Get ready for a shock and awe moment when those numbers are announced. Q1 earnings have been really bad, an understatement, for every oil biz company that has already reported.
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@1xhs, Why don't you, BD Chevroid. I'm self-employed now and will be then. No secret. You?
Check back in a year and tell us who your new employer is.
BP announced today that it will evaluate its dividend on a quarter by quarter basis due to persistent low oil prices. Chevron would never do that.
We could easily fund the dividend with debt for several years. It’s not an issue at this time. Check back in a year, chicken little.
Most companies that have already reported did not provide forward guidance. Why should we be any different? Companies are getting a free pass this quarter so take advantage of it while you can.
@qrb, More like Captain Oblivious, LMAO!
Let's see, 1.859 billion shares times $1.29 per share = $2.398 billion per quarter = $9.59244 billion per year. Now that is some serious money.
Big layoffs always make a stock go up. Get ready. All integrated oil companies are losing money in both upstream and downstream operations.
The earnings call is a wrap up of the 1st quarter. That’s water under the bridge already. Investors are forward looking. If the earnings call doesn’t clearly address all 3 months of the first quarter and doesn’t explain the outlook of the next 3 months and beyond, investors will run for the hills. Being vague or deliberately hiding facts or not answering the analysts questions thoroughly will land CVX stock in the dump. They better not F-up this earning call and MW better not pull a John Watson and say he can’t attend the meeting because he’s not feeling well or out playing golf. That won’t fly with anyone.
Only March was bad. Hence, earning will be good. Also, they will announce head count reduction. CVX stock will go up.
The proceeds from the Azerbaijan sale will "mask" the terrible operational earnings. Headline won't be so bad
Thanks Captain Obvious