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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Chevron Corporation | NYSE:CVX | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.33 | -0.21% | 160.40 | 160.66 | 157.04 | 160.58 | 11,780,661 | 01:00:00 |
From May 2019 to May 2024
By Allison Prang
Chevron Corp.'s (CVX) earnings rose, helped by $740 million in income from the Anadarko merger termination fee, but revenue fell 8%.
Net income was $4.31 billion, up 26% from the comparable quarter a year prior. Earnings were $2.27 a share, up from $1.78 a share. Analysts polled by FactSet were expecting $1.88 a share.
Revenue was $38.85 billion, down 8%. Analysts were expecting $40.12 billion.
Chevron said it also had a $180 million non-cash tax benefit from Alberta, Canada's, corporate income tax rate drop. Costs and other deductions were $32.92 billion, down 12%.
The company reported 3.08 million barrels per day in net oil-equivalent production. It increased 9.1% year over year.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
August 02, 2019 09:07 ET (13:07 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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