Chevron Corporation reported earnings of $3.5 billion ($1.85 per share – diluted) for fourth quarter 2014, compared with $4.9 billion ($2.57 per share – diluted) in the 2013 fourth quarter. Foreign currency effects increased earnings in the 2014 quarter by $432 million, compared with an increase of $202 million a year earlier.
Full-year 2014 earnings were $19.2 billion ($10.14 per share – diluted) compared with $21.4 billion ($11.09 per share – diluted) in 2013.
Sales and other operating revenues in fourth quarter 2014 were $42 billion, compared to $54 billion in the year-ago period.
About Chevron
Chevron (NYSE: CVX) is one of the world's leading integrated energy companies, with subsidiaries that conduct business worldwide. The company is involved in virtually every facet of the energy industry. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemical products; generates power and produces geothermal energy; and develops the energy resources of the future, including biofuels. Chevron is based in San Ramon, Calif.