Chevron Q1 Earnings: Revenues And Earnings Suffer, Cash Outflows Still Greater Than Inflows, Company Cuts Capex

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CVX: Chevron logo
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Chevron

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.

CVX Earnings Q1 2016 (1)

Chevron’s cash outflows exceeded cash inflows during Q1 2016.

Chevron Q1 Reporting

Chevron Q1 Reporting

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CVX Earnings Q1 2016 (4)

 

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Notes:

1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Chevron
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Notes:
  1. 1Q 2016 Chevron Earnings Conference Call, 29 April, 2016, Chevron Press Release []