8-KEarnings & Results

CHEVRON CORP 8-K Report, Financial Results (Jan 29, 2016)

Filed January 29, 2016For Securities:CVX

Summary

Chevron Corporation (CVX) reported a net loss of $588 million for the fourth quarter of 2015, a significant shift from profitability in prior periods. This unaudited result, announced via press release on January 29, 2016, reflects the challenging operating environment faced by the company during the quarter. Investors should note that this announcement pertains to financial results and does not involve any changes to the company's business operations or management. The company has provided this information as an 8-K filing, indicating it is a material event. While the press release is incorporated by reference, the SEC filing explicitly states that this information is not considered "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 or incorporated by reference in future Securities Act of 1933 filings. This means investors should view this as informational disclosure rather than an update that will affect future regulatory filings.

Key Highlights

  • 1Chevron Corporation reported an unaudited net loss of $588 million for the fourth quarter of 2015.
  • 2The company announced its Q4 2015 financial results on January 29, 2016.
  • 3The reported loss represents a significant change from previous profitable quarters.
  • 4This disclosure was made via a press release attached as Exhibit 99.1 to the 8-K filing.
  • 5The filing is categorized under Item 2.02, 'Results of Operations and Financial Condition'.
  • 6The disclosed information is not deemed 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934.
  • 7The disclosed information will not be incorporated by reference in any future filings under the Securities Act of 1933.

Frequently Asked Questions

The main financial takeaway is that Chevron Corporation reported a net loss of $588 million for the fourth quarter of 2015. This indicates a significant downturn in financial performance for the quarter.

No, this 8-K filing primarily reports on the company's financial results for the fourth quarter of 2015. It does not mention any changes in business operations, management, or strategic direction.

This statement means that while the information is publicly disclosed, it is not subject to the same liability provisions under Section 18 of the Securities Exchange Act of 1934 as information that is officially 'filed'. It also means this specific disclosure won't automatically be incorporated into future SEC filings made by Chevron.

The press release announcing these results is attached as Exhibit 99.1 to this 8-K filing and is incorporated by reference. Investors can refer to that document for more detailed financial information.