CVX poised for Q3 beat; long-term gas deal supports upside
Beating or meeting estimates could lift CVX on solid cash flow; multiple high price targets imply room to rally from ~231; the gas deal reduces earnings risk and supports margins.
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Beating or meeting estimates could lift CVX on solid cash flow; multiple high price targets imply room to rally from ~231; the gas deal reduces earnings risk and supports margins.
What happened, with direct paths to the underlying reporting
Chevron headlines a pivotal Q3 print with consensus EPS of $4.83 on $61.65B revenue, up from a year ago. The new long-term gas supply agreement with South32 Worsley Alumina enhances earnings visibility, while analysts have raised price targets, signaling bullish expectations. A strong showing could push CVX into the mid-200s in the near term.
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