Chevron (CVX) Tops Q3 EPS by 26c; Plans Job Cuts
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Chevron Reports Third Quarter Net Income of $2.0 Billion
October 30, 2015 8:30 AM EDTExpenses down; 2016 capital spending budget sharply reduced
SAN RAMON, Calif.--(BUSINESS WIRE)-- Chevron Corporation (NYSE: CVX) today reported earnings of $2.0 billion ($1.09 per share diluted) for third quarter 2015, compared with earnings of $5.6 billion ($2.95 per share diluted) in the 2014 third quarter. Foreign currency effects increased earnings in the 2015 quarter by $394 million, compared with an increase of $366 million a year earlier.
Sales and other operating revenues in third quarter 2015 were $33 billion, compared to $52 billion in the year-ago period.
Earnings Summary
  Three Months Nine Months Ended Sept. 30   Ended Sept. 30  Millions of dollars  2015   2014   2015   2014  Earnings by Business Segment   Upstream... More