Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Deep Fundamental Analysis

[Earnings Review] Despite Production Growth Chevron’s Profit Falls Due to Lower Refining Margins

Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Equity Bottom-Up

<ul>
<li>Chevron’s Q2 revenue is set to dip 0.6% YoY, with EPS projected to drop 4.5% YoY on the back of lower refinery margins and natural gas prices.</li>
<li>Higher Brent crude prices and strong production may help Chevron partially offset Q2's challenges.</li>
<li>Unplanned downtime at two Australian LNG plants during Q2 raises concerns about a drop in production.</li>
</ul>


Chevron’s Q2 revenue is set to dip 0.6% YoY, with EPS projected to drop 4.5% YoY on the back of lower refinery margins and natural gas prices.
Higher Brent crude prices and strong production may help Chevron partially offset Q2's challenges.
Unplanned downtime at two Australian LNG plants during Q2 raises concerns about a drop in production.


[Earnings Preview] Weak Refining Margins and Gas Prices Dampen Chevron’s Q2 Earnings Outlook

Chevron Corp

[Earnings Preview] Weak Refining Margins and Gas Prices Dampen Chevron’s Q2 Earnings Outlook