The Latest Breaking News from Chevron Corporation

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Chevron Corporation (NYSE: CVX) is set to release second-quarter results on Jul 29. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of $5.01 per share on revenues of $55.8 billion.

Chevron Corporation (NYSE: CVX) posted better-than-expected first-quarter earnings as profits rose nearly fourfold from last year amid a record surge in U.S. gas prices and a spike in global crude linked to Russia's invasion of Ukraine.  

Exxon Mobil Corp (NYSE: XOM) is the largest oil company by market capitalization and the biggest of the “Super-Majors,” which includes Chevron Corporation (NYSE: CVX), according to RBC Capital Markets.

Exxon Mobil Corporation (NYSE: XOM) and Chevron Corporation (NYSE: CVX) both reached all-time highs this week, with Exxon soaring up to $76.01 and Chevron hitting $137 on Thursday.

Chevron Corporation (NYSE: CVX) shares are trading lower by 3.41% at $131.75 after the company reported worse-than-expected fourth-quarter EPS results.

Some of the stocks that may grab investor focus today are: Wall Street expects Chevron Corporation (NYSE: CVX) to report quarterly earnings at $3.10 per share on revenue of $44.80 billion before the opening bell. Chevron shares rose 0.3% to $135.74 in pre-market trading.

Despite OPEC and its allies’ (aka OPEC+) plans to raise their oil production output target beginning in February, rising demand for oil and natural gas in the recovering global economy should accelerate the performance of energy companies. Therefore, we think dividend-paying ETFs Energy Select Sector SPDR Fund (XLE), Vanguard Energy…