Chevron (CVX) On Track to Meet 2017 Goals Following Record FY11 Results
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Financial Fact:
Income Tax Expense: -192M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Income Tax Expense: -192M
Today's EPS Names:
BTTX, VAXX, ELYS, More
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Chevron Corporation (NYSE: CVX) is delivering strong financial results and progressing the projects that will drive the next significant growth phase, executives said today at the company’s annual security analyst meeting in New York.
“Financially, 2011 was a record year for Chevron. We generated the strongest earnings and cash flow in our company's history,” said John Watson, Chevron’s chairman and CEO. Watson added, “Looking ahead, we are well positioned and committed to delivering consistently strong financial and operating performance. For 2012, we have a sharp focus on executing our major capital projects, which underpin 20 percent volume growth over the next six years."
George Kirkland, vice chairman and executive vice president, Upstream and Gas, recapped the 2011 results of the upstream business, which included the No. 1 ranking relative to industry peers in earnings and cash flow per barrel and return on capital employed.
“Financially, 2011 was a record year for Chevron. We generated the strongest earnings and cash flow in our company's history,” said John Watson, Chevron’s chairman and CEO. Watson added, “Looking ahead, we are well positioned and committed to delivering consistently strong financial and operating performance. For 2012, we have a sharp focus on executing our major capital projects, which underpin 20 percent volume growth over the next six years."
George Kirkland, vice chairman and executive vice president, Upstream and Gas, recapped the 2011 results of the upstream business, which included the No. 1 ranking relative to industry peers in earnings and cash flow per barrel and return on capital employed.
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