Categories AlphaGraphs, Earnings, Energy

Infographic: Highlights of Chevron (CVX) Q1 2020 earnings results

Chevron Corporation (NYSE: CVX) reported a 36% jump in earnings for the first quarter of 2020 driven by the inclusion of a gain associated with the sale of upstream assets in the Philippines and favorable tax items attributable to international upstream. However, top-line fell by 11%.

Chevron (CVX) Q1 2020 earnings review

The commodity prices fell significantly in March and the weakness continued into the second quarter, primarily due to reduced demand resulting from the COVID-19 pandemic. Financial results in future periods are expected to be depressed as long as current market conditions persist.

Chevron is further reducing its 2020 capital expenditure guidance by up to $2 billion to $14 billion. In addition, the company estimates that 2020 operating costs will decrease by $1 billion. This follows the previously announced suspension of share repurchases and the completion of additional asset sales.

Past Performance

Most Popular

ExxonMobil (XOM) Earnings: Q2 numbers top expectations

Energy giant ExxonMobil Corporation (NYSE: XOM) reported a profit for the second quarter of 2021, compared to a loss last year, even as operating conditions continued to improve. The results

Caterpillar reports a 29% rise in revenue in Q1

Caterpillar Inc (NYSE: CAT) reported second-quarter 2021 financial results before the regular market hours on Friday. The manufacturer of construction machinery and equipment reported Q2 revenue of $12.9 billion, up

Key highlights from Chevron (CVX) Q2 2021 earnings results

Chevron Corporation (NYSE: CVX) reported second-quarter 2021 earnings results today. Total revenues amounted to $37.5 billion compared to $13.4 billion in the year-ago period. The reported net income was $3.1

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top