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Reuters

Reuters

Chevron CEO under pressure to halt share slide as Hess deal stalls

Reuters
Summary
Nutrition label

75% Informative

Chevron ’s falling earnings no longer cover its dividends and buybacks.

CEO Michael Wirth won Wall Street acclaim five years ago as the No. 2 U.S. oil company.

Chevron shares are up 18% since Wirth took over as CEO in 2018 , compared to Exxon 's 31% gain over the same period.

Wirth's job is not at risk, say Chevron executives and industry sources.

Chevron is expected to post third quarter earnings on Friday of $4.26 billion , down 35% from $6.53 billion a year ago .

Chevron continues to make the case to U.S. authorities that it has been a force for good in Venezuela .

Analysts say the company could lose its right to export about 220,000 barrels per day of oil.

VR Score

85

Informative language

89

Neutral language

55

Article tone

formal

Language

English

Language complexity

50

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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