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Benzinga

Chevron shares rise 0.88% premarket as adjusted EPS hits $6.06 and revenue climbs to $70.06 billion

AI Market Summary
Chevron posted a strong Q4 beat, with adjusted EPS above consensus and revenue up sharply, supported by higher oil prices, Hess contributions, and record upstream production. ROCE improved materially and cash generation strengthened alongside debt reduction, buybacks, and a higher dividend, reinforcing balance-sheet resilience. Management noted tightening inventories and expanding geopolitical risks, which can keep energy-sector risk premia elevated near term.
Impact level
● Medium
Affected assets
NCSKCVX2USD/USDT+2.25%
AI Insight · NCSKCVX2USD/USDTAI Insight
▲ Bullish
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Chevron (CVX) reported fourth-quarter results that topped estimates, with adjusted EPS of $6.06 versus a $5.56 forecast. Total revenue and other income rose 56.3% year over year to $70.06 billion. Upstream earnings increased to $8.18 billion, and worldwide production climbed 20% to 4.07 million barrels per day. Return on capital employed improved to 21.4%.