Geopolitics Alpha

Chevron beats earnings expectations as refining profits soar on high diesel fuel prices

Published . Updated .

GEOPOLITICS ALPHAChevron beats earningsexpectations as refining profitssoar on high diesel fuel pricesCVXGEOPOLITICS ALPHA

This report is about oil and refining.

Directly affected

  • CVX Chevron+8.4% 30d

    Named in this report.

Indirectly affected

  • USO United States Oil Fund+7.3% 30d

    United States Oil Fund: its price follows crude oil. Linked by “fuel prices” (oil) in this story.

  • XLE Energy Select Sector SPDR+6.2% 30d

    Energy Select Sector SPDR: its price follows crude oil. Linked by “fuel prices” (oil) in this story.

  • CRAK VanEck Oil Refiners ETF

    VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refining” (refining) in this story.

  • XOM ExxonMobil Holdings+10.3% 14d

    ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “fuel prices” (oil) in this story.

  • COP ConocoPhillips+7.7% 30d

    ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “fuel prices” (oil) in this story.

  • BP BP p.l.c+5.1% 16d

    BP p.l.c (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “fuel prices” (oil) in this story.

  • SHEL Shell+0.1% 13d

    Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “fuel prices” (oil) in this story.

  • DK Delek US Holdings-5.5% 30d

    Delek US Holdings (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refining” (refining) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
CVX+0.78%-1.37%baseafter closeafter closeafter closeafter close
USONo price data for this ticker———————
XLENo price data for this ticker———————
CRAKNo price data for this ticker———————
XOMNo price data for this ticker———————
COPNo price data for this ticker———————
BPNo price data for this ticker———————
SHELNo price data for this ticker———————
DKNo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

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Chevron beats earnings expectations as refining profits soar on high diesel fuel prices CNBC

Source: CNBC

This story

CompanyWhenMoveStatus
CVXthree days earlier-1.37%final price
CVXfive days earlier+0.78%final price

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This story

12 out of 100

“Chevron beats earnings expectations as refining profits soar on high diesel fuel prices” scores 12 out of 100. The score uses 1 sources.