This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Chevron Reports Fourth Quarter Net Income Of $7.2 Billion And 2012 Earnings Of $26.2 Billion

The company’s average sales price per barrel of crude oil and natural gas liquids was $91 in the fourth quarter 2012, down from $101 a year ago. The average sales price of natural gas was $3.22 per thousand cubic feet, compared with $3.62 in last year’s fourth quarter.

Net oil-equivalent production of 674,000 barrels per day in the fourth quarter 2012 increased 13,000 barrels per day, or 2 percent, from a year earlier. The increase in production was primarily due to further ramp-up of projects in the Gulf of Mexico and the recently-acquired Delaware Basin properties, partially offset by an absence of volumes associated with Cook Inlet, Alaska, assets sold in 2011. The net liquids component of oil-equivalent production increased 3 percent in the 2012 fourth quarter to 462,000 barrels per day, while net natural gas production decreased 1 percent to 1.27 billion cubic feet per day.
 

International Upstream
  Fourth Quarter   Year
Millions of Dollars   2012   2011   2012   2011
Earnings*   $ 5,495     $ 4,132     $

18,456
    $ 18,274
*Includes foreign currency effects $ (34 )   $ (3 )   $ (275 )   $ 211
 

International upstream earnings of $5.5 billion increased $1.4 billion from the fourth quarter 2011. The increase between quarters primarily reflected a gain of approximately $1.4 billion on an asset exchange in Australia. Foreign currency effects decreased earnings by $34 million, compared with a decrease of $3 million a year earlier.

4 of 9

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,598.20 -91.66 -0.52%
S&P 500 2,098.04 -5.80 -0.28%
NASDAQ 5,115.3820 -12.8990 -0.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs