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Several major investors reduced holdings in Chevron despite its Q1 earnings slightly beating estimates.
Several institutional investors have reduced their holdings in Chevron Co. (NYSE:CVX), including Accordant Advisory Group Inc. and Exchange Bank, after the company reported earnings per share (EPS) of $2.18 for the first quarter, slightly beating estimates.
Despite a revenue figure slightly below expectations, Chevron's stock remains valued, with analysts forecasting a 10.79 EPS for the current fiscal year.
The company's operations span integrated energy and chemicals sectors, with segments focusing on upstream and downstream activities.
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Varios inversores importantes redujeron sus participaciones en Chevron a pesar de que sus ganancias del primer trimestre superaron ligeramente las estimaciones.