Chevron: beats consensus in Q4
(CercleFinance.com) - Chevron has reported net income of 3.
1 billion dollars for Q4 2017, up from 415 million dollars a year ago. EPS reached 1.64 dollar, while the consensus was only expecting 1.23 dollar.
This improvement mainly reflects a 2.02 billion dollar gain resulting from the US tax reform, while petroleum and gas revenues increased by 20% to 36 billion dollars.
With FY 2017 EPS of 4.85 dollars, with the group boasting a reserve replacement rate of 150%, Chevron has announced a four-cent increase in its quarterly dividend per share to 1.12 dollar.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
1 billion dollars for Q4 2017, up from 415 million dollars a year ago. EPS reached 1.64 dollar, while the consensus was only expecting 1.23 dollar.
This improvement mainly reflects a 2.02 billion dollar gain resulting from the US tax reform, while petroleum and gas revenues increased by 20% to 36 billion dollars.
With FY 2017 EPS of 4.85 dollars, with the group boasting a reserve replacement rate of 150%, Chevron has announced a four-cent increase in its quarterly dividend per share to 1.12 dollar.
Copyright (c) 2018 CercleFinance.com. All rights reserved.