Chevron's Hess Acquisition Boosts Q3 Output Beyond Expectations

Chevron Tops Q3 Earnings Estimates With Record Production After Hess ...

Chevron's Hess Acquisition Boosts Q3 Output Beyond Expectations

Chevron reported stronger-than-expected third-quarter results on Friday, supported by record oil and gas production following its roughly $53-billion acquisition of Hess Corporation. The U.S. supermajor posted adjusted earnings of $1.85 per share, above analyst expectations near $1.68, while total production rose to 4.1 million barrels of oil equivalent per day (boepd) from 3.4 million boepd a year earlier, according to Reuters.  The increase re…

Why Chevron Stock Popped After Earnings

Key PointsChevron beat on sales and earnings this morning.Earnings are falling alongside oil prices, however, and the Hess acquisition isn't helping.10 stocks we like better than Chevron › Chevron (NYSE: CVX) stock jumped 2.4% through 11:55 a.m. ET Friday after reporting a sizable earnings beat this morning. Analysts expected Chevron to earn $1.71 per share, adjusted for one-time items, on sales of $47.4 billion in Q3. Instead, Chevron reported …

Exxon, Chevron Surpass Estimates With Production Increases

Exxon’s adjusted Q3 profit per share was 7 cents higher than analysts forecast, while Chevron posted an almost 20-cent surprise on Oct. 31. For Exxon, it was the sixth consecutive beat.

Chevron earnings beat Wall Street estimates as oil production hits record boosted by Hess acquisition

Chevron's production in the Permian, Gulf of Mexico and Kazakhstan increased despite lower oil prices.

Chevron Beats Estimates as Hess Deal Helps Boost Oil Production

Chevron Corp. beat earnings estimates as profits from the $53 billion Hess Corp. acquisition were included in the results for the first time, boosting oil production and cash flow.