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Barchart
Barchart
Aditya Sarawgi

What to Expect From Chevron's Next Quarterly Earnings Report

San Ramon, California-based Chevron Corporation (CVX) is a fully integrated oil & gas company focusing on oil & gas production, refining, and marketing. It operates through Upstream and Downstream segments. With a market cap of $238.8 billion, Chevron operates as one of the largest publicly traded oil & gas companies in the world.

The energy giant is set to announce its first-quarter results before the markets open on Friday, May 2. Ahead of the event, analysts expect Chevron to deliver a non-GAAP EPS of $2.49, down 15% from $2.93 reported in the year-ago quarter. While the company has missed Street’s bottom-line estimates twice over the past four quarters, it has surpassed the projections on two other occasions.

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