Chevron Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016; Provides Cash Flow Guidance for the Year 2017
For the year, the company reported total revenues and other income of $114,472 million compared to $138,477 million a year ago. Loss before income tax expense was $2,160 million compared to income of $4,842 million a year ago. Net loss was $431 million compared to net income of $4,710 million a year ago. Net loss attributable to the company was $497 million or $0.27 per diluted share compared to net income of $4,587 million or $2.45 per diluted share a year ago. Net cash provided by operating activities was $12,846 million compared to $19,456 million a year ago. Capital and exploratory expenditures in 2016 were $22.4 billion, compared with $34.0 billion in 2015.
For the year 2017, the company expects cash flow positive.