Chevron Q1 results are in

Chevron Corporation reported its latest financial results before the market open in the US on Friday.

The company reported revenue of $54.373 billion in Q1, coming in above $51.14 billion expected by the analysts on Wall Street.

Earnings per share reported at $3.36 per share vs. $3.41 per share expected.

Mike Wirth, Chevron’s chairman and CEO on the latest results: ”First quarter financial performance saw return on capital employed increase to 14.7 percent and our balance sheet strengthen further.”

”Chevron is doing its part to grow domestic supply with U.S. oil and gas production up 10 percent over first quarter last year.”

”Consistent with our plans, we’re investing to grow both traditional and new energy business lines.”

”While we continue to respond to the energy-related challenges of today, we are deeply saddened by the tragic events in Ukraine and hope for a peaceful resolution soon,” Wirth added.

Chevron Corporation chart

Here is how the stock has performed in the past year:

• 1 Month -3.96%
• 3 Month +75%
• Year-to-date +39%
• 1 Year +01%

Chevron price targets

• Morgan Stanley: $188
• Wells Fargo: $184
• Citigroup: $145
• Barclays: $148
• JP Morgan: $169
• UBS: $192

Chevron Corporation is the 26^th largest company in the world with a market cap of $309.56 billion.

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Sources: Chevron Corporation, TradingView, CompaniesMarketCap