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Industry Analyst: Chevron Heading To $109 Per Share

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Brian O’Connell
November 10, 2011

Last week wasn't a great week for oil stocks, but at least one should keep climbing an upward path. Chevron has increasingly caught the attention of analysts, who like the company's asset sales picture, and love its Q3 numbers.

 

The oil giant’s third-quarter numbers picture certainly exceeded Wall Street’s outlook. Here’s a quick breakdown:

 

Results: Net income spiked upward to $7.83 billion ($3.92 per share) vs. $3.77 billion ($1.87 per share) in the same quarter a year earlier. That’s more than double the amount Chevron had posted on ...


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