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Chevron (CVX) earned $1.85 per share in the fourth quarter, beating analysts' estimate of $1.65. Revenue in the fourth quarter decreased 17.9% year-over-year to $46.09 billion, but exceeding analysts' estimate of $44.89 billion.
The company has announced that it will cut its capital expenditure by 13% in 2015.
Chevron (CVX) shares increased to $103.50 (+0.49%) prior to the opening bell.
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