Friday, July 31, 2015

90% drop in quarterly earnings Chevron – Challenges.fr

(Reuters) – Chevron announced Friday that earnings fell 90% in the second quarter as a result of crude prices downshift

The net profit was $ 571 million, or 30. cents per share, against 5.67 billion (2.98 dollars) a year earlier.

The Thomson Reuters consensus I / B / E / S gave earnings per share of 30 cents.

Production increased from 2% to 2.6 million barrels of oil equivalent per day (bepj).

The quarterly revenue stood at $ 37 billion, well above the Thomson Reuters consensus I / B / E / S which gave it 30.91 billion.

The precise oil that currency effects reduced earnings by $ 251 million during the quarter against a withdrawal 232 million a year earlier.

He added that the quarter under review includes writedowns of $ 1.96 billion and expenses of approximately $ 670 million.

The action loses 1.9% to 91.25 dollars in pre-market.

(Schneyder Ernest, Wilfrid Exbrayat for the French service)

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