Chevron Announces Fourth Quarter 2020 Results
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Chevron (CVX) Misses Q4 EPS by 8c, Revenues Miss
January 29, 2021 7:32 AM ESTChevron (NYSE: CVX) reported Q4 EPS of ($0.01), $0.08 worse than the analyst estimate of $0.07. Revenue for the quarter came in at $25.25 billion versus the consensus estimate of $26.2 billion.
Fourth quarter loss of $665 million; adjusted loss of $11 millionAnnual capital spending down 35 percentIncreased 2020 dividend per share for 33rd consecutive year2020 was a year like no other, said Mike Wirth, Chevrons chairman of the board and chief executive officer. We were well positioned when the pandemic and economic crisis hit, and we exited the year with a strong balance sheet, having... More
