Chevron (CVX) Posts Q4 Loss of 31c/Share; Includes Impairments
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Chevron Reports Fourth Quarter Loss of $588 Million and 2015 Earnings of $4.6 Billion
January 29, 2016 8:30 AM ESTFourth quarter earnings include impairments and other charges of $1.1 billion 107 percent oil and gas reserves replacement
SAN RAMON, Calif.--(BUSINESS WIRE)-- Chevron Corporation (NYSE: CVX) today reported a loss of $588 million ($0.31 per share diluted) for fourth quarter 2015, compared with earnings of $3.5 billion ($1.85 per share diluted) in the 2014 fourth quarter. Foreign currency effects increased earnings in the 2015 quarter by $46 million, compared with an increase of $432 million a year earlier.
Full-year 2015 earnings were $4.6 billion ($2.45 per share diluted) compared with $19.2 billion ($10.14 per share diluted) in 2014.
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