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Chevron Corporation Q4 loss $588 million

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Staff writer ▼ | January 30, 2016
Chevron Corporation reported a loss of $588 million ($0.31 per share – diluted) for fourth quarter 2015.
Chevron Corporation   Full-year 2015 earnings were $4.6 billion
This compares 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.

The company added approximately 1.02 billion barrels of net oil-equivalent proved reserves in 2015. These additions, which are subject to final reviews, equate to approximately 107 percent of net oil-equivalent production for the year.

The largest additions were from production entitlement effects in several locations and drilling results for the Permian Basin in the United States and the Wheatstone Project in Australia.

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