Chevron Reports Third Quarter Net Income Of $5.0 Billion

Chevron Corporation (NYSE: CVX) today reported earnings of $5.0 billion ($2.57 per share – diluted) for the third quarter 2013, compared with $5.3 billion ($2.69 per share – diluted) in the 2012 third quarter.

Sales and other operating revenues in the third quarter 2013 were $57 billion, compared to $56 billion in the year-ago period.
 

Earnings Summary
       
Three Months Nine Months
Ended Sept. 30     Ended Sept. 30
Millions of dollars     2013     2012     2013     2012
Earnings by Business Segment        
Upstream $ 5,092 $ 5,139 $ 15,957 $ 16,930
Downstream 380 689 1,847 3,374
All Other       (522 )       (575 )       (1,311 )       (1,370 )
Total (1)(2)     $ 4,950       $ 5,253       $ 16,493       $ 18,934  

(1) Includes foreign currency effects
$ (276 ) $ (293 ) $ 272 $ (323 )

(2) Net income attributable to Chevron Corporation (See Attachment 1)
 

“Our third quarter earnings were down from a year ago,” said Chairman and CEO John Watson, “primarily reflecting lower margins for refined products in the current period.”

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