Chevron: ready for the rebound
Having weathered the downturn in impressive fashion, Chevron is well placed to take advantage of any Iran supply shock
Chevron has performed well of late. The US oil and gas giant posted earnings of $3.4bn for Q2 2018, a marked improvement on the $1.5bn the company reported in the same period last year. Its impressive financials are the result of "higher crude oil prices, strong operations and higher production", according to chief executive Michael Wirth. However, despite Chevron's earnings more than doubling over the past 12 months its performance missed Wall Street expectations. According to S&P Capital IQ, consensus second-quarter earnings for Chevron were estimated at $2.07 per share, only to come in at $1.78, 16% lower than most analysts were predicting. It's worth noting that Chevron isn't alone,
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
