Equity intelligence report • May 13, 2026
Chevron has successfully resumed full production at its Wheatstone LNG facility, boosting its outlook ahead of anticipated Q1 results. Analysts project a revenue growth of 13.2% and earnings growth of 71.5%, with a current Strong Buy rating despite recent operational challenges, including a Texas refinery incident. This follows an earlier period where both Chevron and Exxon Mobil reported mixed financial results due to declining crude prices but surpassed earnings expectations through increased production volumes, although Chevron faced a significant loss of $8.3 billion, highlighting the sector's ongoing volatility.
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