Chevron Corporation ($CVX) Stock Forecast: Down 5.0% Today

What is Chevron Corporation?

Chevron Corporation (CVX) is a multinational energy corporation headquartered in San Ramon, California. The company is involved in every aspect of the oil, natural gas, and geothermal energy industries.

Why is Chevron Corporation going down?

CVX stock is down 5.0% on Jan 31, 2025 20:10

• Chevron's recent financial results for the fourth quarter reflect a decrease in profits, with adjusted earnings per share falling short of expectations. However, the company's revenue surpassed estimates.
• Despite a 5% increase in the quarterly dividend to $1.71 per share, Chevron's lower oil production had an impact on its overall performance.
• A positive outlook on Chevron's potential free cash flow growth exceeding projections by Goldman Sachs was overshadowed by a generally pessimistic market sentiment.
• The stock experienced notable bearish movement today, likely due to the mixed results from Chevron's earnings report and uncertainties about its future performance.

CVX Price Chart

CVX Technical Analysis

CVX News

Chevron's Free Cash Flow Outlook Tops Estimates-Goldman Sachs Sees Upside - Chevron ( NYSE:CVX )

GS analyst says Chevron's Q4 adjusted EPS missed GS estimates, while production volumes aligned with expectations. Chevron forecasts over $10B in free cash flow growth by 2026, surpassing GS's $9B estimate. Get Wall Street's Hottest Chart Every Morning

https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43399866/chevrons-free-cash-flow-outlook-tops-estimates-goldman-sachs-sees-upside

Chevron Q4 Earnings: Profits Decline Amid Lower Oil Output, Dividend Hike Offers Silver Lining - Chevron ( NYSE:CVX )

Chevron's Q4 revenue of $52.23B beat estimates, but EPS of $2.06 missed expectations. Quarterly dividend increased by 5% to $1.71 per share, payable on March 10. Get Wall Street's Hottest Chart Every Morning Oil giant Chevron Corp CVX shares are trading lower after the company reported ...

https://www.benzinga.com/25/01/43382627/chevron-falls-as-q4-profits-decline-amid-lower-oil-output-dividend-hike-offers-silver-lining

Chevron ( CVX ) Q4 Earnings Lag Estimates

Chevron (CVX) delivered earnings and revenue surprises of -5.94% and 11.21%, respectively, for the quarter ended December 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2407288/chevron-cvx-q4-earnings-lag-estimates

Apple, Exxon Mobil And 3 Stocks To Watch Heading Into Friday - Apple ( NASDAQ:AAPL ) , Chevron ( NYSE:CVX )

With U.S. stock futures trading higher this morning on Friday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Exxon Mobil Corporation XOM to report quarterly earnings at $1.56 per share on revenue of $86.63 billion before the opening bell, according to ...

https://www.benzinga.com/news/earnings/25/01/43379598/apple-exxon-mobil-and-3-stocks-to-watch-heading-into-friday

Chevron Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts - Chevron ( NYSE:CVX )

Chevron Corporation CVX will release its fourth-quarter financial results, before the opening bell, on Friday, Jan. 31, 2025. Analysts expect the San Ramon, California-based company to report quarterly earnings at $2.11 per share, down from $3.45 per share in the year-ago period.

https://www.benzinga.com/25/01/43376517/chevron-gears-up-for-q4-print-here-are-the-recent-forecast-changes-from-wall-streets-most-accurate-analysts

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Chevron Corporation Price History

04.11.2024 - CVX Stock was down 1.6%

• Chevron's stock faced a downward trend today with various significant factors influencing this movement:
• Increased bearish options activity on CVX, reflecting a rise in bearish sentiment among traders, likely contributed to the stock's decline.
• Concerns regarding California's new fuel regulations, potentially resulting in elevated costs and supply constraints for Chevron, might have fueled negative perceptions surrounding the company.
• Shell's recent strengthening of its LNG portfolio through a partnership with QatarEnergy could have influenced Chevron's stock, signaling heightened competition and potential market share dynamics within the LNG sector.

01.10.2024 - CVX Stock was up 3.2%

• Third-quarter earnings of Chevron exceeded expectations, with revenues and other income outperforming consensus estimates.
• The company's production has seen a boost, especially through collaborations with PDC Energy and activities in the Permian Basin.
• Chevron's cost-saving strategies aiming for $2-$3 billion in structural savings by 2026 have positively impacted investor sentiment.
• Analysts and brokers hold an optimistic view on Chevron, suggesting investors explore the stock for potential growth prospects.

31.00.2025 - CVX Stock was down 5.0%

• Chevron's recent financial results for the fourth quarter reflect a decrease in profits, with adjusted earnings per share falling short of expectations. However, the company's revenue surpassed estimates.
• Despite a 5% increase in the quarterly dividend to $1.71 per share, Chevron's lower oil production had an impact on its overall performance.
• A positive outlook on Chevron's potential free cash flow growth exceeding projections by Goldman Sachs was overshadowed by a generally pessimistic market sentiment.
• The stock experienced notable bearish movement today, likely due to the mixed results from Chevron's earnings report and uncertainties about its future performance.

31.00.2025 - CVX Stock was down 5.3%

• Chevron's Q4 earnings showed a decline in profits, missing EPS expectations, which likely contributed to the bearish movement.
• Despite beating revenue estimates, the lower oil output and earnings miss may have raised concerns among investors.
• The increase in quarterly dividend could be seen as a positive, offering a silver lining amidst the overall disappointing financial performance.
• The joint venture with GE Vernova to power AI data centers could be an interesting development for the company, but it seems the market focused more on the immediate financial results, leading to the bearish movement.

27.09.2023 - CVX Stock was down 5.2%

• Chevron reported lower-than-expected earnings for Q3 2023, with profits weighed down by international downstream weakness and maintenance at both upstream and downstream operations.
• The decline in earnings is in line with the broader trend of falling profits among major oil companies, as crude prices have eased from record levels a year ago.
• Chevron's shares tumbled after the earnings report, reflecting the disappointment of investors and Wall Street's estimates not being met.
• The unexpected forecast for lower profit by French drugmaking giant Sanofi also contributed to the bearish sentiment in the market, impacting Chevron's stock price.
• Overall, Chevron's bearish movement can be attributed to the company's lower-than-expected earnings and the broader decline in profits among oil companies, along with the negative market sentiment influenced by Sanofi's surprise forecast.

23.09.2023 - CVX Stock was down 1.8%

• The bearish movement in CVX's stock today can be attributed to the following factors:
• 1. Increased selling pressure: The articles highlight that institutional investors like Waverton Investment Management Ltd and Kistler Tiffany Companies LLC have been acquiring shares of CVX. However, this buying activity may have slowed down or reversed today, leading to a bearish market movement.
• 2. Overall market sentiment: The broader market sentiment towards the oil and gas industry may have played a role in the bearish movement of CVX. Factors such as concerns about global oil supply, geopolitical tensions, or economic indicators impacting oil demand could have influenced investor sentiment.
• 3. Impact of Israel-Hamas conflict: The article mentions Iraqi Prime Minister Mohammed Shia al-Sudani expressing concerns about the potential consequences of the Israel-Hamas conflict on oil supply. This geopolitical tension could have created uncertainty and negatively affected the oil and gas sector, including CVX.
• 4. Profit-taking: After a period of gains, some investors may have decided to take profits, leading to selling pressure on CVX's stock.
• Overall, the bearish movement in CVX's stock today could be a result of a combination of factors, including profit-taking, market sentiment towards the oil and gas industry, and concerns about geopolitical tensions impacting oil supply.

04.02.2024 - CVX Stock was down 1.8%

• Chevron (CVX) shutting down biodiesel plants due to unfavorable market conditions signals difficulties for its renewable energy investments, potentially affecting its revenue and profitability.
• Speculations about Exxon potentially impacting Chevron's deal with Hess Corp. in Guyana raise concerns about supply stability, creating uncertainty regarding Chevron's future production and growth.
• Despite being seen as an underestimated stock with growth opportunities, the negative market sentiment and specific obstacles confronted by Chevron seem to have overshadowed any positive outlook, leading to the bearish movement in CVX's stock today.