Chevron (NYSE:CVX) issued its earnings results on Friday. The oil and gas company reported ($1.59) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.93) by ($0.66), MarketWatch Earnings reports. Chevron had a net margin of 2.71% and a return on equity of 8.28%. The business had revenue of $13.95 billion for the quarter, compared to the consensus estimate of $21.71 billion. During the same period in the previous year, the firm earned $1.77 EPS. The company’s revenue was down 64.1% compared to the same quarter last year.
Shares of CVX opened at $83.94 on Friday. Chevron has a 1 year low of $51.60 and a 1 year high of $125.27. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.01 and a quick ratio of 0.78. The stock has a 50 day simple moving average of $88.84 and a two-hundred day simple moving average of $92.49. The firm has a market cap of $156.71 billion, a P/E ratio of 40.95, a P/E/G ratio of 21.46 and a beta of 1.29.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be given a $1.29 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $5.16 dividend on an annualized basis and a yield of 6.15%. Chevron’s payout ratio is 82.30%.
Chevron Company Profile
Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.
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