The Motley Fool Previous Page

Why Chevron Will Move the Dow Tomorrow

Dan Caplinger
January 30, 2014

Although we don't believe in timing the market or panicking over daily movements, we do like to keep an eye on market changes -- just in case they're material to our investing thesis.

The Dow Jones Industrials (INDEX: ^DJI) continued its volatile week on Thursday, soaring almost 110 points and regaining a decent part of the ground the average lost yesterday. Yet even as analysts get more comfortable with their view that recent emerging-market troubles won't affect the U.S. economy or the stock market, Chevron (NYSE: CVX) will remind investors of the importance of earnings to market sentiment generally, and will provide another look at the energy sector after ExxonMobil's (NYSE: XOM) report this morning.

Chevron will announce its results before the bell Friday morning, with investors expecting to see the company's press release at about 8:30 a.m. EST based on the timing of its reporting last quarter. The oil company has scheduled a a conference call for 11 a.m. EST to discuss those results.

For many investors, the most important thing about Chevron earnings will be whether the energy giant can reverse the negative impression that ExxonMobil left earlier today. Exxon suffered a 16% drop in net income in its fourth quarter, with oil and gas production figures falling