Chevron Earnings Beat, Revenue Misses In Q4

Investing.com – Chevron (NYSE:) reported on Friday fourth quarter that beat analysts’ forecasts and revenue that fell short of expectations.

Chevron announced earnings per share of $1.49 on revenue of $36.35B. Analysts polled by Investing.com anticipated EPS of $1.45 on revenue of $38.1B. That with comparison to EPS of $1.95 on revenue of $42.35B in the same period a year before. Chevron had reported EPS of $1.4 on revenue of $36.12B in the previous quarter. Analysts are expecting EPS of $1.67 and revenue of $38.44B in the upcoming quarter.

Chevron shares are down 7% from the beginning of the year , still down 12.52% from its 52 week high of $127.34 set on April 8, 2019. They are under-performing the S&P Global (NYSE:) 100 which is down 0% year to date.

Chevron shares lost 0.36% in pre-market trade following the report.

Chevron follows other major Energy sector earnings this month

Chevron’s report follows an earnings missed by Exxon Mobil on Friday, who reported EPS of $0.41 on revenue of $67.17B, compared to forecasts EPS of $0.48 on revenue of $64.29B.

Royal Dutch Shell B ADR had missed expectations on Thursday with fourth quarter EPS of $0.74 on revenue of $84.01B, compared to forecast for EPS of $0.81 on revenue of $81.73B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

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