You likely know by now, today Chevron announced its second quarter 2024 earnings and financial results. Below are some of the report’s highlights for you.
Chevron revealed a profit for second quarter that decreased from last year and missed the Street estimates. The company’s bottom line totaled $4.434 billion, or $2.43 per share. This compares with $6.010 billion, or $3.20 per share, in last year’s second quarter. Chevron reported adjusted earnings of $4.677 billion or $2.55 per share for the period.
As noted, this report was below expectations. Analysts on average had expected the company to earn $2.93 per share, according to figures compiled by Thomson Reuters.
The company’s revenue for the quarter rose 4.7% to $51.181 billion from $48.896 billion last year.
As decades long shareholders of CVX and advisors to many others, Blackhawk Wealth Advisors happy to help you with Chevron stock and other investments you have. Please call us if you have any questions or we may be of service.
John Gardner, CFP®, CPM®
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Blackhawk Wealth Advisors has offered strategic investment solutions and wealth planning advice to Chevron employees, retirees and otheindividuals and corporations for decades. The company’s founder, John Gardner, says “Our comprehensive and disciplined planning firm is soundly rooted in its mission to provide strategic investment solutions to our clients that are consistent with their objectives and risk tolerance to enable them to achieve their financial goals.”
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