Chevron missed expectations in its second quarter, in part due to pressure from lower refining margins. Stewart Glickman, CFRA Research Energy Equity Analyst...
Chevron missed expectations in its second quarter, in part due to pressure from lower refining margins. Stewart Glickman , CFRA Research Energy Equity Analyst and Deputy Research Director joined Market Domination to discuss.) saw revenue of $51.18 billion for the quarter, higher than expected. But the oil giant's adjusted earnings per share of $2.55 missed expectations of $2.93. Glickman described the print as"disappointing," and downgraded the shares to a Hold from a Buy.
Um You know, you have an expectation of close to three bucks in earnings and, and you come up with 255 and a lot of the weakness I would say is attributable to international upstream.Uh And then on top of the print, now you've got uh the, the problem of, of prolonged uncertainty with related or related to the hes the hes transaction, which now it looks like the arbitration is not gonna happen until May.So investors really have to put up with a lot of headwinds to buy into the Chevron story.
Um, you know, a lot of their other growth opportunities, for example, Deepwater Gulf of Mexico, those probably draw a lot more interest um from investors if oils back around $80.90 dollars and we seem to be slipping.And then another one on Chevron too, amidst all of this, the company says, oh, we're gonna relocate to Texas from California.
Um then you have of course their 45% stake in Guyana, which they already own, uh which is throwing off considerable um incremental oil, not just this year, but probably first oil, other other developments in the block in 2526 and 27.So Exxon's got in my opinion, a much better story to tell. PARIS — In the early days after she was adopted by her grandparents, Simone Biles, a preschooler at the time, put herself in charge of younger sister Adria.MARSEILLE — A leadership by committee approach has worked wonders for an embattled Canadian women's soccer team that has defied the odds at the Paris Olympics.Ohio is expected to launch recreational marijuana sales next week
Stewart Glickman CFRA Research Energy Equity Analyst Market Domination Research Director Glickman Exxonmobil
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