Folder photo: A Chevron service station is seen in Austin, Texas, United States, October 23, 2023.
Brian Snyder | Reuters
Chevron Actions dropped on Friday as the benefit of the major oil has decreased on the sharp drop in oil prices this year.
Chevron's net profit fell by more than 30% to $ 3.5 billion, or $ 2 per share, compared to $ 5.5 billion or $ 2.97 per share, during the same period. Excluding occasional articles, Chevron won $ 2.18 per share.
Here is what Chevron pointed out for the first quarter compared to what Wall Street was expecting, on the basis of a survey of LSEG analysts:
- Action per share: $ 2.18 adjusted
- Income: $ 47.61 billion against $ 48.09 billion expected
US crude crude oil prices have dropped by around 18% this year, as President Donald Trump's prices should weigh on demand at the same time as OPEC + plans to pump more supply on the market.
Capital spending decreased by around 5% to 3.9 billion dollars, compared to $ 4.1 billion a year ago.
The company rendered $ 6.9 billion to shareholders, including $ 3 billion in dividends and $ 3.9 billion in share buybacks.
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