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SAN RAMON — Chevron Corp. (CVX) on Friday reported first-quarter earnings of $3.64 billion.
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SAN RAMON — Chevron Corp. (CVX) on Friday reported first-quarter earnings of $3.64 billion.
On a per-share basis, the San Ramon, California-based company said it had net income of $1.90.
The results surpassed Wall Street expectations, but Chevron does not adjust its reported results based on one-time events such as asset sales. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.45 per share.
The oil company posted revenue of $37.76 billion in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $38.74 billion.
Chevron shares have declined roughly 1 percent since the beginning of the year, while the Standard & Poor’s 500 index has stayed nearly flat. The stock has risen 17 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CVX at https://www.zacks.com/ap/CVX
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Dirk van Ulden said:
Dirk van Ulden said:
CAIB - actually it is the DOJ which is looking into it. Our local hero, Harmeet Dillon, is heading it up.
CA Is Burning said:
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