Investing.com- Chevron (NYSE :) reported on Friday of the fourth quarter that it missed analysts’ forecasts and lower-than-expected earnings.
Chevron has announced earnings per share of $ -0.01 for revenue of $ 2.525 billion. Analysts surveyed by Investing.com expected an EPS of $ 0.0926 for a revenue of $ 2.597 billion.
Chevron shares have risen 5% since the beginning of the year, down 20.94% from the 52-week high of $ 112.60 set on February 12, 2020. It surpasses the Dow Jones, which has fallen 0.01% since the beginning of the year.
After reporting, Chevron shares rose 0.55% in pre-market trading.
Chevron follows revenues from other major energy sectors this month
Chevron’s report is after Schlumberger reported $ 0.22 EPS with $ 5.53 billion in revenue on January 22, while reporting $ 0.1735 EPS with $ 5.24 billion in revenue. ..
Valero Energy was better than expected on Thursday, with EPS forecasting $ 16.6 billion in revenue at $ 1.06 in the fourth quarter, while EPS forecasting revenue of $ 15.4 billion and $ 1.3.
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Chevron Revenue, Investing.com Revenue Mistake in Q4
https://www.investing.com/news/stock-market-news/chevron-earnings-revenue-miss-in-q4-2403262 Chevron Revenue, Investing.com Revenue Mistake in Q4