Chevron: Q4 EPS above expectations

(CercleFinance.com) - Chevron has reported Q4 2018 net income of 3.
7 billion dollars, up from 3.1 billion dollars a year ago.

EPS reaches 1.95 dollar, which is eight cents above the consensus.

The oil and gas company saw its FY EPS reach 7.74 dollars, against 4.85 dollars in 2017, with record net oil equivalent production, which rose by 7% to 2.93 million barrels per day.

Benefiting from a reserve replacement rate of 136%, the group expects this production to increase further in 2019 - by 4% to 7% excluding the impact of asset sales. Earlier this week, the group announced a seven-cent increase in his quarterly dividend per share.


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