Seeking Alpha

More on Chevron's (CVX) Q3 results: Misses on earnings and revenues are blamed on lower...

More on Chevron's (CVXQ3 results: Misses on earnings and revenues are blamed on lower crude prices and a heavy period of planned oilfield maintenance. Worldwide production was 2.52M boe/day vs. 2.6M boe/day in the year-ago quarter. Average sales price/bbl of crude oil and natural gas liquids was $91 vs. $97 a year ago. Downstream operations earned $456M vs. $704M a year ago. CVX -0.5% premarket.
Comments (3)
  • Not a bad hit to share price, all things considered
    2 Nov 2012, 11:00 AM Reply Like
  • Agreed. I was thinking the market would react worse than this.
    2 Nov 2012, 11:30 AM Reply Like
  • CVX results were right in line with underlying company specific and market conditions. The company is reasonably priced at these levels, in my opinion, and I believe it's a reasonably safe place to put money while we ride out the strong winds of de-leveraging and zero interest rates.
    2 Nov 2012, 06:04 PM Reply Like
DJIA (DIA) S&P 500 (SPY)