Chevron (NYSE:CVX) Issues Quarterly Earnings Results
Chevron (NYSE:CVX) posted its quarterly earnings data on Friday. The oil and gas company reported ($1.59) EPS for the quarter, missing the consensus estimate of ($0.93) by ($0.66), MarketWatch Earnings reports. The company had revenue of $13.95 billion during the quarter, compared to analysts’ expectations of $21.71 billion. Chevron had a return on equity of 8.28% and a net margin of 2.71%. The company’s revenue for the quarter was down 64.1% on a year-over-year basis. During the same quarter last year, the company earned $1.77 earnings per share.
Shares of CVX opened at $83.94 on Friday. Chevron has a fifty-two week low of $51.60 and a fifty-two week high of $125.27. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.78 and a current ratio of 1.01. The company’s fifty day moving average is $88.84 and its 200 day moving average is $92.49. The stock has a market capitalization of $156.71 billion, a PE 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. Stockholders of record on Wednesday, August 19th will be given a dividend of $1.29 per share. The ex-dividend date is Tuesday, August 18th. This represents a $5.16 dividend on an annualized basis and a dividend yield of 6.15%. Chevron’s dividend payout ratio is currently 82.30%.
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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