Chevron Corp’s Q1 Earnings Release Scheduled for May 2

Chevron Corp’s stock price has been under pressure due to declining oil prices and weak refining margins. The company is set to release its Q1 earnings on May 2.

Key Metrics to Watch

• Investors are closely watching for management’s outlook on energy demand and the broader macro environment.
• Analysts are expecting a lower profit per share compared to the previous quarter.

Stock Performance

• Chevron Corp’s stock has declined over 5% year-to-date.

External Market Developments

• Venezuela is seeking to preempt the US-ordered exit of Chevron and other foreign energy operators by asking China to increase oil purchases.