Chevron (CVX) Reports Q1 EPS of $1.93, Further Reduces Capital Expenditure Guidance

Chevron (NYSE: CVX) reported Q1 EPS of $1.93, versus $1.39 reported last year. Revenue for the quarter came in at $31.5 billion versus the consensus estimate of $29.38 billion.

• Chevron is further reducing its 2020 capital expenditure guidance by up to $2 billion to $14 billion. In addition, the company estimates that 2020 operating costs will decrease by $1 billion. This follows the previously announced suspension of share repurchases and the completion of additional asset sales.

For earnings history and earnings-related data on Chevron (CVX) click here.

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