Company News: Chevron (CVX) posts surprise quarterly profit

Market news

30 October 2020

Company News: Chevron (CVX) posts surprise quarterly profit

Chevron (CVX) reported Q3 FY 2020 earnings of $0.11 per share (versus $1.36 per share in Q3 FY 2019), better than analysts’ consensus estimate of -$0.27 per share.

The company’s quarterly revenues amounted to $24.451 bln (-32.3% y/y), missing analysts’ consensus estimate of $26.339 bln.

CVX fell to $68.65 (-0.22%) in pre-market trading.

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