Chevron (CVX) Misses Q3 EPS by 9c, Revenues Miss

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Chevron Reports Third Quarter Net Income of $2.6 Billion

November 1, 2019 8:30 AM EDT

Cash flow from operations of $7.8 billion Share repurchases of $1.25 billion

SAN RAMON, Calif.--(BUSINESS WIRE)-- Chevron Corporation (NYSE: CVX) today reported earnings of $2.6 billion ($1.36 per share - diluted) for third quarter 2019, compared with $4.0 billion ($2.11 per share - diluted) in the third quarter 2018. Included in the current quarter was a tax charge of $430 million related to a cash repatriation. Foreign currency effects increased earnings in the third quarter 2019 by $74 million.

Sales and other operating revenues in third quarter 2019 were $35 billion, compared to $42 billion in the year-ago... More