Chevron Corporation (CVX) reported quarterly earnings results on Friday, Apr-29-2016. The company reported $-0.39 earnings per share for the quarter, missing the analyst consensus estimate by $-0.23. Analysts had a consensus of $-0.16. The company posted revenue of $23533.00 million in the period, compared to analysts expectations of $22735.35 million. The company’s revenue was down -31.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.37 EPS.
Many Wall Street Analysts have commented on Chevron Corporation. Company shares were Reiterated by Barclays on Apr 8, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 97 from a previous price target of $89 .Chevron Corporation was Downgraded by Raymond James to ” Mkt Perform” on Mar 22, 2016. Chevron Corporation was Initiated by Nomura to “Neutral” on Mar 18, 2016.
Chevron Corporation opened for trading at $102.9 and hit $103.94 on the upside on Wednesday, eventually ending the session at $103.85, with a gain of 1.53% or 1.56 points. The heightened volatility saw the trading volume jump to 83,83,591 shares. Company has a market cap of $195,566 M.
In a different news, on Nov 20, 2015, Patricia E Yarrington (VP & Chief Financial Officer) sold 44,000 shares at $92.05 per share price. According to the SEC, on Nov 3, 2015, Joseph C Geagea (Executive Vice President) sold 14,000 shares at $95.11 per share price. On Aug 11, 2015, Charles W Moorman (director) purchased 5,950 shares at $83.74 per share price, according to the Form-4 filing with the securities and exchange commission.
Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates. The Company operates through two segments: Upstream and Downstream. Upstream operations consist primarily of exploring for developing and producing crude oil and natural gas; processing liquefaction transportation and regasification associated with liquefied natural gas (LNG); transporting crude oil through international oil export pipelines; transporting storing and marketing natural gas and operating a gas-to-liquids plant. The Companys Downstream operations primarily consist of refining crude oil into petroleum products; marketing crude oil and refined products; transporting crude oil and refined products by pipeline marine vessel motor equipment and rail car and manufacturing and marketing commodity petrochemicals plastics for industrial uses and fuel and lubricant additives.