Investing.com - Chevron (NYSE:CVX) reported third quarter earnings that beat analyst's expectations on Friday and revenue that fell short of forecasts.
The firm reported earnings per share of $2.11 on revenue of $44B. Analysts polled by Investing.com forecast EPS of $2.09 on revenue of $46.36B. That compared to EPS of $0.85 on revenue of $34.09B in the same period a year earlier. The company had reported EPS of $1.78 on revenue of $42.24B in the previous quarter.
For the year, Chevron shares are down 11.2%, under-performing the S&P Global (NYSE:SPGI) 100 which is down 0.15% year to date.
Chevron follows other major Energy sector earnings this month
On Friday, Exxon Mobil (NYSE:XOM) reported third quarter EPS of $1.46 on revenue of $76.6B, compared to forecasts of EPS of $1.22 on revenue of $75.2B.
Royal Dutch Shell (LON:RDSa) B ADR earnings missed analyst's expectations on Thursday, with third quarter EPS of $1.36 on revenue of $100.15B. Investing.com analysts expected EPS of $1.48 on revenue of $92.05B
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