Chevron's net profit in the IV quarter fell to $ 3.47 billion, or $ 1.85 per share
January 30, 2015
The second oil company by market capitalization in the US and third in the world Chevron Corp. reduced net income in the fourth quarter of 2014 to a minimum of five years amid falling oil prices. According to a press release, Chevron's net profit in the IV quarter fell to $ 3.47 billion, or $ 1.85 per share, compared with $ 4.93 billion, or $ 2.57 per share for the same period 2013.
Quarterly revenue, taking into account income from investments in subsidiaries and associated companies, fell to $ 56.16 billion. To $ 46.1 billion. Analysts polled by FactSet, on average, were expecting profit of $ 1.64 per share in the revenue to $ 35.82 billion. in total, in 2014 the company made a profit of $ 19.24 billion. $ 21.42 versus a year earlier, while revenue fell to $ 200, 5 billion. from $ 220, 16 billion.
Guide Chevron decided to reduce kapzatraty in 2015 by 13% to $ 35 billion, while experts predicted a significant reduction - 15%. Chevron in the fourth quarter of extracted oil and gas in the amount of 2,58 million. Barrels of oil equivalent per day, the rate remained unchanged in annual terms. Chevron profit in upstream (exploration and production) in the last quarter fell to $ 2.67 billion from $ 4.85 mlrd.V segment downstream (refining and marketing) worldwide company made a profit of $ 1.52 billion versus $ 390 million a year earlier.
The average sales price of oil in the IV quarter was $ 68 per barrel to $ 101 a barrel a year earlier, natural gas - $ 5.38 for 1 thousand. Cubic feet compared with $ 5.75 in the prior year. Chevron shares fell 1.7% in the previous auction on Friday on the Stock Exchange in New York. Over the past three months, the company's capitalization decreased by 12% against the growth index Standard & Poor's 500 by 1.3%.
January 30, 2015
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