Investing.com - Chevron (NYSE:CVX) reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Chevron announced earnings per share of $-0.01 on revenue of $25.25B. Analysts polled by Investing.com anticipated EPS of $0.0926 on revenue of $25.97B.
Chevron shares are up 5% from the beginning of the year and are trading at $89.51 , down-from-52-week-high.They are outperforming the Dow Jones which is down 0.01% from the start of the year.
Chevron shares gained 0.55% in pre-market trade following the report.
Chevron follows other major Energy sector earnings this month
Chevron's report follows an earnings beat by Schlumberger on Friday, January 22, 2021, who reported EPS of $0.22 on revenue of $5.53B, compared to forecasts EPS of $0.1735 on revenue of $5.24B.
Valero Energy had beat expectations on Thursday with fourth quarter EPS of $-1.06 on revenue of $16.6B, compared to forecast for EPS of $-1.3 on revenue of $15.4B.
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