Huat la please help like and c_老虎社区_美港股上老虎

Tikongkia
2021-04-30

Huat la please help like and comment

Chevron profit drops on weaker refining margins, storm hit

Chevron Corp’s first-quarter profit fell 29% compared with the same period a year ago as gains from

Chevron profit drops on weaker refining margins, storm hit

免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。

推荐
最新

暂无评论

热议股票

关于我们·老虎社区守则·老虎社区账号管理规范·老虎社区服务协议·老虎社区隐私政策

公司名称：北京至简风宜信息技术有限公司

违法和不良信息投诉：010-5681-3562（工作时间9:30-18:30）

邮箱：service@laohu8.com

营业执照：91110105MA01A4U55R

ICP备：京ICP备18016422号

网安备：京公网安备11010502036490

关注我们

{"i18n":{"language":"zh_CN"},"data":{"magic":2,"id":103652424,"tweetId":"103652424","gmtCreate":1619780780168,"gmtModify":1634209994059,"author":{"id":3573648008149657,"idStr":"3573648008149657","authorId":3573648008149657,"authorIdStr":"3573648008149657","name":"Tikongkia","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":0,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>Huat la please help like and comment</p></body></html>","htmlText":"<html><head></head><body><p>Huat la please help like and comment</p></body></html>","text":"Huat la please help like and comment","highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/103652424","repostId":1143088814,"repostType":4,"repost":{"id":"1143088814","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1619780407,"share":"https://www.laohu8.com/m/news/1143088814?lang=&edition=full","pubTime":"2021-04-30 19:00","market":"us","language":"en","title":"Chevron profit drops on weaker refining margins, storm hit","url":"https://stock-news.laohu8.com/highlight/detail?id=1143088814","media":"Reuters","summary":"Chevron Corp’s first-quarter profit fell 29% compared with the same period a year ago as gains from ","content":"<p>Chevron Corp’s first-quarter profit fell 29% compared with the same period a year ago as gains from oil and gas prices were undercut by weaker refining margins, production losses and the impact of an asset sale that benefited results last year.</p>\n<p>Oil companies are generally enjoying a recovery in energy prices, up at least a third this year, after the pandemic hammered demand at the start of 2020. Chevron and its peers slashed spending, paving the way for several firms to post sharply better results.</p>\n<p>But as European rivals topped forecasts, Chevron’s earnings declined on winter storm production losses, weaker margins and the absence of asset and tax items that benefited year-ago profit.</p>\n<p>“Results were down from a year ago due in part to ongoing downstream margin and volume effects resulting from the pandemic and the impacts of winter storm Uri,” said Michael Wirth, Chevron’s chief executive officer.</p>\n<p>A U.S. winter storm that halted some output cost $300 million in lost production and repairs, said finance chief Pierre Breber. “That’s lost production in the Permian Basin and lost production in refining and chemicals,” he said.</p>\n<p>ADVERTISEMENT</p>\n<p>Chevron, the second-largest U.S. oil producer, reported a profit of $1.72 billion, or 90 cents per share, compared with $2.45 billion, or $1.31 per share, a year earlier. Year-ago results included about $680 million in asset sales and favorable tax items.</p>\n<p>Net profit was $1.4 billion, or 72 cents a share, down from $3.6 billion, or $1.93 cents a share, a year earlier.</p>\n<p>Chevron’s cash flow from operations, at $4.2 billion, was more than $1 billion below Wall Street forecasts, according to Refinitiv IBES data. Its expenses for debt costs, employee pension and benefits more than doubled to $978 million.</p>\n<p>Its weaker earnings contrasted those at BP, Royal Dutch Shell and Total, which posted results that topped year-ago levels. BP nearly tripled earnings while Total posted a 69% gain.</p>\n<p>Chevron’s refining eked out a $5 million profit, down from $1.1 billion a year ago, as the pandemic continued to mute demand for jet fuel, diesel and gasoline and the winter storm hurt U.S. operations.</p>\n<p>Earnings from oil and gas production fell 20% despite price gains as non-U.S. operations suffered from declining volumes, foreign currency impacts and the absence of an asset sales gain. The unit benefited from higher oil volumes from the acquisition of Noble Energy in October.</p>\n<p>Chevron said capital spending for the first quarter was $2.5 billion, down from $4.4 billion in the same period last year.</p>\n<p>The company will restrain spending this year, including in U.S. shale. “The stock markets are not sending a signal to us or our sector to increase capital,” Breber said.</p>\n<p>Chevron is looking toward a “sustained global recovery” before increasing activity, Breber said, adding that OPEC and allies are easing their oil production curbs.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chevron profit drops on weaker refining margins, storm hit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChevron profit drops on weaker refining margins, storm hit\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-04-30 19:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Chevron Corp’s first-quarter profit fell 29% compared with the same period a year ago as gains from oil and gas prices were undercut by weaker refining margins, production losses and the impact of an asset sale that benefited results last year.</p>\n<p>Oil companies are generally enjoying a recovery in energy prices, up at least a third this year, after the pandemic hammered demand at the start of 2020. Chevron and its peers slashed spending, paving the way for several firms to post sharply better results.</p>\n<p>But as European rivals topped forecasts, Chevron’s earnings declined on winter storm production losses, weaker margins and the absence of asset and tax items that benefited year-ago profit.</p>\n<p>“Results were down from a year ago due in part to ongoing downstream margin and volume effects resulting from the pandemic and the impacts of winter storm Uri,” said Michael Wirth, Chevron’s chief executive officer.</p>\n<p>A U.S. winter storm that halted some output cost $300 million in lost production and repairs, said finance chief Pierre Breber. “That’s lost production in the Permian Basin and lost production in refining and chemicals,” he said.</p>\n<p>ADVERTISEMENT</p>\n<p>Chevron, the second-largest U.S. oil producer, reported a profit of $1.72 billion, or 90 cents per share, compared with $2.45 billion, or $1.31 per share, a year earlier. Year-ago results included about $680 million in asset sales and favorable tax items.</p>\n<p>Net profit was $1.4 billion, or 72 cents a share, down from $3.6 billion, or $1.93 cents a share, a year earlier.</p>\n<p>Chevron’s cash flow from operations, at $4.2 billion, was more than $1 billion below Wall Street forecasts, according to Refinitiv IBES data. Its expenses for debt costs, employee pension and benefits more than doubled to $978 million.</p>\n<p>Its weaker earnings contrasted those at BP, Royal Dutch Shell and Total, which posted results that topped year-ago levels. BP nearly tripled earnings while Total posted a 69% gain.</p>\n<p>Chevron’s refining eked out a $5 million profit, down from $1.1 billion a year ago, as the pandemic continued to mute demand for jet fuel, diesel and gasoline and the winter storm hurt U.S. operations.</p>\n<p>Earnings from oil and gas production fell 20% despite price gains as non-U.S. operations suffered from declining volumes, foreign currency impacts and the absence of an asset sales gain. The unit benefited from higher oil volumes from the acquisition of Noble Energy in October.</p>\n<p>Chevron said capital spending for the first quarter was $2.5 billion, down from $4.4 billion in the same period last year.</p>\n<p>The company will restrain spending this year, including in U.S. shale. “The stock markets are not sending a signal to us or our sector to increase capital,” Breber said.</p>\n<p>Chevron is looking toward a “sustained global recovery” before increasing activity, Breber said, adding that OPEC and allies are easing their oil production curbs.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CVX":"雪佛龙"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143088814","content_text":"Chevron Corp’s first-quarter profit fell 29% compared with the same period a year ago as gains from oil and gas prices were undercut by weaker refining margins, production losses and the impact of an asset sale that benefited results last year.\nOil companies are generally enjoying a recovery in energy prices, up at least a third this year, after the pandemic hammered demand at the start of 2020. Chevron and its peers slashed spending, paving the way for several firms to post sharply better results.\nBut as European rivals topped forecasts, Chevron’s earnings declined on winter storm production losses, weaker margins and the absence of asset and tax items that benefited year-ago profit.\n“Results were down from a year ago due in part to ongoing downstream margin and volume effects resulting from the pandemic and the impacts of winter storm Uri,” said Michael Wirth, Chevron’s chief executive officer.\nA U.S. winter storm that halted some output cost $300 million in lost production and repairs, said finance chief Pierre Breber. “That’s lost production in the Permian Basin and lost production in refining and chemicals,” he said.\nADVERTISEMENT\nChevron, the second-largest U.S. oil producer, reported a profit of $1.72 billion, or 90 cents per share, compared with $2.45 billion, or $1.31 per share, a year earlier. Year-ago results included about $680 million in asset sales and favorable tax items.\nNet profit was $1.4 billion, or 72 cents a share, down from $3.6 billion, or $1.93 cents a share, a year earlier.\nChevron’s cash flow from operations, at $4.2 billion, was more than $1 billion below Wall Street forecasts, according to Refinitiv IBES data. Its expenses for debt costs, employee pension and benefits more than doubled to $978 million.\nIts weaker earnings contrasted those at BP, Royal Dutch Shell and Total, which posted results that topped year-ago levels. BP nearly tripled earnings while Total posted a 69% gain.\nChevron’s refining eked out a $5 million profit, down from $1.1 billion a year ago, as the pandemic continued to mute demand for jet fuel, diesel and gasoline and the winter storm hurt U.S. operations.\nEarnings from oil and gas production fell 20% despite price gains as non-U.S. operations suffered from declining volumes, foreign currency impacts and the absence of an asset sales gain. The unit benefited from higher oil volumes from the acquisition of Noble Energy in October.\nChevron said capital spending for the first quarter was $2.5 billion, down from $4.4 billion in the same period last year.\nThe company will restrain spending this year, including in U.S. shale. “The stock markets are not sending a signal to us or our sector to increase capital,” Breber said.\nChevron is looking toward a “sustained global recovery” before increasing activity, Breber said, adding that OPEC and allies are easing their oil production curbs.","news_type":1},"isVote":1,"tweetType":1,"viewCount":545,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":30,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}

Chevron profit drops on weaker refining margins, storm hit

评论（4）

热议股票