Chevron - CVX - Growth Rate -- October 29, 2022

At the sidebar at the right, the question concerned the growth rate of CVX. Here's the answer, from below:

Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.

While the historical EPS growth rate for Chevron is 8.4%, investors should actually focus on the projected growth. The company's EPS is expected to grow 126% this year, crushing the industry average, which calls for EPS growth of 122%.

******************************
What Buffett Sees

Re-posting from October 4, 2022:

While Traders Were Dumping Oil ...

... Buffett bought another 5.99 million shares of OXY. And more CVX.

************************
What Else Warren Buffett Sees

Link here.

Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration. While the historical EPS growth rate for Chevron is 8.4%, investors should actually focus on the projected growth. The company's EPS is expected to grow 126% this year, crushing the industry average, which calls for EPS growth of 122%.

Is anyone paying attention?

And this analysis / article was written before the announcement that OPEC was going to cut production.

And, of course, if anyone needs a reminder:

• Russian exports will soon plummet;
• US shale cannot make up the shortfall that will be caused by the OPEC cut in production;
• China is about to "open up";
• as the Europeans begin to freeze this winter, they will start burning more oil to make heat.