Chevron (CVX) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

For the quarter ended December 2024, Chevron (CVX) reported revenue of $52.23 billion, up 10.7% over the same period last year. EPS came in at $2.06, compared to $3.45 in the year-ago quarter.The reported revenue represents a surprise of +11.21% over the Zacks Consensus Estimate of $46.96 billion. With the consensus EPS estimate being $2.19, the EPS surprise was -5.94%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.Here is how Chevron performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: U.S. and International Upstream - Total net oil-equivalent production: 3350 millions of barrels of oil equivalent per day versus the six-analyst average estimate of 3341.59 millions of barrels of oil equivalent per day. International Upstream - Net oil-equivalent production per day: 1704 millions of barrels of oil equivalent compared to the 1706.85 millions of barrels of oil equivalent average estimate based on four analysts. U.S. Upstream - Net oil-equivalent production per day: 1646 millions of barrels of oil equivalent versus the four-analyst average estimate of 1635.29 millions of barrels of oil equivalent. International Upstream - Net natural gas production per day (Natural Gas Production): 5,437 Mcf/D versus the three-analyst average estimate of 5,568.83 Mcf/D. U.S. Upstream - Net crude oil and natural gas liquids production per day (Liquids Production): 1189 millions of barrels of oil versus 1201.59 millions of barrels of oil estimated by three analysts on average. U.S. Upstream - Net natural gas production per day: 2,743 Mcf/D versus 2,674.73 Mcf/D estimated by three analysts on average. International Upstream - Net crude oil and natural gas liquids production per day (Liquids Production): 797 millions of barrels of oil compared to the 784.66 millions of barrels of oil average estimate based on three analysts. International Downstream - Refined Product Sales: 1557 millions of barrels of oil per day versus the two-analyst average estimate of 1486.59 millions of barrels of oil per day. U.S. Downstream - Refined Product Sales: 1257 millions of barrels of oil per day versus the two-analyst average estimate of 1217.32 millions of barrels of oil per day. Revenues- Sales and other operating revenues: $48.33 billion versus the three-analyst average estimate of $45.81 billion. The reported number represents a year-over-year change of -1.2%. Revenues- Income (loss) from equity affiliates: $688 million versus $1.16 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -30.5% change. Segment Income- All Other: -$817 million versus the three-analyst average estimate of -$494.36 million. View all Key Company Metrics for Chevron here>>>Shares of Chevron have returned +0.9% over the past month versus the Zacks S&P 500 composite's +2.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Chevron Corporation (CVX): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks