Chevron shares up slightly before results Friday

Chevron shares up 0.6pc on Thurs ahead of results due before the bell Friday CVX expected to report a 22.6pc increase in rev to $46.134bn from $37.62bn a yr ago, according to the mean estimate of 6 analysts, based on Refinitiv data

The analyst mean estimate on adj earnings is $1.87/shr vs 72c/shr a yr ago

Chevron has beaten analysts' expectations on rev in 3 of the past 8 reporting periods and has beaten on EPS in 4 of the past 8

The current average analyst rating on the shares is "buy," with 18 "strong buys" or "buys," 5 "holds" and no "sell" or "strong sell" ratings

CVX options imply a 2.6pc swing for the shares, in either direction by Fri, per Trade Alert data; over the last eight qtrs, on average, CVX shares moved 2.7pc on the day the co reported results, per Trade Alert data

Chevron stock is up 4.6pc YTD vs about a 7pc gain in the DJIA.