Chevron Reports Third Quarter Earnings of $1.87 Per Share

Before you go, we thought you'd like these...
Before you go close icon
Chevron Corp. (CVX) reported earnings of $1.87 for the quarter, down from $1.92 a year earlier. The 2009 results were boosted by upstream asset sales and discrete tax items.

Sales and other operating revenues were $48 billion in the third quarter of 2010, compared with $45 billion a year earlier, the company said in a statement. The increase was largely due to higher prices for crude oil, natural gas and refined products.

Sponsored Links
Earnings for the first nine months of 2010 were $6.84 per share, compared with $3.71 per share for the first nine months of 2009.

"Earnings for the quarter were essentially flat with a year ago, but up sharply for nine months. Operationally, we continue to show gains in upstream production and progress on our downstream restructuring," CEO John Watson said.

Chevron will begin repurchasing common stock in the fourth quarter. The repurchase program targets a repurchase rate of $500 million to $1 billion a quarter.
Read Full Story

Markets

S&P 500 2,348.69 -7.15 -0.30%
DJIA 20,547.76 -30.95 -0.15%
NASDAQ 5,910.52 -6.26 -0.11%
DAX 12,048.57 21.25 0.18%
NIKKEI 225 18,877.06 256.31 1.38%
HANG SENG 24,068.27 26.25 0.11%
USD (per EUR) 1.09 0.00 -0.18%
USD (per CHF) 1.00 0.00 0.40%
JPY (per USD) 110.21 0.24 0.22%
GBP (per USD) 1.28 0.00 -0.24%

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners

A Holocaust Survivor Found These Old Photographs - And Solved A Decades-Old Mystery A Holocaust Survivor Found These Old Photographs - And Solved A Decades-Old Mystery
Don't Get Too Close To a Newborn Giraffe Unless You Want to Get Kicked in the Nuts Don't Get Too Close To a Newborn Giraffe Unless You Want to Get Kicked in the Nuts
Man Finds 5 Abandoned 'Puppies' In His Garden - Then Quickly Realizes He Made A Big Man Finds 5 Abandoned 'Puppies' In His Garden - Then Quickly Realizes He Made A Big