Chevron profit disappoints

Chevron logs its first refining loss in four years, sending stock lower
Chevron Corp.’s stock fell 2% early Friday, after the oil company’s downstream-refining business delivered its first loss in four years, hurt by lower margins on oil sales. The company also missed profit estimates for the fourth quarter,
Chevron profit disappoints as refining posts first loss in four years
Chevron reported fourth-quarter earnings below Wall Street estimates on Friday as weak margins dragged its refining business into a loss for the first time since 2020. CEO Mike Wirth told Reuters the post-pandemic surge in fuel margins had run its course,
Chevron Posts First Refining Loss in Four Years, Shares Drop
Chevron Corp. ( CVX, Financials) reported its first refining loss in four years as part of its fourth-quarter earnings, leading to a 3.7% drop in its stock price to $150.54 as of 12:00 p.m. ET Friday trading.
Chevron’s Q4 Earnings Miss Forecast as Refining Swings to Loss
Chevron reported lower-than-expected fourth-quarter earnings due to a loss in its refining division, despite strong upstream production.
Chevron misses earnings estimate as refining posts first loss in four years
Chevron Corp reported fourth-quarter earnings below Wall Street estimates on Friday as weak margins pushed its refining business into a loss for the first time since 2020.
Chevron lifts dividend after profit disappoints on oil slump
Chevron Corp. raised dividends by 5% even as profit underperformed expectations amid shrinking crude prices and fuel-making margins. Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollHow the 2025 Catholic Jubilee Is Reshaping RomeTrump Paves the Way to Deputize Local Police on ImmigrationHousing Aid Uncertain After Trump’s Spending Freeze MemoTrump's Federal Funding Pause Threatens State Financials Adjusted fourth-quarter earnings were $2.
Chevron posts weak profit as refining biz suffers first loss in four years
Chevron's downstream business lost $248 million in the fourth quarter of 2024, compared with a profit of $1.15 billion in the same period a year ago
Chevron fourth-quarter profits miss expectations amid weak jet fuel demand
Investing.com - Chevron (NYSE:CVX) posted lower-than-anticipated fourth-quarter income as tepid U.S. fuel demand dented margins and led its downstream unit to slip to a loss.
Chevron Sees Permian Basin Oil Growth Reaching 10% This Year
Chevron Corp. plans to increase oil production by as much as 10% in the US Permian Basin this year despite reducing capital spending in the region, said Chief Executive Officer Mike Wirth.
Chevron Q4 Earnings: Profits Decline Amid Lower Oil Output, Dividend Hike Offers Silver Lining
Revenue of $52.23B beat consensus of $46.75B. Production down in Q4, up 7% in 2024. Adjusted EPS of $2.06 misses consensus. Dividend increased by 5%.
Chevron to build gas plants to power data centers amid AI boom
Oil and gas producer Chevron said on Tuesday it plans to build natural gas-based power plants next to data centers in the U.S ...
Chevron to Increase Output at Huge Oil Field in Kazakhstan
The energy giant is spending nearly $50 billion to expand the Tengiz oil field, allowing it to pump one million barrels a day ...
Chevron, GE Vernova, Engine No. 1 Team Up to Power Data Centers
The joint venture aims to deliver 4 gigawatts of electricity for data centers starting by the end of 2027.