Tag: Chevron earnings

BP has the highest correlation coefficient of 0.60 with WTI, followed by Shell at 0.57. Meanwhile, ExxonMobil and Chevron have relatively low correlations.

Chevron stock (XOM) closely relates to oil prices, so investors sometimes use this highly liquid, well-regarded stock as a trading vehicle for oil.

ExxonMobil and Chevron surprised markets with strong third-quarter earnings results on Friday. Their adjusted EPS beat analysts' estimates.

So far, Chevron (CVX) stock has risen 4.1% in October. The stock might have risen due to higher oil prices and improving equity markets.

ExxonMobil and Chevron are expected to post dull numbers in the third quarter. They're scheduled to report their third-quarter earnings on November 1.

Energy stocks are slumping due to falling equity markets and plunging oil prices. So far this month, the S&P 500 Index has fallen 2.8%.

Integrated energy stocks slumped in the third quarter. Lower oil prices, equity market volatility, and macro concerns hammered the stocks.

Chevron (CVX) stock has fallen 1.4% since July 1, 2019, the beginning of the current quarter. Prices of WTI crude oil have fallen 6.0% in the quarter.

Integrated energy stocks have slumped in August. Royal Dutch Shell has fallen the most compared to ExxonMobil, Chevron, and BP.

Chevron (CVX) posted its second-quarter results on August 2. Chevron’s earnings per share stood at $2.27 in Q2 2019 compared to $1.78 in Q2 2018.