Chevron Profit Doubles on Oil Prices and Asset Sales

Chevron Corporation (NYSE:CVX) reported net income of $7.83 billion, or $3.92 per share.  This is an increase from $3.77 billion or $1.87 per share for the year earlier period.  Expectations were for a profit of $3.47 per share.

Chevron Corp Earnings Cheat Sheet: Revenue and Net Income Grow>>

The company announced that $500 million of its revenue occurred due to the sale of a Welsh refinery and related assets to Valero Energy Corp. (NYSE:VLO).

Following is some information on the company’s stock price performance, along with that of some of its competitors.

  • Chevron Corporation (NYSE:CVX): The shares recently traded at $109.68, up $0.41, or 0.38%, on the day.  The shares have traded in a 52-week range of $80.41 to $110.01 and its market capitalization is $219.17 billion.  About the company: Chevron Corporation is an integrated energy company with operations in countries located around the world.  The Company produces and transports crude oil and natural gas.  Chevron also refines, markets, and distributes fuels as well as is involved in chemical operations, mining operations, power generation and energy services.
  • Exxon Mobil Corporation (NYSE:XOM): The shares recently traded at $81.83, down $0.05, or 0.06%, on the day.  The shares have traded in a 52-week range of $65.99 to $88.23 and its market capitalization is $397.96 billion.  About the company: Exxon Mobil Corporation operates petroleum and petrochemicals businesses on a worldwide basis.  The Company’s operations include exploration and production of oil and gas, electric power generation, and coal and minerals operations.  Exxon Mobil also manufactures and markets fuels, lubricants, and chemicals.
  • Marathon Oil Corporation (NYSE:MRO): The shares recently traded at $28.07, up $0.31, or 1.12%, on the day.  The shares have traded in a 52-week range of $19.13 to $54.33 and its market capitalization is $20.04 billion.  About the company: Marathon Oil Corporation, through its subsidiaries, is an integrated oil firm with operations worldwide.  The Company explores for and produces and markets liquid hydrocarbons and natural gas on a worldwide basis.  Marathon also mines, extracts and transports bitumen from oil sands deposits in Alberta, Canada and refines, markets and transports crude oil and petroleum products.
  • ConocoPhillips (NYSE:COP): The shares recently traded at $72.27, down $1.38, or 1.86%, on the day.  The shares have traded in a 52-week range of $58.37 to $81.80 and its market capitalization is $101.85 billion.  About the company: ConocoPhillips is an international, integrated energy company which operates in several business segments.  The Company explores for and produces petroleum and refines, markets, supplies, and transports petroleum.  ConocoPhillups also gathers and processes natural gas, and produces and distributes chemicals and plastics.
  • TOTAL S.A. (NYSE:TOT): The shares recently traded at $54.33, down $1.33, or 2.43%, on the day.  The shares have traded in a 52-week range of $40 to $64.44 and its market capitalization is $122.18 billion. About the company: Total SA explores for, produces, refines, transports, and markets oil and natural gas.  The Company also operates a chemical division which produces polypropylene, polyethylene, polystyrene, rubber, paint, ink, adhesives, and resins.  Total operates gasoline filling stations in Europe, the United States, and Africa.

(Note: Selected financial data are sourced from Google Finance.  All data are assumed to be accurate.)

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