Chevron announces first quarter 2020 results

Announces first quarter 2020 results.q1 earnings per share $1.93.q1 sales $30 billion versus refinitiv ibes estimate of $29.38 billion.q1 earnings per share estimate $0.68 -- refinitiv ibes data.corp - further reducing 2020 capital expenditure guidance to as low as $14 billion.corp - taking actions to protect dividend, sustain long-term value and preserve cash.corp - estimates that 2020 operating costs will decrease by $1 billion.corp - worldwide net oil-equivalent production was 3.24 million barrels per day in q1 2020, an increase of over 6 percent.corp - u.s. upstream operations earned $241 million in q1 2020, compared with earnings of $748 million a year earlier.corp - u.s. downstream operations earned $450 million in q1 2020, compared with earnings of $217 million.corp - financial results in future periods are expected to be depressed as long as current market conditions persist.corp - u.s. refinery crude oil input in q1 2020 increased 12 percent to 965,000 barrels per day.corp - international downstream operations earned $653 million in q1 2020, compared with $35 million.corp - international upstream operations earned $2.7 billion in q1 2020, compared with $2.4 billion a year ago.corp - international refinery crude oil input of 635,000 barrels per day in q1 2020 decreased 5 percent.corp - u.s. net oil-equivalent production of 1.06 million barrels per day in q1 2020 was up 180,000 barrels per day from a year earlier.
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