CNBC SQUAWK BOX

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SoundTikTok sound · original sound - cnbc

Promoted product

Chevron

Why it worked

The video leverages a significant financial announcement (record profits for Chevron) and presents it in a clear, concise manner with supporting data and a direct quote from the CEO. The use of on-screen graphics and a news format lends credibility and makes the information easily digestible for viewers interested in market news.

Summary

Chevron reported a significant increase in net income, nearly 400% year-over-year, driven by rising oil prices. The company also announced record quarterly production and throughput, with its CEO stating they are "firing on all cylinders."

Structure

1Chevron reports strong earnings
2Stock price increases
3Exceeds earnings and cash flow estimates
4Record production and throughput
5CEO quote on performance

Original caption

Chevron on Friday reported second-quarter profits that surged on rising oil prices due to the Iran war. Read more at the #linkinbio. #cnbc #chevron #earnings #iranwar

More from @cnbc

Product placement

Chevron is the subject of the report, with its stock performance, earnings, and production figures discussed.

On-screen text

CNBC SQUAWK BOX Chevron reports net income at $12 billion, a nearly 400% increase year-over-year CHEVRON CVX 195.61 +3.30 +1.72% EXTENDED HOURS EARNINGS ALERT CNBC CHEVRON EPS BEATS $6.06 ADJ. VS. $5.56 EST STREAM CNBC+

Transcript

results out from Chevron this morning and the stock which was higher before it came out with results is actually even higher than that now up by about $3.30, $3.42 cents a gain of 1.72%, 1.78%. Earnings for Chevron came in on an adjusted basis at $6.06 adjusted vs. $5.56 est. Cash flow from operations totaled $22.7 billion. That was better than estimates of $18.3 billion. Chevron set quarterly records for US production, Permian production and throughput at multiple Gulf of Mexico facilities. They talked about refineries really firing on all cylinders, which is good because the world needs it. For the full year, Chevron expects production to grow 7 to 10% that is in line with consensus. It also expects organic capital spending to come in at the low end of its $18 to $19 billion guidance range.