Company News: Chevron (CVX) quarterly revenues miss analysts’ estimates

Market news

2 February 2018

Company News: Chevron (CVX) quarterly revenues miss analysts’ estimates

Chevron (CVX) reported Q4 FY 2017 earnings of $1.64 per share (versus $0.22 in Q4 FY 2016), may not be comparable to the analysts' consensus estimate of $1.24.

The company's quarterly revenues amounted to $37.616 bln (+19.4% y/y), missing analysts' consensus estimate of $38.425 bln.

The company's Board of Directors also approved a $0.04 per share increase in the quarterly dividend to $1.12 per share, payable in March 2018.

CVX fell to $122.12 (-2 75%) in pre-market trading.

Downgrades before the market open

U.S average hourly earnings rose 0.3% in January, as expected

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