San Ramon, CA-based Chevron Corporation (CVX) is one of the largest publicly traded oil and gas companies in the world, based on proved reserves. It is engaged in oil and gas exploration and production, refining and marketing of petroleum products, manufacturing of chemicals, and other energy-related businesses. Chevron, in its present form, resulted from the 2001 merger between Texaco and Chevron Corporation.
Currently, Chevron has a Zacks Rank #3 (Hold) but that could change following its first-quarter 2015 report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: Earnings per share came in at $1.37, well above the Zacks Consensus Estimate of 74 cents.
Revenue: Revenues of $34,558 million surpassed the Zacks Consensus Estimate of $22,302 million.
Key Stats: Chevron’s total production of crude oil and natural gas increased almost 4% from the year-earlier level to 2,681 thousand oil-equivalent barrels per day (MBOE/d).
Check back later for our full write up on this Chevron earnings report later!
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