Chevron (NYSE:CVX) Q3 Earnings Preview: Here’s What to Expect
27 Octubre 2022 - 05:29AM
TipRanks
Energy major Chevron Corporation (NYSE:CVX) is slated to release
its third quarter Fiscal 2022 results on October 28, before the
market opens. With the persistently high oil and gas prices and
burgeoning demand alongside the war-led constrained supply, CVX
stock has gained 52.7% so far this year. Despite the strength in
the energy sector this year, Chevron has missed earnings
expectations three out of seven times since 2021. The Street
expects Chevron to post an adjusted profit of $4.85 per share
in Q3, significantly higher than the prior-year period figure of
$2.96 per share. Meanwhile, revenue is pegged at $61.44 billion,
representing a whopping year-over-year jump of 37.4%.
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Chevron (NYSE:CVX)
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