Chevron Depend on 1st Quarter Earnings

Chevron is a well-known company in its industry, and it has been planning to expand its projects by investing heavily. But the company has been providing lower guidance; the LNG project that Chevron has recently completed in Australia will help the company to come with some upside. The Chevron Stock Price is currently trading at $124 for which the company has invested largely than the previous investment. The company currently needs to show stronger production as the growth of the company should not be lower than the investors’ expectations. 

The company’s adjusted earnings are estimated to be the same as it was in the fourth quarter of fiscal year 2013, because of the company’s mining operation. The analysts estimated the earnings per share of Chevron to be around $2.75 up to $2.80 for the first quarter of fiscal year 2014, because the company earned per share earnings of $3.8 in the first quarter of fiscal year 2013. Chevron Stock Price will completely depend on the earnings released for the first quarter of fiscal year 2014.