Chevron (CVX) Reports Q4 Earnings: What Key Metrics Have to Say

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 compares to the Zacks Consensus Estimate of $46.96 billion, representing a surprise of +11.21%. The company delivered an EPS surprise of -5.94%, with the consensus EPS estimate being $2.19.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.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 compared to the 3341.59 millions of barrels of oil equivalent per day average estimate based on six analysts. 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 1635.29 millions of barrels of oil equivalent estimated by four analysts on average. 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 compared to the 1201.59 millions of barrels of oil average estimate based on three analysts. 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 versus the three-analyst average estimate of 784.66 millions of barrels of oil. International Downstream - Refined Product Sales: 1557 millions of barrels of oil per day compared to the 1486.59 millions of barrels of oil per day average estimate based on two analysts. 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 compared to the $1.16 billion average estimate based on two analysts. The reported number represents a change of -30.5% year over year. Segment Income- All Other: -$817 million compared to the -$494.36 million average estimate based on three analysts. View all Key Company Metrics for Chevron here>>>Shares of Chevron have returned +0.8% over the past month versus the Zacks S&P 500 composite's -0.5% 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.Just Released: Zacks Top 10 Stocks for 2025Hurry – you can still get in early on our 10 top tickers for 2025. Handpicked by Zacks Director of Research Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2025. You can still be among the first to see these just-released stocks with enormous potential. See New Top 10 Stocks >>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 ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks