USA: Chevron Issues Interim Update for Fourth Quarter 2010
Corporation today reported in its interim update that earnings for the fourth quarter 2010 are expected to be higher than in the third quarter 2010.
Upstream results are projected to improve between sequential quarters, benefiting from higher crude oil prices and increased liquids liftings. Downstream earnings in the fourth quarter are also expected to be higher, reflecting a gain on an asset sale.
Basis for Comparison in Interim Update
The interim update contains certain industry and company operating data for the fourth quarter 2010. The production volumes, realizations, margins and certain other items in the report are based on a portion of the quarter and are not necessarily indicative of Chevron’s quarterly results to be reported on January 28, 2011. The reader should not place undue reliance on this data.
Unless noted otherwise, all commentary is based on two months of the fourth quarter 2010 versus full third quarter 2010 results.
For Full Report Click Here.
[mappress]
Source:Chevron, January 12, 2011
List of related news articles
-
Posted: 11 days ago
James Fisher ups outlook on better Q4
Marine services player James Fisher and Sons has upgraded its outlook on annual performance followin...
Posted: 11 days ago -
Posted: about 1 month ago
Chevron's new budget for 2021 well below prior guidance
Chevron revealed a 2021 organic capital and exploratory spending program of $14 billion and lowered ...
Posted: about 1 month ago -
Posted: 3 days ago
Chevron backs carbon capture startup
Chevron has made an investment in Blue Planet, a startup that manufactures and develops carbonate ag...
Posted: 3 days ago -
Posted: about 1 month ago
Chevron makes leadership changes and adds new board member
U.S. oil major Chevron has made a couple of leadership changes and added a new member to its board o...
Posted: about 1 month ago