Chevron’s Q4 Earnings Miss Forecast as Refining Swings to Loss

Chevron Corporation (NYSE: CVX) booked lower-than-expected earnings for the fourth quarter as weak refining margins and sales resulted in the first loss in its refining division in four years. Chevron said on Friday that its adjusted earnings came in at $3.6 billion, or $2.06 per share, for the fourth quarter 2024. This is down from the adjusted earnings of $6.5 billion, or $3.45 per share, for the same period of 2023, and lower than the $2.11 earnings per share expected in the analyst consensus in The Wall Street Journal. While Chevron’s…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com