Chevron (NYSE:CVX) reported third quarter earnings that missed analysts' expectations on Friday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.36 on revenue of $36.12B. Analysts polled by anticipated EPS of $1.49 on revenue of $38.84B. That compared to EPS of $2.39 on revenue of $43.99B in the same period a year earlier. The company had reported EPS of $2.28 on revenue of $38.85B in the previous quarter.
Chevron shares lost 0.98% to trade at $115.00 in pre-market trade following the report.
Chevron follows other major Energy sector earnings this month
On Friday, Exxon Mobil reported third quarter EPS of $0.68 on revenue of $65.05B, compared to forecasts of EPS of $0.67 on revenue of $62.31B.
Royal Dutch Shell B ADR earnings beat analysts' expectations on Thursday, with third quarter EPS of $1.18 on revenue of $86.59B. analysts expected EPS of $0.99 on revenue of $78.16B
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