chevron announces fourth quarter 2020 results
San Ramon, Calif., January 29, 2021 – Chevron Corporation (NYSE: CVX) today reported a loss of $665 million ($(0.33) per share - diluted) for fourth quarter 2020, compared with a loss of $6.6 billion ($(3.51) per share - diluted) in fourth quarter 2019. Included in the current quarter was a charge of $120 million associated with Noble Energy, Inc. acquisition costs. Foreign currency effects decreased earnings by $534 million. Adjusted loss of $11 million ($(0.01) per share - diluted) in fourth quarter 2020 compares to adjusted earnings of $2.8 billion ($1.49 per share - diluted) in fourth quarter 2019.
Chevron reported a full-year 2020 loss of $5.5 billion ($(2.96) per share - diluted), compared with earnings of $2.9 billion ($1.54 per share - diluted) in 2019. Included in 2020 were net charges for special items of $4.5 billion, compared to net charges of $8.7 billion for special items in 2019. Foreign currency effects decreased earnings in 2020 by $645 million. Adjusted loss of $368 million ($(0.20) per share - diluted) in full-year 2020 compares to adjusted earnings of $11.9 billion ($6.27 per share - diluted) in full-year 2019. For a reconciliation of adjusted earnings/(loss), see Attachment 5.
Sales and other operating revenues in fourth quarter 2020 were $25 billion, compared to $35 billion in the year-ago period.
chevron to acquire full ownership of beyond6 CNG fueling network
november 17, 2022
pertamina, keppel infrastructure, and chevron sign agreement to explore development of green hydrogen and ammonia projects
november 10, 2022
chevron and MOL to study CO2 shipping from singapore to australia
november 09, 2022
chevron and JERA advance lower carbon solutions in asia pacific and the U.S.
november 07, 2022
chevron email updates
Subscribe to our newsletter to receive news & updates.