Chevron (CVX) Posts Q4 EPS of $0.22, Sales Miss
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Chevron Reports Fourth Quarter Net Income of $415 Million
January 27, 2017 8:30 AM EST95 percent oil and gas reserves replacement; spending down sharply in 2016
SAN RAMON, Calif.--(BUSINESS WIRE)-- Chevron Corporation (NYSE: CVX) today reported earnings of $415 million ($0.22 per share diluted) for fourth quarter 2016, compared with a loss of $588 million ($0.31 per share diluted) in the 2015 fourth quarter. Foreign currency effects increased earnings in the 2016 quarter by $26 million, compared with an increase of $46 million a year earlier.
Full-year 2016 results were a loss of $497 million ($0.27 per share diluted) compared with earnings of $4.6 billion ($2.45 per share diluted) in 2015.
Sales and other operating revenues in fourth quarter 2016 were $30 billion, compared to $28 billion in the year-ago period.
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