Nigeria: Chevron Reports Q4 Net Income of U.S.$5.1 Billion

31 January 2012

Chevron Corporation has reported earnings of $5.1 billion for the fourth quarter 2011, compared with $5.3 billion in the 2010 fourth quarter. The results, which were below analysts' expectations showed a 3.2per cent drop in the fourth quarter earnings.

The San Ramon-based company, in a release at the weekend, said full-year 2011 earnings were $26.9 billion, up 41 per cent from $19.0 billion earned in 2010.

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