Chevron Reports First Quarter Loss of $725 Million
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Jefferies Raises Price Target as Chevron (CVX) Builds Operational Momentum
May 2, 2016 7:47 AM EDTJefferies reiterated a Buy rating on Chevron (NYSE: CVX), and raised the price target to $114.00 (from $110.00), following the company's 1Q earnings report. CVX reported an adjusted EPS of -$0.28, as the company is on track to generate strong organic production growth. 1Q production of... More
Chevron (CVX) Posts Wider-than-Expected Q1 Loss
April 29, 2016 8:31 AM EDTChevron (NYSE: CVX) reported Q1 EPS of ($0.39), $0.29 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $23 billion versus the consensus estimate of $21.47 billion.
"First quarter results declined from a year ago, said Chairman and CEO John Watson. Our Upstream business was impacted by a more than 35 percent decline in crude oil prices. Our Downstream operations continued to perform well, although overall industry conditions and margins this quarter were... More
