Chevron: Q4 Earnings Snapshot

SAN RAMON, Calif. (AP) — SAN RAMON, Calif. (AP) — Chevron Corp. (CVX) on Friday reported fourth-quarter net income of $3.24 billion.

The San Ramon, California-based company said it had profit of $1.84 per share. Earnings, adjusted for non-recurring costs, were $2.06 per share.

The results did not meet Wall Street expectations, but Chevron does not adjust its reported results based on one-time events such as asset sales. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.19 per share.

The oil company posted revenue of $52.23 billion in the period, which topped Street forecasts. Five analysts surveyed by Zacks expected $46.96 billion.

For the year, the company reported profit of $17.66 billion, or $9.72 per share. Revenue was reported as $202.79 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CVX at https://www.zacks.com/ap/CVX