Chevron Opens Lower After Earnings Miss
Yahoo! Finance
Chevron opened about 3% lower Friday after the oil giant's fourth-quarter earnings came in under expectations. The numbers: + **Net income** totaled $6.4 billion, below the FactSet consensus estimate of $8.24 billion. + **Adjusted earnings per share** were $4.09, less than the FactSet consensus estimate of $4.33. For 2022, the company reported a record annual profit of $35.5 billion. Earlier this week, Chevron's stock jumped after it announced a [$75 billion buyback program](https://www.wsj.com/
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