Chevron Q3 earnings $0.68, revenues $29 billionStaff 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 The board approved a $0.01 per share increase
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. ■