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Chevron reports earnings of $3.1 billion in fourth quarter

Chevron logo. Photo: Justin Sullivan / Getty Images

Chevron reported fourth quarter earnings of $3.1 billion Friday (or $1.64 per share), compared with the $415 million ($0.22 per share) reported in Q4 2016.

What to watch: Despite the significant rise in year-over-year earnings, this year's results included a $2 billion tax benefit, "making it difficult to compare with analysts estimates," reports CNBC. Wall street had expected earnings of $1.22 a share.

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Axios
Updated 57 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Coronavirus cases rose 10% in the week before Thanksgiving.
  2. Politics: Supreme Court backs religious groups on New York coronavirus restrictions.
  3. World: Expert says COVID vaccine likely won't be available in Africa until Q2 of 2021 — Europeans extend lockdowns.
  4. Economy: The winners and losers of the COVID holiday season.
  5. Education: National standardized tests delayed until 2022.
Go deeper (1 min. read)Arrow
Shawna Chen
3 hours ago - Health

Standardized testing becomes another pandemic victim

Photo: Edmund D. Fountain for The Washington Post via Getty

National standardized reading and math tests have been pushed from next year to 2022, the National Center for Education Statistics (NCES) announced Wednesday.

Why it matters: There’s mounting national evidence that students are suffering major setbacks this year, with a surge in the number of failing grades.

Go deeper (1 min. read)Arrow
Shawna Chen
3 hours ago - World

European countries extend lockdowns

A medical worker takes a COVID-19 throat swab sample at the Berlin-Brandenburg Airport. Photo by Maja Hitij via Getty

Recent spikes in COVID-19 infections across Europe have led authorities to extend restrictions ahead of the holiday season.

Why it matters: "Relaxing too fast and too much is a risk for a third wave after Christmas," said European Commission President Ursula von der Leyen.

Go deeper (1 min. read)Arrow

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