Chevron (CVX) Tops Q3 EPS by 26c; Plans Job Cuts

Chevron Reports Third Quarter Net Income of $2.0 Billion

October 30, 2015 8:30 AM EDT

Expenses down; 2016 capital spending budget sharply reduced

SAN RAMON, Calif.--(BUSINESS WIRE)-- Chevron Corporation (NYSE: CVX) today reported earnings of $2.0 billion ($1.09 per share diluted) for third quarter 2015, compared with earnings of $5.6 billion ($2.95 per share diluted) in the 2014 third quarter. Foreign currency effects increased earnings in the 2015 quarter by $394 million, compared with an increase of $366 million a year earlier.

Sales and other operating revenues in third quarter 2015 were $33 billion, compared to $52 billion in the year-ago period.

Earnings Summary

    Three Months Nine Months Ended Sept. 30     Ended Sept. 30   Millions of dollars   2015     2014     2015     2014   Earnings by Business Segment     Upstream... More