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Benzinga
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Top Wall Street Forecasters Revamp Chevron Expectations Ahead Of Q2 Earnings

1. Chevron's Q2 earnings are expected at $1.75 per share, down from $2.55. 2. Projected revenue for Chevron is $45.59 billion, lower than $51.18 billion last year. 3. Chevron won a dispute with Exxon Mobil for Hess Corp's offshore assets. 4. Wells Fargo and Piper Sandler analysts maintain Overweight ratings with updated price targets. 5. Shares of Chevron fell 1.3% to close at $151.64.

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FAQ

Why Bearish?

Expected lower earnings and revenue may lead to negative sentiment. Historical patterns show lower earnings often precede stock price drops.

How important is it?

The earnings report and analyst ratings significantly impact CVX's stock performance.

Why Short Term?

Anticipated earnings results will influence stock price immediately post-announcement.

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