Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>In the second quarter of 2025, Chevron Corporation delivered a robust financial performance, reflecting strategic accomplishments and operational efficiency.</li><li>The company reported earnings of $2.5 billion, equating to $1.45 per share, with adjusted earnings amounting to $3.1 billion or $1.77 per share.</li><li>Several notable factors, including special items and foreign currency effects, impacted the earnings.</li></ul>

In the second quarter of 2025, Chevron Corporation delivered a robust financial performance, reflecting strategic accomplishments and operational efficiency.The company reported earnings of $2.5 billion, equating to $1.45 per share, with adjusted earnings amounting to $3.1 billion or $1.77 per share.Several notable factors, including special items and foreign currency effects, impacted the earnings.

Chevron’s $10 Billion Power Play: Why Data Centers Are Its Next Big Bet!

Equity/Index & Cross Asset Volatility Specialist, Cameron Design

Jay Cameron

Equity/Index & Cross Asset Volatility Specialist

Cameron Design

We specialize in financial products and volatility. Our strategies balance speed, data, and risk control to capture opportunities across global markets. Our research leverages AI and data analytics to continuously refine our algorithms and adapt to evolving market dynamics.

Equity Derivatives

<ul>
<li>Chevron demonstrated strong operational momentum in Q3 2025, with record worldwide production of over 4 million barrels of oil equivalent per day with upside from the Hess integration.</li>
<li>The stock is trading at a premium valuation with a challenging but achievable growth path in terms of annual growth rates and revenues.</li>
<li>Given the current valuation and financial outlook, the upcoming Investor Day on November 12, 2025, presents a short-term window to potentially put on a single stock options strategy.</li>
</ul>


Chevron demonstrated strong operational momentum in Q3 2025, with record worldwide production of over 4 million barrels of oil equivalent per day with upside from the Hess integration.
The stock is trading at a premium valuation with a challenging but achievable growth path in terms of annual growth rates and revenues.
Given the current valuation and financial outlook, the upcoming Investor Day on November 12, 2025, presents a short-term window to potentially put on a single stock options strategy.


Chevron Volatility: Options-Ready for Investor Day

Chevron Corporation: An Insight Into Its Eastern Mediterranean Gas Strategy & Other Major Drivers!

<ul><li>Chevron has officially closed its $53 billion acquisition of Hess Corporation following a decisive arbitration victory over ExxonMobil, marking one of the most consequential moves in the global oil and gas sector this decade.</li><li>The long-disputed deal had been mired in uncertainty due to Exxon’s contractual claims over Hess’s stake in the Guyana oil fields—a globally significant resource discovery with multi-decade production potential.</li><li>However, a panel of international arbitrators sided with Chevron and Hess, clearing the way for the transaction to proceed.</li></ul>

Chevron has officially closed its $53 billion acquisition of Hess Corporation following a decisive arbitration victory over ExxonMobil, marking one of the most consequential moves in the global oil and gas sector this decade.The long-disputed deal had been mired in uncertainty due to Exxon’s contractual claims over Hess’s stake in the Guyana oil fields—a globally significant resource discovery with multi-decade production potential.However, a panel of international arbitrators sided with Chevron and Hess, clearing the way for the transaction to proceed.

Chevron Just Won Big: What Its $53 Billion Hess Acquisition & Legal Victory Over Exxon Really Mean!

Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

<ul>
<li>Chevron’s Q2 2025 revenue is expected to drop 8% QoQ and 14.5% YoY. Its EPS is projected to drop 21.6% QoQ and 32.9% YoY.</li>
<li>Chevron’s Q2 earnings are expected to fall to their lowest level since 2021, primarily due to weak crude oil and natural gas prices.</li>
<li>Bearish sentiment dominates options positioning, with elevated put-call ratios and heavy put open interest near key support levels.</li>
</ul>


Chevron’s Q2 2025 revenue is expected to drop 8% QoQ and 14.5% YoY. Its EPS is projected to drop 21.6% QoQ and 32.9% YoY.
Chevron’s Q2 earnings are expected to fall to their lowest level since 2021, primarily due to weak crude oil and natural gas prices.
Bearish sentiment dominates options positioning, with elevated put-call ratios and heavy put open interest near key support levels.


[Earnings Preview] Chevron Faces the Heat as Earnings Projected to Slide and Traders Turn Defensive

United States

Chevron Corporation is an integrated energy company with operations in countries located around the world.  The Company produces and transports crude oil and natural gas.  Chevron also refines, markets, and distributes fuels as well as is involved in chemical operations, mining operations, power generation and energy services.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Chevron Corp (CVX US)

Chevron’s $10 Billion Power Play: Why Data Centers Are Its Next Big Bet!

In the second quarter of 2025, Chevron Corporation delivered a robust financial performance, reflecting strategic accomplishments and operational...

Baptista Research

Chevron Volatility: Options-Ready for Investor Day

Chevron's Q3 2025 shows strong operational momentum and record production, with potential for growth despite premium valuation. Investor Day next...

Jay Cameron

Chevron Corporation: An Insight Into Its Eastern Mediterranean Gas Strategy & Other Major Drivers!

In the second quarter of 2025, Chevron Corporation delivered a robust financial performance, reflecting strategic accomplishments and operational...

Baptista Research

Chevron Just Won Big: What Its $53 Billion Hess Acquisition & Legal Victory Over Exxon Really Mean!

Chevron has officially closed its $53 billion acquisition of Hess Corporation following a decisive arbitration victory over ExxonMobil, marking...

Baptista Research

[Earnings Preview] Chevron Faces the Heat as Earnings Projected to Slide and Traders Turn Defensive

Chevron's Q2 earnings to hit lowest level since 2021, with revenue and EPS projected to drop significantly due to weak oil and gas prices. Bearish...

Mint Finance

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Chevron’s $10 Billion Power Play: Why Data Centers Are Its Next Big Bet!

In the second quarter of 2025, Chevron Corporation delivered a robust financial performance, reflecting strategic accomplishments and operational...

Baptista Research

Chevron Volatility: Options-Ready for Investor Day

​Chevron's Q3 2025 shows strong operational momentum and record production, with potential for growth despite premium valuation. Investor Day next...

Jay Cameron

Chevron Corporation: An Insight Into Its Eastern Mediterranean Gas Strategy & Other Major Drivers!

In the second quarter of 2025, Chevron Corporation delivered a robust financial performance, reflecting strategic accomplishments and operational...

Baptista Research

Chevron Just Won Big: What Its $53 Billion Hess Acquisition & Legal Victory Over Exxon Really Mean!

Chevron has officially closed its $53 billion acquisition of Hess Corporation following a decisive arbitration victory over ExxonMobil, marking...

Baptista Research

[Earnings Preview] Chevron Faces the Heat as Earnings Projected to Slide and Traders Turn Defensive

​Chevron's Q2 earnings to hit lowest level since 2021, with revenue and EPS projected to drop significantly due to weak oil and gas prices. Bearish...

Mint Finance

Chevron's Q3 2025 shows strong operational momentum and record production, with potential for growth despite premium valuation. Investor Day next...

Chevron's Q2 earnings to hit lowest level since 2021, with revenue and EPS projected to drop significantly due to weak oil and gas prices. Bearish...