Investing.com - Chevron (NYSE:CVX) reported on Friday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Chevron announced earnings per share of $3.36 on revenue of $54.37B. Analysts polled by Investing.com anticipated EPS of $3.43 on revenue of $50.65B.
Chevron shares are up 37% from the beginning of the year and are trading at $161.79 , down-from-52-week-high.They are outperforming the S&P 500 which is down 10.04% from the start of the year.
Chevron follows other major Energy sector earnings this month
Chevron's report follows an earnings beat by TotalEnergies SE ADR on Thursday, who reported EPS of $3.4 on revenue of $63.95B, compared to forecasts EPS of $2.97 on revenue of $72.78B.
Schlumberger had beat expectations on Friday, April 22, 2022 with first quarter EPS of $0.34 on revenue of $5.96B, compared to forecast for EPS of $0.3321 on revenue of $5.91B.
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