Yo Adrian! Chevron's Buybacks Take a Body Blow!

Gonna Fly Now... But Maybe a Little Slower

Yo Adrian! It's your pal Rocky. I gotta tell ya even big guys like Chevron take a beating sometimes. Seems like they're pumpin' the brakes on buyin' back their own shares. Like me in *Rocky V* they gotta adjust to survive. See the price of oil's takin' a nosedive. Trump's tariffs and OPEC+ pumpin' out more oil than I throw punches in a fight it's all makin' things tough. They’re sayin’ they'll buy back $2.5 to $3 billion in the next quarter. That’s still a lot of clams but it’s less than the $3.9 billion they threw down last time. 'It ain't about how hard you can hit but about how hard you can get hit and keep moving forward.' Chevron’s keepin' movin' just a little slower ya know?

Wall Street's Corner: A Split Decision

So Wall Street was expectin' Chevron to earn $2.18 a share and guess what? That's exactly what they did. Revenue was a little short though $47.61 billion instead of $48.09 billion. That's like missin' a punch by an inch. Still stings ya know? Some fancy analyst guy Borkhataria said Chevron's 'skatin' to where the puck is goin'.' Sounds like me tryin' to figure out what Mickey was screamin' at me during a fight! It means they see the trouble comin' and are gettin' ready for it.

Net Income Gets Knocked Down!

Here's the real kicker: Chevron's net income dropped more than 30%! We’re talkin’ $3.5 billion this year versus $5.5 billion last year. That’s like gettin’ knocked down by Clubber Lang! Hurts but ya gotta get back up. They blamed lower oil prices and higher expenses. It’s a tough world out there Adrian. Even for oil companies. Remember what Apollo Creed said 'ain't gonna be no rematch!'

Upstream Uppercut: Profits Take a Dip

Their U.S. production business ain't lookin' too hot neither. Profits are down over 10%. Higher costs and lower prices are givin' them the one two punch. International profits got slammed even harder. Down nearly 40%! Seems like their project in Kazakhstan ain't doin' too well. Just goes to show ya even when you're on top someone's always tryin' to take you down. I’m tellin’ ya life is a very good fighter.

Refining Revival... Sort Of

Now here's a little good news. Their U.S. refining business actually made a profit this time after takin' a loss last quarter. But even that profit is way down from last year. Just like when I thought I could retire after *Rocky III*! The international refining business is also makin' less money. 'Every champion was once a contender who refused to give up' so let's see how things will continue to evolve.

Hess Mess: Still Stuck in the Corner

And they're still tryin' to buy Hess. But ExxonMobil is throwin' punches left and right tryin' to block the deal. It's like tryin' to get through a crowd to see Adrian after a fight! Talk about a messy situation ya know? Investing in Hess shares sounds like buying gold teeth you can smile with them or get punched in the face because of them. It is what it is I guess!