Here's a recap of the previous quarterly results for CVX Quarterly Ending Stock Price, Net Income and EPS Deluted. Do you see the downward trend? Put the results in a chart to really appreciate where we are heading.
Dec 31 2014 $112.18 $3,471B $1.85
Mar 31 2015 $104.98 $2,567B $1.37
Jun 30 2015 $96.47 $571B $0.30
Sep 30 2015 $78.88 $?? $??
Anonymous170304, the subject concerning the slowness of our MCPs was allowed to skate at the 2Q earnings call, but will hit a raw nerve at the forthcoming earnings call. Not only will our quarterly net income be dismal (probable worse than estimated), but the questions about Gorgon, Wheatstone, Angola and Bigfoot will be more rhetorical than inquisitive. CVX will tank badly that day. Beware.
Investors have been telling Chevron what they think for over one year now. The stock price has dropped from $135 to $75, losing billions in market capitalization. The slow progress of Wheatstone, Gorgon and the Angola travesty must be reported to stockholders and the SEC.
Did everyone notice the CVX stock bounce on Sep 30? A good part of that upward tick was done by Chevron itself to end the quarter on the best note possible. Still not good enough to impress or start a rally. We started like gangbusters this morning, Oct 1, but look at the stock price at 11:15 am... down $0.90. This is it people, we are heading into October and the stock will be tanking from here until the earnings call.
Oh good, another mature response .,. Do????!!!! Do you understand retirement plan and it value? Or would you like me to spell that out too? Think first before opening your mouth. Are you in kindergarten?
So what is the industry doing?
The month of October (when averaged over the past 30 years) show the worst results for the DOW and S&P 500. The figures the OP presented are factual and show the downward trend of Chevron. This October, CVX will be posting it's worst quarterly earnings report in 13 years, even worse than last quarter. Our stock will take a huge hit, one that will surpass the last one we had in the 2Q.
so
of course, you think only Chevron people log into this site? Where do you think the investor analyst comments around Chevron being able to execute projects come from? None of you care and you keep bad mouthing the company harming all of us.
Are you an investor and fishing for an inside info here?