Chevron The pace of shares will be slowed, as raw prices drop in profits in the first quarter in the first quarter.
American crude oil prices fell about 18 % this year as president Donald TrumpThe definitions are expected to weigh the demand at the same time, Opec+ plans to pump more supply in the market.
The oil allowance said it was planning to rebuild $ 2.5 billion to 3 billion dollars from its own shares in the second quarter, which is less than $ 3.9 billion that she bought again in the first quarter. However, Chevron maintains its total directions ranging from $ 10 billion to $ 20 billion from re -purchase this year.
Chevron’s shares were mainly flat in morning trading.
Here is what Chevron told the first quarter compared to what Wall Street expected, based on a survey of analysts by LSEG:
- Arrow’s profits: $ 2.18 rate for $ 2.18 expected
- profit: 47.61 billion dollars for 48.09 billion dollars expected
Chevron clearly has a space to continue the returns of shareholders, Perg Burgharia, an analyst at RBC Capital Markets, said to customers in the Friday note.
The analyst said: “It seems that the company’s reaction today reflects” skiing to where the picker is going, “with acknowledgment that the macro has deteriorated, and it can continue to deteriorate more than here.”
Chevron’s net income fell by more than 30 % to $ 3.5 billion, or $ 2 per share, from $ 5.5 billion or $ 2.97 per share, in the last period. With the exception of the elements for one time, Chevron got $ 2.18 per share, which was in line with Wall Street estimates.
The source hit due to low oil prices
The American production company for Chevron recorded a profit of $ 1.86 billion, a decrease of more than 10 % from 2.08 billion dollars in the period dating back to last year, as it witnessed high operating expenses and the decrease in basic commodity prices.
On the International Front, the Chevron Production Sector received $ 1.9 billion per quarter, a decrease of 40 % from $ 3.16 billion last year. International profits have achieved great success due to the decrease in profits in the company’s TCO project in Kazakhstan.
Chevron produced 3.35 million barrels per day in a quarter, and is largely flat compared to 3.34 million barrels per day in the last period. Capital expenses decreased by about 5 % to $ 3.9 billion, a decrease from $ 4.1 billion a year ago.
Chevron is still trying to close her planned acquisition Hess. The deal has been formulated as Exxon Mobil challenges Chevron’s move to buy Hess’s assets in Guyana before the International Arbitration Court. Chevron got $ 2.2 billion in HESS shares per quarter.
For us to refine fluctuations to profit
The work of the United States of America has moved in favor of the oil company to a profit to $ 103 million after the publication of a loss of 348 million dollars in the fourth quarter of 2024. However, the sector’s profits decreased by 77 % from 453 million dollars in the last period due to low margins in refined products sales.
Chevron’s international refining business recorded a profit of $ 222 million, a decrease of about 33 % of $ 330 million in the same quarter of last year as well due to the decrease in margins in product sales.
https://image.cnbcfm.com/api/v1/image/108095564-17383331902025-01-31t120555z_1728576180_rc2hy3a3u74y_rtrmadp_0_chevron-results.jpeg?v=1738333207&w=1920&h=1080
Source link