Chevron Q1 Earnings: Revenues And Earnings Suffer, Cash Outflows Still Greater Than Inflows, Company Cuts Capex
Chevron (NYSE:CVX) released its 2016 first quarter earnings report recently. [1] The company’s upstream price realizations continue to suffer due to the prevalent low oil price environment. As a result, Chevron’s revenues and earnings have taken a massive hit in the first quarter. The following table provides an overview of the company’s earnings.
Chevron’s cash outflows exceeded cash inflows during Q1 2016.
Have more questions about Chevron? See the links below:
- What’s Chevron’s Revenue & Earnings Breakdown In Terms of Different Products?
- What’s Chevron’s Fundamental Value Based On Expected 2016 Results?
- What Has Led To More Than 30% Decline In Chevron’s Revenues & EBITDA In The Last Five Years?
- How Has Chevron’s Revenue Composition Changed In The Last Five Years?
- By What Percentage Can Chevron’s Revenues Grow Over the Next Five Years?
- Why Crude Oil & NGLs Operations are 3x As Valuable As Refined Products Operations For Chevron?
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Notes:- 1Q 2016 Chevron Earnings Conference Call, 29 April, 2016, Chevron Press Release [↩]