Investing.com - Chevron reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Chevron announced earnings per share of $2.56 on revenue of $48.13B. Analysts polled by Investing.com anticipated EPS of $3.1 on revenue of $44.68B.
Chevron shares are up 15% from the beginning of the year , still down 1.19% from its 52 week high of $137.00 set on Thursday, January 27, 2022. They are outperforming the Dow Jones which is down 5.99% year to date.
Chevron follows other major Energy sector earnings this month
Chevron's report follows an earnings beat by Schlumberger on Friday, January 21, 2022, who reported EPS of $0.41 on revenue of $6.23B, compared to forecasts EPS of $0.389 on revenue of $6.09B.
Kinder Morgan had beat expectations on Wednesday, January 19, 2022 with fourth quarter EPS of $0.27 on revenue of $4.43B, compared to forecast for EPS of $0.2524 on revenue of $3.61B.
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