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Chevron Reports Fourth Quarter Loss of $588 Million And 2015 Earnings of $4.6 Billion
Fourth quarter earnings include impairments and other charges of $1.1 billion | 107 percent oil and gas reserves replacement

San Ramon, Calif., January 29, 2016 Chevron Corporation (NYSE: CVX) today reported a loss of $588 million ($0.31 per share diluted) for fourth quarter 2015, compared with earnings of $3.5 billion ($1.85 per share diluted) in the 2014 fourth quarter. Foreign currency effects increased earnings in the 2015 quarter by $46 million, compared with an increase of $432 million a year earlier.

Full-year 2015 earnings were $4.6 billion ($2.45 per share diluted) compared with $19.2 billion ($10.14 per share diluted) in 2014.

Sales and other operating revenues in fourth quarter 2015 were $28 billion, compared to $42 billion in the year-ago period.

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Source: http://www.chevron.com/chevron/pressreleases/article/01292016_chevronreportsfourthquarterlossof588millionand2015earningsof46billion.news

 

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