Chevron beats earnings expectations, returns more than $7 billion to shareholders
Publishing timestamp: 2024-11-01 10:00:43
Summary
Chevron beat third-quarter earnings and revenue expectations, but quarterly profit declined compared to last year. The company returned a record amount of cash to shareholders, but is aiming to streamline its portfolio and reduce costs. Chevron's stock is largely flat for the year, underperforming the S&P 500 energy sector.
Sentiment: MIXED
Keywords: business news, earnings, hess corp, breaking news: earnings, energy, oil and gas, breaking news: markets, chevron corp, markets, exxon mobil corp,
Source: https://www.cnbc.com/2024/11/01/chevron-cvx-earnings-q3-2024.html