UBS expects Chevron to report Q1 earnings per share of $2.08
Forecast driven by Kazakhstan’s Future Growth Project & affiliate dividends from Tengizchevroil
Chevron anticipates $5B in affiliate dividends even if Brent crude falls to $65
Buybacks expected to dip to $3.5B from over $4B last quarter due to crude price decline
UBS maintains a “Buy” rating on Chevron stock, priced at $135.67, with a new price target of $177
Strategic projects show Chevron’s flexibility & stability in a volatile energy market
Chevron’s resilience during US-China trade tensions reflects strong planning & pivot toward sustainability
Investor confidence remains solid due to ongoing dividends & long-term growth strategy
3 replies (most recent on top)
I remember when major projects were based on oil at $120/BBL.
Are we going to lose money on price, but make it up with volume.
Yes, Chevron is sc--wed. Shareholder will move on elsewhere.
nope. not CVX. Just you.
If oil prices stay at $60 then CVX is sc--wed.