Chevron announced earnings per share of $-0.01 on revenue of $25.25B. Analysts polled by Investing.com anticipated EPS of $0.0926 on revenue of $25.97B.
Chevron shares are up 5% from the beginning of the year, still down 20.94% from its 52 week high of $112.60 set on February 12, 2020. They are outperforming the Dow Jones which is down 0.01% from the start of the year.
Chevron shares gained 0.55% in pre-market trade following the report.
Chevron’s report follows an earnings beat by Schlumberger on January 22, who reported EPS of $0.22 on revenue of $5.53B, compared to forecasts EPS of $0.1735 on revenue of $5.24B.
Valero Energy had beat expectations on Thursday with fourth quarter EPS of $-1.06 on revenue of $16.6B, compared to forecast for EPS of $-1.3 on revenue of $15.4B.
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