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Chevron Expects First Quarter Earnings To Decline On Lower Production, Thinner Margins

5 years ago|14 views
Chevron expects its first quarter earnings to be lower compared to the same period last year due to lower production, thinner margins, foreign-currency fluctuations, and impairment charges related to its mining operations. However, earnings adjusted for non-operating items are expected to be at par with its 2013 fourth quarter results, when it reported a net income of $2.57 per share.