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Chevron's stock rises after profit beat as revenue falls short
ChevronChevron(US:CVX) Market Watch·2024-02-02 19:24

Chevron Corp. CVX, +0.31% said Friday it had net income of 2.3billion,or2.3 billion, or 1.22 a share, in the fourth quarter, down from 6.4billion,or6.4 billion, or 3.33 a share, in the year-earlier period. Adjusted per-share earnings came to 3.45,aheadofthe3.45, ahead of the 3.19 FactSet consensus. Revenue fell to 47.180billionfrom47.180 billion from 56.473 billion a year ago, below the FactSet consensus of 50.926billion.Thenetfigureincludes50.926 billion. The net figure includes 1.8 billion of U.S. upstream impairment charges and $1.9 billion of decommissioning obligations from previou ...