Oil prices are up 30% vs last year and all our competitors are taking victory laps with massive first quarter earnings. BP tripled. Exxon shot way up. Chevron? Downstream collapsed entirely and Upstream somehow managed to produce less even after adding 300,000 bopd from Noble. Total earnings were down 60% over 1Q2020. “Earnings strengthened” beamed the CEO, apparently referring to other companies. What a fiasco. Oh, the dividend was increased dramatically to offset this terrible performance and appease retail investors.
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You pay your money and take your chances. I put a bet on Chevron priced at $60 a little over a year ago and am still holding as I see near term increasing energy demand and declining booked reserves.
Venezuela continues to be a mismanaged thorn in our side and another contributor to one of our worst quarters ever. We made a huge mistake not getting out when Exxon did.
Learn English. Thanks.
If debt levels trend higher, that ki--s the stock price as well. Nobody wants to buy a weak company with limited financial flexibility,
Almost every stock in the stock market is a form of Ponzi scheme, where the current buyer is basing buying decision on selling to an unsuspecting buyer later. Yes I know that's a bit of a stretch but think about it. The company is borrowing money at almost zero rates , buying its own stock or paying dividends with it to keep the stock price up. It makes some kind of sense if it temporary while waiting for market to propel earning. The real problem happens when that does not happen. This is also referred to as "kicking the can down the road". How long do you think Chevron can pull the wool over our eyes doing this? Well just ask the Federal Reserve! It can go on a long time...
These types of unexplained financial surprises really depress the stock price.
Disaster, hmmm not quite but not good certainly, as for your spelling , terrible lol
Chevron stock is extended out of its latest buy zone. The relative strength line continues to show underperformance vs. the broader market.
Both earnings and CVX stock also swing with crude oil prices, which are heavily influenced by outside forces.
Earnings and revenue have been in decline, and the outlook is murky as crude is expected to be on a long, choppy recovery.
Bottom line: Chevron stock is not a buy.
not a disaster but..
Chevron stock is extended out of its latest buy zone. The relative strength line continues to show underperformance vs. the broader market.
Both earnings and CVX stock also swing with crude oil prices, which are heavily influenced by outside forces.
Earnings and revenue have been in decline, and the outlook is murky as crude is expected to be on a long, choppy recovery.
Bottom line: Chevron stock is not a buy.
Old saying on Wall " can't fake revenue" that's really the only figure to pay attention to on how well a company is performing, however hard the management tries to divert attention away from it.
The only kind of benchmarking Chevron has been doing lately is leaving marks on a bench (sh!t marks).
Who cares about quarterly earnings? President Xiden will have all of you installing solar panels manufactured by his Chicom buddies.
Management loves benchmarking because it is so easy to cook the numbers and fool the bo--s above them.
Worthless. Hard to improve the company when leadership and management are not real with themselves. Benchmarking at CVX is a joke. cost tracking even more so. Numbers are manipulated to tell a good story and make themselves look good. Lies all lies.
but but but - we’re buying another refinery.
pasadena must be making money hand over fist.
when’s the last time anybody claimed cvx’s “firing on all cylinders” ?
hey bod - time to seriously reconsider ceo selection process - please remember shareholders ?
ever hear about maximizing shareholder return ? EVER ?
he comes on cnbc / bloomberg : sell sell sell; EVERY.SINGLE.TIME.
Earnings downs even though oil prices are up? Hmmm seems like we need another layoff!!!! Lower carbon higher dividends Mikey boy
Higher carbon lower returns.. Doesnt help weve a bunch of incompetent folks in abu driving that value down. I love it, such a joke of a company, can you imagine how much opex and g&a cvx would save if they only focused on producing and selling hydrocarbons and not creating false job titles to enlighten us in how to treat lbgts, different cultures or coordinators focusing on leading performance? Instead of leading performance why not try catching up to our competitors performance first