Chevron Announces Quarterly Dividend

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Go back to Chevron Announces Quarterly Dividend

Chevron (CVX) Posts Wider-than-Expected Q1 Loss

April 29, 2016 8:31 AM EDT

Chevron (NYSE: CVX) reported Q1 EPS of ($0.39), $0.29 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $23 billion versus the consensus estimate of $21.47 billion.

"First quarter results declined from a year ago, said Chairman and CEO John Watson. Our Upstream business was impacted by a more than 35 percent decline in crude oil prices. Our Downstream operations continued to perform well, although overall industry conditions and margins this quarter were... More