Chevron Says These Actions In The Aggregate Are Currently Estimated To Result In Non-Cash, After-Tax Charges Of $3.5B-$4B In Q4 Results
Portfolio Pulse from Benzinga Newsdesk
Chevron has announced that it expects to incur non-cash, after-tax charges of $3.5B-$4B in its Q4 results. These charges are a result of aggregate actions taken by the company.
January 02, 2024 | 1:06 pm
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Chevron is expected to report significant non-cash, after-tax charges in Q4, which could negatively impact investor sentiment and the stock price in the short term.
The announcement of substantial charges typically leads to negative investor sentiment as it directly affects the company's net income. While these are non-cash charges and do not impact the cash flow, the magnitude of the charges is significant and could lead to a short-term decline in stock price as the market reacts to the news.
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IMPORTANCE 85
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