Gold Member BOHICA Posted October 28, 2022 Gold Member Share Posted October 28, 2022 Wow!!!! Very impressive!!!! Good to see American companies doing so well!!! https://oilprice.com/Latest-Energy-News/World-News/Chevron-Reports-Its-Second-Highest-Quarterly-Profits-Ever.html For Q3, Chevron Corp recorded its second-highest quarterly profit ever on the back of increased oil and gas demand and increased U.S. production. Chevron’s net profit for the quarter soared to $11.2 billion, or $5.78 per share, nearly double the net profit recorded in Q3 2021 and easily beating analyst estimates that saw it at $4.86. Chevron’s cash flow from operations increased to $15.3 billion for the quarter, and oil and gas production in the Permian for the quarter hit a quarterly record at 700,000 boepd. This is an increase of 12% from Q3 2021 and an increase of 8,000 boepd from the previous quarter. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted October 28, 2022 Share Posted October 28, 2022 Good to see a highly profitable U.S. company. They sell a product that’s high priced and in great demand. Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted October 28, 2022 Author Gold Member Share Posted October 28, 2022 1 minute ago, spin_dry said: Good to see a highly profitable U.S. company. They sell a product that’s high priced and in great demand. Quarterly production record out of the Permian is equally impressive with such an anti oil administration. With production records and huge releases from the SPR it truly makes for a glut of oil. Quote Link to comment Share on other sites More sharing options...
Anler Posted October 28, 2022 Share Posted October 28, 2022 Ive been buying Chevron stock the last 5-6 years. Booyyaa Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted October 28, 2022 Author Gold Member Share Posted October 28, 2022 2 minutes ago, Anler said: Ive been buying Chevron stock the last 5-6 years. Booyyaa Still up on Crypto? Quote Link to comment Share on other sites More sharing options...
Anler Posted October 28, 2022 Share Posted October 28, 2022 Just now, BOHICA said: Still up on Crypto? No I cashed out when Russia went into Ukraine. I didnt feel that being in a speculative investment with the possibility of ww3 looming was a good idea. Turns out I was right LOL 1 Quote Link to comment Share on other sites More sharing options...
spin_dry Posted October 28, 2022 Share Posted October 28, 2022 4 minutes ago, Anler said: Ive been buying Chevron stock the last 5-6 years. Booyyaa Thankfully we have the US military/navy protecting those shipments of oil so you can bask in profits. Quote Link to comment Share on other sites More sharing options...
Anler Posted October 28, 2022 Share Posted October 28, 2022 28 minutes ago, spin_dry said: Thankfully we have the US military/navy protecting those shipments of oil so you can bask in profits. That way Putin doesnt get it! Quote Link to comment Share on other sites More sharing options...
XCR1250 Posted October 28, 2022 Share Posted October 28, 2022 55 minutes ago, BOHICA said: Wow!!!! Very impressive!!!! Good to see American companies doing so well!!! https://oilprice.com/Latest-Energy-News/World-News/Chevron-Reports-Its-Second-Highest-Quarterly-Profits-Ever.html For Q3, Chevron Corp recorded its second-highest quarterly profit ever on the back of increased oil and gas demand and increased U.S. production. Chevron’s net profit for the quarter soared to $11.2 billion, or $5.78 per share, nearly double the net profit recorded in Q3 2021 and easily beating analyst estimates that saw it at $4.86. Chevron’s cash flow from operations increased to $15.3 billion for the quarter, and oil and gas production in the Permian for the quarter hit a quarterly record at 700,000 boepd. This is an increase of 12% from Q3 2021 and an increase of 8,000 boepd from the previous quarter. That's very good news, I'm making good profit on Chevron stock. Keep it up Chevron. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted October 28, 2022 Share Posted October 28, 2022 1 minute ago, XCR1250 said: That's very good news, I'm making good profit on Chevron stock. Keep it up Chevron. See….$5 gasoline has its benefits. Quote Link to comment Share on other sites More sharing options...
XCR1250 Posted October 28, 2022 Share Posted October 28, 2022 Just now, spin_dry said: See….$5 gasoline has its benefits. $7 at the bar down the road. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted October 28, 2022 Share Posted October 28, 2022 Just now, XCR1250 said: $7 at the bar down the road. Even better!!! See, uncle Joe knows his shit!!! Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted October 28, 2022 Platinum Contributing Member Share Posted October 28, 2022 They lost their ass in 2020. Balances out. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.