Chevron Reports First Quarter Net Income of $2.6 Billion
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Chevron (CVX) Tops Q1 EPS Views
May 1, 2015 8:31 AM EDTChevron (NYSE: CVX) reported Q1 EPS of $1.37, $0.58 better than the analyst estimate of $0.79. Revenue for the quarter came in at $32 billion versus the consensus estimate of $24.4 billion.
First quarter earnings declined from a year ago due to sharply lower oil prices, which reduced revenue and earnings in our upstream business, said Chairman and CEO John Watson. Downstream operations were strong, benefitting from lower feedstock costs and improved refinery reliability.
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