First quarter 2025 earnings call May 2, 2025 © 2025 Chevron Blind Faith Cautionary statement and additional information CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 This presentation contains forward-looking images and statements relating to Chevron's operations, assets, and strategy that are based on management's current expectations, estimates, and projections about the petroleum, chemicals ...

FILE PHOTO: A Chevron gas station is seen in Austin, Texas, U.S., October 23, 2023.Chevron stock fell on Friday as the oil major's profit declined on the steep decline in oil prices this years. Chevron's net income declined more than 30% to $3.5 billion, or $2 per share, from $5.5 billion or $2.97 per share, in the year-ago period. Excluding one-time items, Chevron earned $2.18 per share.Here is what Chevron reported for the first quarter compared with what Wall Street was expecting, based on a survey of an ...

财务数据关键指标变化 - 2025年第一季度报告收益35亿美元，摊薄后每股收益2.00美元，调整后收益38亿美元，摊薄后每股收益2.18美元，较2024年第一季度均下降[3][5] - 2025年第一季度经营现金流52亿美元，较2024年第一季度的68亿美元下降，不包括营运资金的经营现金流76亿美元[5] - 2025年第一季度资本支出39亿美元，低于去年，附属公司资本支出5亿美元，也有所下降[7] - 2025年第一季度总营收和其他收入为476.1亿美元，2024年同期为487.16亿美元[31] - 2025年第一季度净收入为35.12亿美元，2024年同期为55.51亿美元[31] - 2025年3月31日现金及现金等价物为46.38亿美元，2024年12月31日为67.81亿美元[33] - 2025年3月31日总债务为296.81亿美元，2024年12月31日为245.41亿美元[33] - 2025年3月31日债务比率为16.6%，2024年12月31日为13.9%[33] - 2025年3月31日净债务比率为14.4%，2024年12月31日为10.4%[33] - 2025年第一季度资本支出为39.27亿美元，2024年同期为40.89亿美元[33] - 2025年第一季度附属公司资本支出为4.88亿美元，2024年同期为6.23亿美元[33] - 2025年第一季度净利润为35亿美元，2024年同期为56亿美元[34] - 2025年第一季度经营活动提供的净现金为52亿美元，2024年同期为68亿美元[34] - 2025年第一季度投资活动使用的净现金为56亿美元，2024年同期为40亿美元[34] - 2025年第一季度融资活动使用的净现金为17亿美元，2024年同期为49亿美元[34] - 2025年第一季度自由现金流为13亿美元，2024年同期为27亿美元[34] - 2025年第一季度调整后每股收益为2.18美元，2024年同期为2.93美元[36] 股东回报与企业战略 - 本季度公司向股东返还69亿美元现金，包括39亿美元股票回购和30亿美元股息，董事会宣布每股1.71美元的季度股息[11] - 公司收购了Hess Corporation 4.99%的普通股，体现对收购Hess的信心[11] - 公司宣布简化组织结构，目标是到2026年底降低结构性成本20 - 30亿美元[11] 业务产量与生产情况 - 2025年4月美国墨西哥湾Ballymore油田开始生产，预计2026年该地区净油当量日产量增至30万桶[11] - 全球产量与去年基本持平，TCO增长20%、二叠纪盆地增长12%、美国墨西哥湾增长7%，抵消了资产出售的影响[11] - 美国上游净油当量日产量增加6.3万桶；国际上游净油当量日产量减少5.6万桶[15][16] - 美国下游炼油厂原油投入量增加16%，精炼产品销量增加4%；国际下游炼油厂原油投入量减少5%，精炼产品销量减少2%[20] 各业务线盈利情况 - 2025年第一季度上游业务盈利37.58亿美元，2024年同期为52.39亿美元[31] - 2025年第一季度下游业务盈利3.25亿美元，2024年同期为7.83亿美元[31] - 2025年第一季度美国上游业务税后收入为18.58亿美元，2024年同期为20.75亿美元[36] - 2025年第一季度国际上游业务税后收入为19亿美元，2024年同期为31.64亿美元[36] - 2025年第一季度美国下游业务税后收入为1.03亿美元，2024年同期为4.53亿美元[36] - 2025年第一季度国际下游业务税后收入为2.22亿美元，2024年同期为3.3亿美元[36]

Key Takeaways Energy companies are expected to face a harsh reporting period. Earnings for the broader Zacks Oil & Energy sector expected to be down -22.7% YoY. XOM and CVX are both two energy titans on the reporting docket this week. Earnings season continues to move rapidly, with a notably rich reporting docket this week. A few big-tech names and representatives from many sectors have delivered their quarterly prints, with next week just as exciting.Among the bunch this week are two energy titans, Exxon ...

Chevron Corp CVX and Exxon Mobil Corp XOM are gearing up to report first-quarter earnings on Friday morning – and let's just say neither has been lighting up the charts lately.With both stocks stuck in the red this year and crude oil prices trading sideways, investors are wondering: is this just a detour, or are we watching a slow-motion stall?Chart created using Benzinga ProChevron enters the earnings ring bruised – down nearly 20% in just a month and down 7.46% year to date. Wall Street expects earnings p ...

I last analyzed Chevron Corporation (NYSE: CVX ) more than a month ago on 3-13-2025. That article , under the title of "Why I Prefer Chevron Over Energy Transfer" rated As you can tell, our core style is to provide actionable and unambiguous ideas from our independent research. If your share this investment style, check out Envision Early Retirement. It provides at least 1x in-depth articles per week on such ideas.We have helped our members not only to beat S&P 500 but also avoid heavy drawdowns despite the ...

Wall Street analysts forecast that Chevron (CVX) will report quarterly earnings of $2.30 per share in its upcoming release, pointing to a year-over-year decline of 21.5%. It is anticipated that revenues will amount to $47.85 billion, exhibiting a decline of 1.8% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 14.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projection ...

Image Source: Zacks Energy supermajor Chevron Corporation (CVX) is slated to release its first-quarter 2025 results on May 2, before market open. The Zacks Consensus Estimate for the to-be-reported quarter's earnings per share (EPS) and revenues is pegged at $2.30 per share and $47.9 billion, respectively. The earnings estimates for the to-be-reported quarter have been revised downward by 7.6% over the past 30 days. The bottom-line projection indicates a decline of 21.5% from the year-ago reported number. T ...

文章核心观点 - 巴菲特的伯克希尔·哈撒韦投资组合中有不少高股息股票，其中雪佛龙是最佳高收益股票，虽短期或面临挑战，但长期表现将出色且股息会持续增长 [1][8][13] 分组1：高股息股票情况 - 伯克希尔·哈撒韦持有44只股票，其中9只（约20%）远期股息收益率至少为2.58%，是标普500指数收益率两倍 [3] - 可口可乐是巴菲特投资组合中第二大持仓股，远期股息收益率2.8%，连续63年增加股息 [4] - 美国银行是伯克希尔第三大持仓股，远期股息收益率2.62% [5] - 联合金融、花旗集团和杰富瑞金融的远期股息收益率分别为3.61%、3.29%和3.45% [5] - 伯克希尔持有卡夫亨氏27.3%股份，其远期股息收益率为5.41% [6] - 天狼星XM控股近期受巴菲特青睐，远期股息收益率为5.06% [6] - 帝亚吉欧远期股息收益率为3.71%，但伯克希尔仅持有价值2540万美元的股份 [7] 分组2：最佳高收益股票——雪佛龙 - 雪佛龙远期股息收益率4.92%，是巴菲特持有的股息支付第三高股票，且连续38年增加股息，预计这一趋势将持续 [8] - 雪佛龙股票的远期市盈率为14.5倍，估值合理 [9] - 雪佛龙去年盈利近177亿美元，自由现金流达150亿美元，预计到2026年将再增加约100亿美元自由现金流，引领行业增长 [9] - 雪佛龙致力于进一步的股票回购，回购数量很大程度取决于油价，即使油价为每桶50美元，也能部署资金回购股票 [10] - 雪佛龙在可再生燃料、氢气和碳捕获与储存技术方面进行大量投资，为未来做好准备 [11] 分组3：雪佛龙短期挑战 - 若特朗普关税导致经济衰退，雪佛龙未来一年左右可能面临挑战，经济低迷会影响油气短期需求，损害其收入和利润 [12]

The market is volatile right now, but that doesn't mean you should run and hide. The key is to stick with well-run companies and to own them for the long term. If you have $1,000, or more, to put to work and can afford to sit tight for 10 years, or longer, there are good companies on sale that you might want to look at adding to your portfolio. Three top options are W.P. Carey (WPC -1.47%), Chevron (CVX -0.36%), and PepsiCo (PEP -0.76%). Here's a primer on each one.1. W.P. Carey let dividend investors downT ...