Chevron slides 1.26%; closes lower for six consecutive days

Published: March 19 2023, 12:46 GMT+0

Chevron slides 1.26%; closes lower for six consecutive days

A quick look at Friday: during Friday's session, Chevron toiled and struggled for upward momentum before closing at $152.34. By the close, the the integrated energy and chemicals provider suffered a $1.95 or 1.26% loss.

  • Daily trading volume (33 million shares) was higher than the current multiday average of 7.62 million.
  • Chevron discloses $1.51 per share dividend to be paid on Friday, March 10th

With investors awaiting market open in a day, Friday's session was noteworthy in that S&P 500 decreases 1.1% before ending the session at 3,916.64. Dow Jones fell 1.19% and reached 31,862. Chevron was down Friday while similar drops were seen throughout the Energy sector (down 0.505%).

4 months ago the oil and gas company reached a significant high of $188.05 but has consequently lost 17.95% since then. So far this year, it has been doing worse than the Dow Jones by 4.93%. Chevron is currently trading with a market cap of $290.46 billion with an average daily volume of 7.62 million shares. Chevron expected revenue of $54.72 billion with an EPS of $4.16.

Also, the firm paid out a quarterly dividend of $1.51 per share on Friday, March 10th to all active shareholders as of Thursday, February 16th. Eligible investors secured a quarterly dividend yield of 3.96% for this year.

Chevron was not the only decliner in the energy sector; Exxon Mobil lost 1.18% Friday and closed at $99.84. BP lost 1.26% Friday and closed at $35.17.