UPDATE: Chevron (CVX) Reports Q3 EPS of $1.03

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Go back to UPDATE: Chevron (CVX) Reports Q3 EPS of $1.03

Chevron Reports Third Quarter Net Income of $2.0 Billion

October 27, 2017 8:30 AM EDT

SAN RAMON, Calif.--(BUSINESS WIRE)-- Chevron Corporation (NYSE: CVX) today reported earnings of $2.0 billion ($1.03 per share diluted) for third quarter 2017, compared with $1.3 billion ($0.68 per share diluted) in the third quarter of 2016. Included in the quarter was a gain on an asset sale of $675 million and an asset write-off of $220 million. Foreign currency effects decreased earnings in the 2017 third quarter by $112 million, compared with an increase of $72 million a year earlier.

Sales and other operating revenues in third quarter 2017 were $34 billion, compared to $29 billion in the year-ago period.

       

Earnings Summary

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