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

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Go back to Chevron (CVX) Posts Wider-than-Expected Q1 Loss

Chevron Reports First Quarter Loss of $725 Million

April 29, 2016 8:30 AM EDT

SAN RAMON, Calif.--(BUSINESS WIRE)-- Chevron Corporation (NYSE: CVX) today reported a loss of $725 million ($0.39 per share diluted) for first quarter 2016, compared with earnings of $2.6 billion ($1.37 per share diluted) in the 2015 first quarter. Foreign currency effects decreased earnings in the 2016 quarter by $319 million, compared with an increase of $580 million a year earlier.

Sales and other operating revenues in first quarter 2016 were $23 billion, compared to $32 billion in the year-ago period.

   

Earnings Summary

Three MonthsEnded March 31

Millions of dollars     2016   2015 Earnings by business segment   Upstream $ (1,459 ) $ 1,560... More

Chevron Announces Quarterly Dividend

April 27, 2016 4:30 PM EDT

SAN RAMON, Calif.--(BUSINESS WIRE)-- The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of one dollar and seven cents ($1.07) per share, payable June 10, 2016, to all holders of common stock as shown on the transfer... More