First quarter earnings are starting to roll in, giving us a handle on the health of the oil and gas industry. Today, I will review earnings from several different segments of the energy sector.
Chevron
For the first quarter, Chevron reported a decline in earnings of 27% from the previous year to $2.65 billion. But analysts were expecting worse, as earnings per share of $1.39 still beat consensus estimates of $1.30 per share.