Chevron reported fourth-quarter earnings below Wall Street estimates on Friday as weak margins dragged its refining business into a loss for the first time since 2020. CEO Mike Wirth told Reuters the post-pandemic surge in fuel margins had run its course,

This story incorporates reporting from worldenergynews.com, SchaeffersResearch.com and MSN.Chevron announced financial results revealing its refining division experienced its first quarterly loss in four years.

Chevron Corp. raised dividends by 5% even as profit underperformed expectations amid shrinking crude prices and fuel-making margins. Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollHow the 2025 Catholic Jubilee Is Reshaping RomeTrump Paves the Way to Deputize Local Police on ImmigrationHousing Aid Uncertain After Trump’s Spending Freeze MemoTrump's Federal Funding Pause Threatens State Financials Adjusted fourth-quarter earnings were $2.

Chevron missed Q4 earnings expectations and reports first quarterly loss in refining business since 2020, but raises dividend.

Chevron (CVX) stock is down in premarket trading after its refining business marked its first loss in four years

Chevron Corp reported fourth-quarter earnings below Wall Street estimates on Friday as weak margins pushed its refining business into a loss for the first time since 2020. The second-largest U.S. oil producer posted total earnings of $3.