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Key Analysis of Chevron’s Fiscal 3Q15 Earnings
Chevron (CVX) announced its third quarter earnings on October 30, 2015. Chevron saw new positions in 870 institutional investors’ portfolios in fiscal 2Q15.
How Does Chevron Look from a Valuation Standpoint?
Chevron is the second-largest energy giant in the US. However, with a market capitalization of $166.9 billion, it ranks behind ExxonMobil.
What Did Hedge Funds Say about Chevron?
In fiscal 2Q15, most of the hedge funds that had significant exposure to Chevron increased their stakes or kept their positions steady in the company.
Chevron’s Fiscal 3Q15 Performance Was Lower than Its Peers
Chevron has been providing the lowest returns among its peers. Chevron’s upstream businesses were hit due to lower crude oil prices.