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CVX Chevron Corporation

160.40
-0.33 (-0.21%)
04 May 2024 - Closed
Delayed by 15 minutes
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

Chevron's Profit Rises on Foreign Currency Boost

01/02/2019 2:16pm

Dow Jones News


Chevron (NYSE:CVX)
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From May 2019 to May 2024

Click Here for more Chevron Charts.
   By Kimberly Chin 
 

Chevron Corp.'s (CVX) said fourth-quarter earnings rose 20% from a year ago as profit was lifted by foreign currency.

Chevron's profit was $3.73 billion, or $1.95 a share, up from $3.11 billion, or $1.64 a share, a year earlier. Analysts polled by Refinitiv were looking for $1.92 a share.

The company said it had a $270 million asset write-off in the quarter.

Total revenue rose 13% to $42.35 billion, but missed the consensus forecast of $46.13 billion. Oil-equivalent production rose 7% to 2.93 million barrels a day, the company said.

Chevron expects oil production in 2019 to grow by 4% to 7%, excluding asset sales.

 

Write to Kimberly Chin at kimberly.chin@wsj.com

 

(END) Dow Jones Newswires

February 01, 2019 09:01 ET (14:01 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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