Chevron Corporation (CVX) reported quarterly earnings results on Friday, Jul-29-2016. The company reported $-0.78 earnings per share for the quarter, missing the analyst consensus estimate by $-1.10. Analysts had a consensus of $0.32. The company posted revenue of $29282.00 million in the period, compared to analysts expectations of $29649.73 million. The company’s revenue was down -27.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS.
Many Wall Street Analysts have commented on Chevron Corporation. Company shares were Reiterated by Jefferies on May 2, 2016 to “Buy”, Firm has raised the Price Target to $ 114 from a previous price target of $110 .Company shares were Reiterated by UBS on May 2, 2016 to “Neutral”, Firm has raised the Price Target to $ 104 from a previous price target of $90 .
Chevron Corporation closed down -0.47 points or -0.46% at $101.79 with 82,10,146 shares getting traded on Thursday. Post opening the session at $102.09, the shares hit an intraday low of $100.98 and an intraday high of $102.2192 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on May 4, 2016, Linnet F Deily (director) sold 869 shares at $103.27 per share price. According to the SEC, on Nov 20, 2015, Patricia E Yarrington (VP & Chief Financial Officer) sold 44,000 shares at $92.05 per share price. On Nov 3, 2015, Joseph C Geagea (Executive Vice President) sold 14,000 shares at $95.11 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.