Chevron Announces First Quarter 2021 Results

Source: www.gulfoilandgas.com 4/30/2021, Location: North America

- Earnings of $1.4 billion; adjusted earnings of $1.7 billion
- Capital spending down 43 percent from prior year
- Cash flow from operations of $4.2 billion
- Free cash flow excluding working capital of $3.4 billion

Chevron Corporation (CVX) reported earnings of $1.4 billion ($0.72 per share - diluted) for first quarter 2021, compared with $3.6 billion ($1.93 per share - diluted) in first quarter 2020. Included in the current quarter were pension settlement costs and legal reserves totaling $351 million. Foreign currency effects decreased earnings by $2 million. Adjusted earnings of $1.7 billion ($0.90 per share - diluted) in first quarter 2021 compares to adjusted earnings of $2.5 billion ($1.31 per share - diluted) in first quarter 2020. For a reconciliation of adjusted earnings/(loss).

Sales and other operating revenues in first quarter 2021 were $31 billion, compared to $30 billion in the year-ago period.


Tanzania >>  6/15/2021 - Helium One is pleased to announce the award of management stock options.

The board of Helium One recognises the exceptional performance of...

Bermuda >>  6/11/2021 - Seadrill Limited (“Seadrill”) (SDRLF) and the Issuer announce that restructuring discussions have continued with certain holders (the “Noteholders”) o...

Brazil >>  6/11/2021 - Petrobras, in addition to the statement released on June 8, 2021, informs that it has concluded the global bond repurchase offer made by its wholly ow...
United Kingdom >>  6/11/2021 - EnQuest PLC (together with its subsidiaries, “EnQuest”) is pleased to announce it has signed a new senior secured borrowing base debt facility (the ‘n...

Brazil >>  6/10/2021 - Petrobras informs that today, through its wholly-owned subsidiary Petrobras Global Finance BV (PGF), it concluded the offer of bonds in the internatio...
Sweden >>  6/9/2021 - Northvolt has announced the signing of a $2.75 billion private placement to finance further battery cell production capacity and R&D efforts in order ...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.