Categories AlphaGraphs, Earnings, Energy
It’s a mixed Q3 from Chevron
Low commodity prices weigh on the oil major; yet posts a surprise profit in Q3
Chevron Corporation (NYSE: CVX) reported third-quarter 2020 financial results before the regular trading hours on Friday. The Big Oil firm reported Q3 revenue of $24.4 billion, missing the average analysts’ estimate. Meanwhile, the company surprised the market with adjusted net earnings of $0.11 per share, even as the street was expecting a loss.
CVX shares were modestly trading in red immediately following the announcement. The stock has lost half of its value since the beginning of this year as part of the pandemic related sell-off.
CEO Michael Wirth said, “We remain focused on what we can control – safe operations, capital discipline and cost management. Our actions are guided by our long-standing financial priorities: to protect the dividend, invest for long term value and maintain a strong balance sheet.”
Prior performance
Most Popular
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
AVGO Earnings: Broadcom reports higher Q4 FY25 revenue, profit; results beat
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. The numbers also surpassed analysts' expectations. Adjusted
Lamb Weston (LW) is set to report Q2 2026 earnings next week, here’s what to look for
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) rose over 1% on Thursday. The stock has gained 4% over the past three months. The French fry giant is slated to
Comments