Chevron Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Financial Results - Chevron Corporation is set to release its fourth-quarter financial results on January 31, 2025, before the market opens [1] - Analysts anticipate quarterly earnings of $2.11 per share, a decrease from$3.45 per share in the same period last year [1] - Projected quarterly revenue is $48.41 billion, an increase from$47.18 billion a year earlier [1] Production Update - Chevron's affiliate, Tengizchevroil LLP, has commenced oil production at the Future Growth Project in Kazakhstan's Tengiz oil field [2] - Following this announcement, Chevron shares rose by 0.4% to close at $156.32 [2] Analyst Ratings - Raymond James analyst Justin Jenkins has maintained an Outperform rating and raised the price target from$175 to $180 [4] - Truist Securities analyst Neal Dingmann has maintained a Hold rating and increased the price target from$160 to $164 [4] - Piper Sandler analyst Ryan Todd has maintained an Overweight rating but reduced the price target from$184 to $173 [4] - Wells Fargo analyst Roger Read has maintained an Overweight rating and raised the price target from$171 to $188 [4]