Chevron (CVX) Declares $1.07 Quarterly Dividend; 3.7% Yield

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Go back to Chevron (CVX) Declares $1.07 Quarterly Dividend; 3.7% Yield

Chevron (CVX) Tops Q3 EPS by 43c

October 31, 2014 8:32 AM EDT

Chevron (NYSE: CVX) reported Q3 EPS of $2.95, $0.43 better than the analyst estimate of $2.52. Revenue for the quarter came in at $54.68 million versus the consensus estimate of $53 million.

Despite a decline in crude oil prices, our third quarter earnings were higher than a year ago, said Chairman and CEO John Watson. Overall downstream results improved, reflecting the benefits of lower feedstock costs and better refinery reliability, particularly in the U.S. We also concluded certain asset sales as part of our announced, three-year divestment program. Cash generation in the quarter was solid, and our... More