Chevron's Quarterly Profit Falls on Lower Oil Prices
Chevron says its quarterly profit fell 5 percent in the first quarter as oil prices slipped.
Chevron earnings
This Week: Major Earnings and Reports Every Day
With corporate earnings season in full swing -- watch for McDonalds, along with Catepillar, Amazon and other -- and with the Fed meeting on interest rates, the GDP estimate and housing numbers coming out -- the week ahead is expected to be quite busy.
Dow, S&P 500 Post Best Monthly Gains in a Year
Blue-chip earnings and an improvement in consumer sentiment helped stocks shrug off disappointing economic growth to end mixed Friday -- but the market still enjoyed its biggest monthly gain in a year.
Chevron Earnings Triple on Higher Oil Prices
Chevron's second-quarter earnings easily topped forecasts, but revenue came in lower than analysts expected. It recorded net income of $5.41 billion, or $2.70 a share, up from $1.75 billion, or 87 cents, in last year's second quarter.
ExxonMobil and Chevron Set to Post Sharp Gains
Blue-chip energy giants ExxonMobil and Chevron report earnings this week, and if analysts' forecasts are right, both should post sharply higher revenues and profits, helped by lower costs and higher oil prices.