- CVX reported earnings of $4.9 billion, or $2.57 per share, down from $7.2 billion, or $3.70 per share, last year.
- Revenue for the quarter was $54 billion, down from $56 billion a year ago.
- Analysts expected to see earnings of $2.57 per share and $63.14 billion in revenue.
- Full year earnings were $21.4 billion, or $11.09 per share, down from $26.2 billion, or $13.32 per share in 2012.
CEO and Chairman, John Watson commented: "Global crude oil prices and refining margins were generally lower in 2013 than 2012. These conditions, as well as lower gains on asset sales and higher expenses, resulted in lower earnings. We continue to have an advantaged portfolio, and we have maintained our industry-leading position in upstream earnings per barrel for the past four years."CVX's Dividend CVX declared its quarterly dividend of $1.00 on January 29. The dividend will be payable on March 10 to shareholders of record on February 14. The stock will go ex-dividend on February 12. We expect CVX to announce its next dividend in April. It is likely that the company will raise its dividend. Stock Performance Chevron shares were down $1.15, or 0.99%, during pre-market trading Friday.