Chevron Reports Third Quarter Net Income of $2.0 Billion
San Ramon, Calif., Oct. 27, 2017 – Chevron Corporation (NYSE: CVX) today reported earnings of $2.0 billion ($1.03 per share – diluted) for third quarter 2017, compared with $1.3 billion ($0.68 per share – diluted) in the third quarter of 2016. Included in the quarter was a gain on an asset sale of $675 million and an asset write-off of $220 million. Foreign currency effects decreased earnings in the 2017 third quarter by $112 million, compared with an increase of $72 million a year earlier.
Sales and other operating revenues in third quarter 2017 were $34 billion, compared to $29 billion in the year-ago period.
Published: October 2017