarter of last year.
He began reducing his stake in the iPhone manufacturer during the fourth quarter of 2023 and significantly increased his selling in the second quarter, when he unexpectedly sold nearly half of his investment, the report added.
Berkshire and its subsidiaries also invest in certain businesses using the equity method, with significant holdings in common stock of The Kraft Heinz Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>) and Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>).
As of September 30, 2024, the firm owned 26.9% of Kraft Heinz&#8217;s outstanding shares and 28.2% of Occidental&#8217;s outstanding shares.
Q3 In Detail
The company reported third-quarter net earnings of $18,272 per average equivalent Class A share, compared with a $(8,824) loss per share in the year-ago period.&nbsp;
The company registered net earnings of $12.18 per average equivalent Class B share, compared with $(5.88) per share year over year.
In the third quarter, insurance underwriting generated earnings of $750 million versus $2.42 billion year over year (down 69%).
Earnings from insurance investment income were $3.664 billion, higher&nbsp;than $2.470 billion a year ago.
Buffett, 94, is one of the best-known fundamental investors in the world. Known as the &#8220;Oracle of Omaha,&#8221; he has a real-time net worth of $142.2 billion&nbsp;<a target="_blank" href="https://www.forbes.com/profile/warren-buffett/?sh=2ee1b9a34639" rel="noreferrer noopener">per</a> Forbes.
Read Next:
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<li><a href="https://www.benzinga.com/general/education/24/10/41418702/warren-buffetts-words-of-wisdom-benzinga-readers-pick-their-favorite-oracle-of-omaha-quote" target="_blank" rel="noreferrer noopener">Warren Buffett&#8217;s Words Of Wisdom: Benzinga Readers Pick Their Favorite Oracle Of Omaha Quote</a></li>
</ul>

Berkshire Hathaway Reports Decline In Q3 Operating Earnings, Further Reduces Apple Stake

<a href="https://www.benzinga.com/news/large-cap/24/11/41689431/oil-prices-almost-recoup-week-losses-as-iran-mulls-retaliatory-attack-against-israel-prior-to-us-e">Oil is traded higher on Friday because of geopolitical tensions</a>, which have also caused some oil stocks to move up.
As you can see on the chart below, Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) is no exception. This is why our team of expert technical analysts has made it our Stock of the Day.
Moves in financial markets are determined by supply and demand. It's basic economics. If the supply and the demand aren't equal, the market will adjust and try to find equilibrium.
For example, if there isn't enough supply (sell orders) in the stock market to fill all of the buy orders (demand), the price will move higher. This happens because investors and traders who wish to acquire shares will be forced to pay premiums to attract sellers&#8217; interest and draw them into the market.
But the tide turns when a stock reaches a resistance level.
At these levels, there is more than enough supply to fill the demand. Traders can buy all the shares they need without worrying about pushing the price higher.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/11/41681804/chevron-q3-earnings-production-boost-by-pdc-energy-permian-basin-targets-2-3-billion-in-structural-">Chevron Q3 Earnings: Production Boost By PDC Energy &amp; Permian Basin, Targets $2-$3 Billion In Structural Savings By 2026</a>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="527" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/01163011/cvx-stock-1024x527.png" alt="" class="wp-image-626325" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/01163011/cvx-stock-1024x527.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/01163011/cvx-stock-300x154.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/01163011/cvx-stock-768x395.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/01163011/cvx-stock-1536x790.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/01163011/cvx-stock.png 1587w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
As you can see on the chart, the $152.50 level has been resistance for Chevron for about a month.
This isn't a coincidence. There is resistance at this level for a reason. It is because it had previously been a support level.
Levels that had been support turning into resistance are common in financial markets. This is due to &#8220;buyer's remorse.&#8221;
Some investors and traders who bought shares around the support in June and July thought they made a good move when the price increased soon after.
But when the support eventually broke, and Chevron moved lower, they changed their minds. A number of these remorseful buyers had second thoughts and decided to sell. However, they would only sell if they can do so at breakeven and not lose money.
As a result, when Chevron finally rallied back to their buy prices, they placed sell orders. This large concentration of these sell orders has caused resistance to form at the same level that had previously been support.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/11/41692530/tech-stocks-surge-but-s-p-500-faces-second-weekly-decline-amazon-rallies-bitcoin-drops-below-70-000">Tech Stocks Surge But S&amp;P 500 Faces Second Weekly Decline, Amazon Rallies, Bitcoin Drops Below $70,000: What&#8217;s Driving Markets Friday?</a></li>
</ul>
Photo: Shutterstock

Stock Of The Day: Oil Climbs — And Chevron Follows Suit

<a href="https://www.bloomberg.com/news/articles/2024-11-01/chevron-flags-possible-us-job-cuts-in-3-billion-cost-cutting" title="https://www.bloomberg.com/news/articles/2024-11-01/chevron-flags-possible-us-job-cuts-in-3-billion-cost-cutting">https://www.bloomberg.com/news/articles/2024-11-01/chevron-flags-possible-us-job-cuts-in-3-billion-cost-cutting</a>

Reported Earlier: 'Chevron Flags Possible Job Cuts in $3 Billion Cost Plan' - Bloomberg

Wall Street rebounded Friday following Thursday&#8217;s selloff, yet midday gains were still insufficient to prevent a second consecutive weekly decline for the S&amp;P 500, currently <a href="https://www.benzinga.com/markets">down 1% for the week. </a>
Concerns over tech earnings eased after Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) outperformed expectations, restoring some risk appetite and supporting the sector rebound.
Amazon shares surged over 6%, heading for their best session since February.
The Nasdaq 100, up by 1.1%, outperformed the S&amp;P 500, up 0.8%. 
In economic data, the U.S. economy added just 12,000 jobs in October, a steep drop from the 223,000 gain in September and well below the forecast of 113,000, as hurricanes and strikes led to hiring freezes nationwide. 
Despite the weak job figures, the unemployment rate held steady at 4.1%, indicating companies chose to retain workers rather than downsize.
The ISM Manufacturing PMI signaled contraction for the seventh consecutive month in October, with the index missing estimates.
Oil prices experienced a volatile session, initially spiking on reports of an imminent retaliatory attack by Iran on Israel before pulling back as those concerns faded. Gold edged down 0.1%.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) dipped 0.3%, slipping below the $70,000 mark.
<h3 class="wp-block-heading">Friday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day % change</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,123.15</td>
<td>1.2%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,161.88</td>
<td>1.0%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,751.05</td>
<td>0.8%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,209.70</td>
<td>0.6%</td>
</tr>
</tbody>
</table>
</figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent110124&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.9% to $573.75.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 1.1% to $422.09.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rallied 1.2% to $489.80.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 0.8% to $219.26.</li>
<li>The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) outperformed, rising 2%. The Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) lagged, down 1.4%.</li>
</ul>
<h3 class="wp-block-heading">Friday&#8217;s Stock Movers</h3>
Stocks reacting to earnings reports included: 
<ul>
<li>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), down 1.6%.</li>
<li>Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), up over 6%.</li>
<li>Atlassian Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>), up 20%.</li>
<li>Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>), down 0.7%.</li>
<li>Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), up 2.8%.</li>
<li>Charter Communications Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>), up 13%.</li>
<li>Dominon Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>), down 0.2%.</li>
<li>Cardinal Health Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAH#NYSE">CAH</a>), up 6%.</li>
<li>CBOE Global Markets Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#NYSE">CBOE</a>), down 2.9%.</li>
<li>Waters Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAT#NYSE">WAT</a>), up 17%.</li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41690576/apple-q4-results-better-than-feared-analysts-highlight-iphone-16-demand-apple-intel">Apple Q4 Results &#8216;Better-Than-Feared&#8217;: Analysts Highlight iPhone 16 Demand, Apple Intelligence Opportunity After &#8216;Rock Solid Quarter&#8217;</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Large Cap

Macro Economic Events

Broad U.S. Equity ETFs

Econ #s

Economics

Tech

$BTC

AMZN

CBOE

CHTR

SPDR Dow Jones Industrial Average ETF Trust

INTC

TEAM

Select Sector SPDR-Consumer Discretionary

Tech Stocks Surge But S&P 500 Faces Second Weekly Decline, Amazon Rallies, Bitcoin Drops Below $70,000: What's Driving Markets Friday?

Chevron CFO Says First Category Of Cost Savings Actions Is Portfolio Actions; Balance Sheet Is Strong Enough To Support Share Buybacks In Down Cycles; Balance Sheet "Is Under-Levered" Compared To Historical Levels; We Anticipate Net Debt Will Come Down In Future With Growth Coming And Asset Sale Proceeds

Chevron CEO Mike Wirth Says We Have Advantaged Inventory With Around 75% Locations At A Break Even Or Below $50; Says We Will See Shutdown At Pasadena Refinery In Current Quarter; Capital Spending In Permian Shale Basin Will Likely Peak This Year; Hess Deal Closing Conditions Requires End To Arbitration; CFO Says Expects To See Benefit Of New Cost Cutting Program To Appear In 2027

Crude prices are nearing full recovery from early-week losses, poised for a third consecutive daily gain on Friday amid escalating geopolitical tensions <a href="https://www.benzinga.com/topic/middle-east">in the Middle East.</a>
A report by <a href="https://www.axios.com/2024/10/31/israel-iran-planning-attack-iraq">Axios</a> on Thursday, citing two Israeli intelligence sources, indicates Iran may be preparing a major retaliatory strike from Iraq within days. Israeli intelligence reportedly anticipates an attack using numerous drones and ballistic missiles launched from Iraq.
Yet, U.S. officials told Axios that they remain uncertain whether Iran has finalized a decision to act. 
Iranian Revolutionary Guard Corps commander Hussein Salami warned on Thursday that Iran's response would be beyond any scenario Israel might anticipate.
In parallel, the conflict in Gaza intensified on Friday. Israeli airstrikes in Gaza killed more than 60 Palestinians within the past day, according to local medical sources. Israeli strikes also extended into the southern suburbs of Beirut.
Diplomatic efforts led by the U.S. struggled to make headway.
Market Reaction: West Texas Intermediate (WTI) crude prices, tracked by the United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>), rose 2.4% on Friday. They reached $71 per barrel marking three days of upward momentum.
Since Wednesday, oil prices rebounded by over 5%. They nearly erased the declines seen earlier in the week caused by subdued attacks from Israel to Tehran.
U.S. energy stocks followed suit, with the Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) climbing 1%. Notably, Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) and Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) rose by 0.6% and 3.9%, respectively, following quarterly earnings releases. 
While both oil giants topped earnings estimates, Exxon's revenue came in below expectations.
Now Read:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/11/41687354/stocks-rebound-after-selloff-as-october-hiring-slump-fuels-interest-rate-cut-bets-10-etfs-to-wat">Stocks Rebound After Selloff As October Hiring Slump Fuels Interest Rate Cut Bets: 10 ETFs To Watch Friday</a></li>
</ul>
Image:

Specialty ETFs

Politics

Oil Prices Almost Recoup Week Losses As Iran Mulls Retaliatory Attack On Israel Prior To US Elections

Oil giant Chevron Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) shares are trading higher after the company&nbsp;reported<a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b41678682/chevron-reports-third-quarter-2024-results" rel="noreferrer noopener"> third-quarter results</a>.
Revenues&nbsp;and other income of&nbsp;$50.669 billion&nbsp;beat the consensus of&nbsp;$48.986 billion.&nbsp;
Worldwide net oil-equivalent production rose 7% year over year to 3,364 MBOED, led by the acquisition of PDC Energy and strong production in the Permian Basin.
Adjusted net earnings were&nbsp;$4.53 billion, with adjusted EPS being $2.51 (down from&nbsp;$3.05 a year ago) in the quarter,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">surpassing the consensus of&nbsp;$2.43.</a>
Third-quarter earnings fell due to reduced margins on refined product sales, the lack of favorable tax items from the previous year, and lower realizations.
U.S. Upstream reported&nbsp;earnings of&nbsp;$1.946 billion versus&nbsp;$2.074 billion a year ago. The decrease in earnings was due to lower realizations and higher depreciation, depletion, and amortization.
International upstream earnings fell&nbsp;to&nbsp;$2.643 billion&nbsp;from&nbsp;$3.681 billion&nbsp;a year ago due to the lack of favorable tax effects from the prior year and absence of prior year favorable foreign currency effects.
U.S. downstream earnings declined to&nbsp;$146 million&nbsp;from&nbsp;$1.376 billion&nbsp;due to reduced margins on refined product sales.
International downstream earnings rose to&nbsp;$449 million&nbsp;from&nbsp;$307 million&nbsp;the prior year quarter, on higher margins on refined product sales.
Operating cash flow totaled&nbsp;$9.7 billion, flat year-over-year, as higher dividends from equity affiliates and favorable working capital impact were offset by weak earnings and a one-time payment for ceased operations.
CVX returned&nbsp;$7.7 billion of cash to shareholders during the quarter, including dividends of&nbsp;$2.9&nbsp;billion and share repurchases of&nbsp;$4.7 billion.
CVX held cash and equivalents of&nbsp;$4.699 billion as of September-end.
Dividend: The company declared a quarterly dividend of&nbsp;$1.63 per share, payable on December 10, to shareholders of record as of November 18, 2024.
Mike Wirth, Chevron&#8217;s chairman and chief executive officer, said, &#8220;Chevron started up key projects in Anchor, Jack/St. Malo and Tahiti fields this quarter. These projects, combined with additional project start-ups through 2025, are expected to grow U.S. Gulf of Mexico production to 300,000 barrels of net oil-equivalent per day by 2026.&#8221;
&#8220;Additionally, cost reduction efforts are underway, and the company is targeting $2-3 billion of structural cost reductions from 2024 by the end of 2026.&#8221;
This month, Chevron&#8217;s subsidiary penned a deal to sell a stake in several projects and assets to Canadian&nbsp;Natural Resources for <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41204567/chevron-sells-6-5b-assets-to-canadian-natural-resources-details" rel="noreferrer noopener">$6.5 billion in cash</a>.
This sale is part of Chevron&#8217;s plan to divest $10 billion-$15 billion in assets by 2028 to&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/01/36713815/chevron-eyes-sale-of-canadas-duvernay-shale-gas-assets-to-trim-portfolio-report" rel="noreferrer noopener">streamline its global energy portfolio</a>.
Investors can gain exposure to CVX via&nbsp;EA Series Trust Strive U.S. Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRLL#NYSE">DRLL</a>) and&nbsp;Westwood Salient Enhanced Energy Income ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEEI#NASDAQ">WEEI</a>).
Price Action: CVX shares are up 2.07% at $151.90 premarket at the last check Friday.
Image via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41571526/exxon-shell-warren-buffett-backed-occidental-petroleum-and-other-oil-stocks-tumble-in-premarket-afte" target="_blank" rel="noreferrer noopener">Exxon, Shell, Warren Buffett-Backed Occidental Petroleum And Other Oil Stocks Tumble In Premarket After Israel&#8217;s Strikes On Iran</a></li>
</ul>

Asset Sales

DRLL

WEEI

Chevron Q3 Earnings: Production Boost By PDC Energy & Permian Basin, Targets $2-$3 Billion In Structural Savings By 2026

Investors on Wall Street could see some respite after major indices registered a downbeat session on Thursday. Index futures point to a positive start on Friday, ahead of the crucial monthly report on jobs data.
Thursday was a busy day as far as tech earnings are concerned, with Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) reported their September quarter results.
While Meta and Microsoft both fell in after-market hours, Amazon surged after the company handily beat Street consensus. The company expects its fourth-quarter sales to surge between 7% to 11%.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.47%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.39%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.35%</td>
</tr>
<tr>
<td>R2K</td>
<td>0.12%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Monday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.43% to $571.07 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gained 0.51% to $486.33, according to<a href="https://benzinga.grsm.io/lxquj26b2sag"> Benzinga Pro data</a>.
Cues From Last Session:
All three major indices registered a downbeat Thursday, with S&amp;P 500 and Nasdaq Composite posting their biggest single-day fall since Sept. 3.
The overall investor sentiment declined, with the Greed index entering the "Fear" territory.
Most sectors on the S&amp;P 500 closed on a negative note, with information technology, consumer discretionary, and real estate stocks recording the biggest losses on Thursday. However, utilities and energy stocks bucked the overall market trend, closing the session higher.
Crude oil prices edged up, mostly recovering their losses over the previous weekend due to Israel's missile strikes on Iran.
Treasury yields continued to climb amid fears of higher deficits due to a possible re-election of former President Donald Trump.
Besides, the International Monetary Fund has also warned about the long-term trajectory <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41495286/deficit-strain-in-washington-will-get-worse-imf-warns-national-debt-projections-rev">of U.S. national debt</a>
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-2.76%</td>
<td>18,095.15</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-1.86%</td>
<td>5,705.45</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.90%</td>
<td>41,763.46</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.63%</td>
<td>2,196.55</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Ryan Detrick, Chief Market Strategist at Carson Group, highlighted that November is the "best month of the year" as far as equity markets are concerned.
"The last time it fell more than 1% was in 2008, and it has been higher 11 of the past 12 years. Not to be outdone, it is the best month since 1950, in the past decade, and in election years, while it ranks as the second-best month the past 20 years (only July is better)."
Detrick <a href="https://www.carsongroup.com/insights/blog/seven-reasons-this-bull-market-is-alive-and-well/">added</a> that the bull market is here to stay. After experiencing a bull run for the past three years, the expert highlighted that "the potential for many more years of gains is actually quite high."
WisdomTree and Wharton School economist&nbsp;Jeremy Siegel, too, thinks earnings will beat interest rates, but there's something more important to consider.
He added that there could be increased anxiety in the markets until the election is over, after which there could be a bounce back.
However, Siegel added that he now anticipates only three 25-basis point rate cuts between now and June next year.
"Earnings will trump interest rates for stocks, but certainly for bonds, they are not good," Siegel told CNBC in <a href="https://www.cnbc.com/video/2024/10/31/earnings-will-trump-interest-rates-for-stocks-but-not-bonds-says-whartons-jeremy-seigel.html">an</a> interview.
On the economic data front, U.S. initial jobless claims declined by 12,000 from the previous week to 216,000 in the week ending Oct. 26.
The personal consumption expenditure price index rose 0.2% month-over-month in September following a 0.1% increase in August.
See Also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Upcoming Economic Data:
<ul>
<li>The monthly jobs report is scheduled to be released at 8 a.m. ET.</li>
<li>S&amp;P&#8217;s final U.S. manufacturing PMI will be released at 9:30 a.m. ET.</li>
<li>Construction spending data will be released at 10 a.m. ET.</li>
<li>Auto sales data is expected to be released during the day.</li>
</ul>
Stocks In Focus:
<ul>
<li>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) shares fell 1.2% in premarket even as the company posted record quarterly revenue on the back of a rebound in iPhone sales.</li>
<li>Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) will be on investors' radar after the company reported better-than-expected results during the September quarter. The stock is up 6.8% in premarket trading.</li>
<li>Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) is up nearly 6% in premarket trading even after the company posted a record loss of $16.6 billion during the September quarter.</li>
<li>Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) shares surged 1.3% in premarket trading after the company beat earnings per share (EPS) estimates, even though it posted a slight miss on revenue.</li>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) shares continued to fall amid increased volatility, falling 3.3% in premarket trading. The stock fell 11.7% on Thursday.</li>
<li>Investors are awaiting earnings results from Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) and Cardinal Health Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAH#NYSE">CAH</a>) today.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures gained in the early New York session, rising 2.08% as Iran prepares for another attack on Israel.
The benchmark 10-year Treasury note yield rose marginally to 4.289%.
Most Asian markets closed in the red on Friday, while European stocks were mostly higher in early trading.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41663633/biggest-gold-etf-posts-highest-monthly-inflows-in-2-5-years-as-investors-rush-to-">Biggest Gold ETF Posts Highest Monthly Inflows In 2.5 Years As Investors Rush To Safe Haven Ahead Of Presidential Election</a></li>
</ul>
Photo courtesy: Wikimedia

Futures

Federal Reserve

US Stocks Likely To Open Higher After 'Mag 7' Wrap Up Busy Week, Apple, Amazon And Intel On Radar: Investors Eye Monthly Jobs Report, Economist Says Earnings Won't Trump Bonds

WIIM

Chevron shares are trading higher after the company reported better-than-expected Q3 financial results.

Chevron Q3 Net Oil-Equivalent Production 3,364 MBOED (+7% YoY)

Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) reported quarterly earnings of $2.51 per share which beat the analyst consensus estimate of $2.43 by 3.29 percent. This is a 17.7 percent decrease over earnings of $3.05 per share from the same period last year. The company reported quarterly sales of $50.669 billion which beat the analyst consensus estimate of $48.986 billion by 3.44 percent. This is a 6.31 percent decrease over sales of $54.080 billion the same period last year.

Chevron Q3 2024 Adj. EPS $2.51 Beats $2.43 Estimate, Sales $50.669B Beat $48.986B Estimate

Chevron Q3 2024 Adj. EPS $2.51 Beats $2.43 Estimate

In a report released today, Neal Dingmann from Truist Financial maintained a Hold rating on Chevron (CVX – Research Report). The company's shares c...

Truist Financial Sticks to Its Hold Rating for Chevron (CVX)

There's a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Enbridge (ENB – Research Report) and Chevron (CVX – Rese...

Analysts Offer Insights on Energy Companies: Enbridge (ENB) and Chevron (CVX)

Bernstein analyst Bob Brackett maintained a Hold rating on Chevron (CVX – Research Report) today and set a price target of $154.00. The company's s...

Bernstein Remains a Hold on Chevron (CVX)

RBC Capital raised the firm's price target on Chevron (CVX) to $175 from $170 and keeps an Outperform rating on the shares. The company's Q3 result...

Chevron price target raised to $175 from $170 at RBC Capital

DZ Bank analyst Werner Eisenmann upgraded Chevron (CVX) to Buy from Hold with a $170 price target Published first on TheFly – the ultimate source f...

Chevron upgraded to Buy from Hold at DZ Bank

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Chevron is said to consider selling its Hong Kong gas stations

Oil price creeps upward as U.S. election, tropical storm loom

Shell: Smashing Estimates Again, Reiterating Top Pick

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Press Releases

Chevron Shipping, Wärtsilä Partner to Lower Methane Emissions on LNG Carriers

Chevron-Hess Merger Clears FTC Antitrust Review

Advisory: Chevron Corporation's 3Q 2024 Earnings Conference Call and Webcast

HONEYWELL AND CHEVRON COLLABORATE ON AI-ASSISTED SOLUTIONS FOR REFINING PROCESSES

Oil Prices Spike As Middle East Tensions Escalate

Chevron Commits $250,000 to Hurricane Helene Relief and Recovery Efforts

Chevron Announces US$6.5 bn Sale of Its Interests in the Athabasca Oil Sands Project and Duvernay Shale

Advisory: Chevron, Houston Texans Legends and Kids' Meals team up to set record in packed lunches for Houston area kids

Chevron Commits an Additional $250,000 to Hurricane Relief Efforts

Chevron Reports Third Quarter 2024 Results

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