Chevron Announces First Quarter 2020 Results
Chevron Corporation (CVX)
Last chevron corporation earnings: 5/1 06:45 am
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Source: Business Wire
First quarter earnings of $3.6 billionCash flow from operations of $4.7 billionTaking actions to protect the dividend, sustain long-term value and preserve cashFurther reducing 2020 capital expenditure guidance to as low as $14 billionCompleted asset sales in the Philippines and Azerbaijan SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today reported earnings of $3.6 billion ($1.93 per share - diluted) for first quarter 2020, compared with earnings of $2.6 billion ($1.39 per share - diluted) in the first quarter 2019. Included in the current quarter was a gain of $240 million associated with the sale of upstream assets in the Philippines and favorable tax items totaling $440 million attributable to international upstream. Foreign currency effects increased earnings in the first quarter 2020 by $514 million.Sales and other operating revenues in first quarter 2020 were $30 billion, compared to $34 billion in the year-ago period.Earnings Summary Three MonthsEnded
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