BUZZ-PREVIEW: Chevron's quarterly earnings likely to be pressured by oil prices
Chevron's quarterly earnings report is anticipated to show a revenue decline of approximately 10% to $47.1 billion and a 30% drop in adjusted EPS to $1.45. Despite a recent 1.4% increase in share price to $172.32, WTI Crude prices fell about 8% in Q4. Among 28 analysts, the average rating for Chevron is "BUY" with a median price target of $175. Year-to-date, Chevron shares are up 13%, outperforming the Dow and S&P 500 energy index.
