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Chevron profit disappoints
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 profits pulled downstream by refining losses
US supermajor Chevron reported earnings of $3.2 billion during the fourth quarter of 2024, below analysts estimates, amid a loss in its refining business, the company said on Friday.
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 Misses Earnings Estimate as Refining Posts First Loss in Four Years
(Reuters) - 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. The second-largest U.S. oil producer posted total earnings of $3.24 billion for the three months ended Dec. 31, up from $2.26 billion in the same period last year.
1h
Chevron Stock Declines Despite Another Dividend Hike
Chevron stock is down Friday after the integrated energy company missed fourth-quarter profit expectations. Here's what you ...
2d
on MSN
Chevron, Engine No. 1, GE Vernova team up to build US data centers
Chevron U.S.A. announced Tuesday a partnership with Engine No. 1 and GE Verona in plan to develop reliable power solutions ...
7h
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.
3d
on MSN
Chevron partners with Engine No. 1, GE Vernova to power US data centers
Energy major Chevron said on Tuesday it has signed an agreement with investment firm Engine No. 1 and GE Vernova to build ...
7h
Chevron reports Q4 adjusted EPS $2.06, consensus $2.11
Reports Q4 revenue $52.23B, consensus $48.41B. “In 2024, we delivered record production, returned record cash to shareholders and started up ...
Datacenter Dynamics
2d
Chevron partners with Engine No. 1 to develop up to 4GW of gas generation for US data center market
US oil and gas major Chevron and San Francisco-based hedge fund Engine No. 1 have partnered to develop and scale natural ...
Oil
3d
Chevron plans data center power solutions utilizing US natural gas
Chevron and Engine No. 1 will form a JV to develop scalable power solutions for US-based data centers running on natural gas.
3d
on MSN
Chevron, Engine No. 1 and GE Vernova team up on powering US data centers, with AI in focus
Oil company Chevron is partnering with Engine No. 1 and GE Vernova to create natural gas power plants in the United States ...
3d
Chevron Joins Race to Generate Power for A.I.
The oil company plans to build natural gas power plants that will be directly connected to data centers used by technology ...
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