2020-05-27 11:35:00
CHEVRON NET INCOME $3.6 BLN
CHEVRON - San Ramon, Calif., May 1, 2020 – Chevron Corporation (NYSE: CVX) today reported earnings of $3.6 billion ($1.93 per share - diluted) for first quarter 2020, compared with earnings of $2.6 billion ($1.39 per share - diluted) in the first quarter 2019. Included in the current quarter was a gain of $240 million associated with the sale of upstream assets in the Philippines and favorable tax items totaling $440 million attributable to international upstream. Foreign currency effects increased earnings in the first quarter 2020 by $514 million.
Sales and other operating revenues in first quarter 2020 were $30 billion, compared to $34 billion in the year-ago period.
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Earlier:
2020, February, 12, 12:00:00
U.S. SHALE GAS WRITE-DOWNS
EQT Corp, the largest U.S. gas producer, recently said it would take a write-down of as much as $1.8 billion, following CNX Resources Corp, Royal Dutch Shell Plc and Chevron Corp in reducing the value of gas properties.
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2020, February, 3, 11:20:00
CHEVRON NET LOSS $6.6 BLN
Chevron Corporation (NYSE: CVX) reported a loss of $6.6 billion ($(3.51) per share - diluted) for fourth quarter 2019,
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2020, January, 20, 11:55:00
NO VENEZUELA SANCTIONS FOR CHEVRON
The waiver allows Chevron, Halliburton, Schlumberger, Baker Hughes and Weatherford International to continue certain work with PDVSA, outside of US sanctions.
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