Chevron's Stock Falls As Profit Beats Views, But Revenue Falls Short -- MarketWatch

Shares of Chevron Corp. (CVX) fell 1% in premarket trading Friday, after the oil and gas giant after quarterly profit that fell, but beat expectations, while production was flat and revenue fell short of forecasts.

Net income dropped 54.6% from a year ago to $3.5 billion, while adjusted earnings per share were down to $2.18 from $2.93 but topped the average analyst estimate compiled by FactSet of $2.16.

Total revenue declined 2.3% to $47.61 billion, below the FactSet consensus of $48.25 billion.

The company said it returned $6.9 billion in cash to its shareholders, $3.9 billion through share repurchases and the rest through dividends.

This is breaking news. Check back for updates.

-Tomi Kilgore

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May 02, 2025 06:26 ET (10:26 GMT)

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