Before Friday’s opening bell, Chevron (CVX) released its first quarter financial results. Here’s what the results mean for mutual fund investors.
Inside CVX’s Results
Chevron reported earnings of $2.6 billion, or $1.37 per share from $4.51 billion, or $2.36 per share, a year ago. On average, analysts expected to see EPS of 79 cents.
The company posted revenue of $34.56 billion from $53.27 billion. Analysts expected revenue of $24.37 billion.
Profits Hit By Lower Oil Prices
Chevron was one of the many energy companies to see a significant dent in Q1 profits due to the decline in oil prices. For investors interested in CVX, it is notable to mention that the company, who was previously expected to raise dividends this quarter, has maintained its payout.
Mutual Funds to Watch
Investors interested in CVX may also consider a mutual fund as an alternative to owning the individual stock. The funds below currently hold the largest stakes in the company.
Vanguard Total Stock Market Index
Vanguard 500 Index
The Bottom Line
The funds above are a great way for investors to gain exposure to a diverse bundle of securities and industries. Investors interested in CVX may also be interested in Exxon (XOM) and BP (BP).