Chevron's fourth-quarter profit rises 42%Stories You Might Like
NEW YORK (MarketWatch) - Chevron Corp. /quotes/zigman/289939/quotes/nls/cvx CVX -1.12% said fourth-quarter net profit rose to $7.25 billion, or $3.70 per diluted share, from $5.12 billion, or $2.58 per share a year earlier. The San Ramon, Calif.-based energy company said revenue fell to $56.3 billion from $58 billion. Analysts polled by FactSet had expected earnings of $3.06 a share. "Strong cash flows allowed us to invest aggressively in our major capital projects and to acquire several important, new resource opportunities," said John Watson, chief executive officer.
/quotes/zigman/289939/quotes/nls/cvx Add to portfolio CVX Chevron Corp. US : U.S.: NYSE $ 115.15 -1.30 -1.12% Volume: 27,216Jan. 31, 2013 3:59pP/E Ratio9.45Dividend Yield3.13%Market Cap$225.37 billionRev. per Employee$3.78M