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2017-05-01 12:10:00

CHEVRON NET INCOME $2.7 BLN

CHEVRON NET INCOME $2.7 BLN

CHEVRON - Chevron Corporation (NYSE: CVX) today reported earnings of $2.7 billion ($1.41 per share – diluted) for first quarter 2017, compared with a loss of $725 million ($0.39 per share – diluted) in the 2016 first quarter. Included in the quarter was a gain of approximately $600 million from the sale of an upstream asset. Foreign currency effects decreased earnings in first quarter 2017 by $241 million, compared with a decrease of $319 million a year earlier.

Sales and other operating revenues in first quarter 2017 were $32 billion, compared to…

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