Chevron faces a potential earnings drop amid market uncertainty
- Chevron Corporation is scheduled to announce its first-quarter earnings for 2025, with expected earnings of $2.15 per share.
- Despite an anticipated 28% decrease in earnings compared to last year, revenue is projected to rise by 4%.
- Historical data reveals Chevron’s stock typically declines after earnings reports, suggesting potential volatility for investors.
Chevron Corporation, a leading oil and gas company based in the United States, is scheduled to release its fiscal first-quarter earnings on May 2, 2025. Analysts predict that Chevron will report earnings of $2.15 per share alongside $48.39 billion in revenue, signaling a significant 28% decrease in earnings compared to the previous year while also reflecting a modest 4% increase in sales. This decline is in stark contrast to last year's figures which stood at $2.97 per share and revenue of $46.74 billion. The company has cited concerns regarding demand weakness, influenced by ongoing U.S. tariffs and an uptick in production by the Organization of the Petroleum Exporting Countries (OPEC). Despite these challenges, Chevron continues to adhere to its existing capital spending plan, which is crucial for sustaining its growth and operational stability.