Categories AlphaGraphs, Earnings, Energy
Infographic: A snapshot of Chevron’s (CVX) Q3 2022 earnings results
Chevron Corporation (NYSE: CVX) reported a sharp increase in net profit for the third quarter of 2022 when the energy giant’s revenues jumped around 50%. Both earnings and the top line exceeded the consensus estimates.
Total revenues and other income rose sharply to $66.6 billion in the September quarter and came in above analysts’ forecast. Revenues benefited from strong growth in crude oil prices.
Reflecting the positive top-line performance, third-quarter adjusted profit moved up to $5.56 per share from $2.96 per share in the same period of 2021. Unadjusted profit rose to $11.23 billion or $5.78 per share from $6.11 billion or $3.19 per share last year. Earnings also beat the estimates.
Check this space to read management/analysts’ comments on Chevron’s Q3 results
“We delivered another quarter of strong financial performance with return on capital employed of 25 percent. At the same time, we’re increasing investments and growing energy supplies, with our Permian production reaching another quarterly record,” said Chevron’s CEO Mike Wirth.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
What to look for when Hormel Foods (HRL) reports Q4 2023 earnings
Shares of Hormel Foods Corporation (NYSE: HRL) were down over 1% on Monday. The stock has dropped 29% year-to-date. The food company is set to report its fourth quarter 2023 earnings
Kroger set to report Q3 results. Here’s everything you need to know
The Kroger Co. (NYSE: KR), a leading grocery retailer that operates both in-store and online, will be reporting earnings this week. The company, which is preparing to acquire rival retailer
Earnings Preview: Salesforce will likely deliver another strong quarter
Salesforce, Inc. (NYSE: CRM) achieved accelerated sales growth and profitability in recent quarters, in line with its transformation goal. The customer relationship management platform bets on new opportunities in generative
