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Chevron Q3 earnings $0.68, revenues $29 billion

Staff Writer | October 28, 2016
Chevron Corporation reported earnings of $1.3 billion ($0.68 per share – diluted) for third quarter 2016, compared with earnings of $2 billion ($1.09 per share – diluted) in the third quarter of 2015.
Chevron Corporation
Chevron   The board approved a $0.01 per share increase
Foreign currency effects increased earnings in the 2016 third quarter by $72 million, compared with an increase of $394 million a year earlier.

Sales and other operating revenues in third quarter 2016 were $29 billion, compared to $33 billion in the year-ago period.

POST forecasted: EPS $0.45, revenue $29 billion.

The board approved a $0.01 per share increase in the quarterly dividend to $1.08 per share, payable in December 2016.

With this increase, the company has raised the annual dividend payout on its common shares for the 29th consecutive year.


 

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