Chevron: ready for the rebound
Having weathered the downturn in impressive fashion, Chevron is well placed to take advantage of any Iran supply shock
Chevron has performed well of late. The US oil and gas giant posted earnings of $3.4bn for Q2 2018, a marked improvement on the $1.5bn the company reported in the same period last year. Its impressive financials are the result of "higher crude oil prices, strong operations and higher production", according to chief executive Michael Wirth. However, despite Chevron's earnings more than doubling over the past 12 months its performance missed Wall Street expectations. According to S&P Capital IQ, consensus second-quarter earnings for Chevron were estimated at $2.07 per share, only to come in at $1.78, 16% lower than most analysts were predicting. It's worth noting that Chevron isn't alone,
Also in this section
15 May 2025
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
14 May 2025
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
13 May 2025
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
