Chevron' bottom line in free fall

The US oil company took a hard blow in the fourth quarter, making a big dent in the annual result.

Photo: Lucy Nicholson/Reuters/Ritzau Scanpix

BY RITZAU FINANS & ENERGYWATCH

US-based oil and gas supermajor Chevron exited the fourth quarter with an adjusted per-share result of USD 1.49 against the prior outlook of USD 1.45, reports Bloomberg News.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

Exxon Mobil's net profit down one third last year
For subscribers
Lundin exceeds expectations
For subscribers
Dark clouds over Shell's 2019
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Renewables

NKT lands its largest order to date

The Danish power cable manufacturer has landed five orders, worth approximately EUR 3.5bn

For subscribers

Cleantech

Floating Power Plant: Our competitors make floating wind not wave power

For subscribers

The Danish turbine manufacturer will supply almost 1.2GW to Baltic Power. | Foto: Illustration: Vestas

Renewables

Vestas confirms giant order for offshore wind turbines

For subscribers

Lisbeth Knudsen will head Niras' board of directors. | Photo: Keen Heick-abildhauge

Policy & Trading

Niras appoints experienced media profile as chairperson

For subscribers

Power launched in Denmark in 2015, and two years later, the electronics chain expanded to Norway. The chain is also represented with stores in Finland. | Photo: Valdemar Ren

Utilities

Danish retail chain Power to invest heavily in electricity trading through new Norwegian company

For subscribers

Renewables

India prepares 7.2GW offshore wind tender plan

For subscribers

Oil supermajor Saudi Aramco enters LNG
Saudi Aramco invests USD 500m in Midocean energy, an energy company focused on liquefied natural gas.
For subscribers
Ørsted completes 200MW wind farm in Kansas
The utility company’s 13th wind farm in the US is now up and running.
For subscribers
Copenhagen Energy on new PtX venture: We know it's risky
Copenhagen Energy is now preparing for a major green fuel project, but admits that the project is at the risky end of the spectrum.
For subscribers
Billionaire family bets on energy trading
The family has made its fortune in oil and is now increasing its focus on energy trading.
For subscribers
Analyst: Ørsted management must restore confidence
Ørsted needs to rebuild confidence after a surprising downgrade and drop its long-term growth plans, says Nykredit analyst, while an SEB analyst has faith in the company in the long term.
For subscribers
Vestas analyst expects "quite a few orders" in the coming days - US orders stand out
So far, Vestas has announced 1499 megawatts in unconditional contracts in the quarter, of which the US accounts for 1004.

Floating Power Plant: Our competitors make floating wind not wave power

The Lolland-based company has its eyes set on foreign markets, which are expected to take off in the coming years. Combination product will sweep competitors off their feet, explains its CEO.

For subscribers

Renewables

All hydrogen stations in Denmark will close

”We can’t justify throwing more money at subsidizing hydrogen alone,” states Everfuel’s CEO, who doesn’t want to kill off hydrogen’s future in passenger cars.

For subscribers