The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
Shares of Chevron fell in premarket trading on Friday after the oil giant reported fourth-quarter earnings that badly missed Wall Street's expectations.
Chevron posted profits of $3.4 billion, or $1.64 per share, for the final quarter of 2017. However, the company included a $2 billion tax benefit.
Stripping out that benefit, Chevron earned 72 cents a share, according to Thomson Reuters. Analysts had expected earnings of $1.22 a share.
Chevron's stock price was down almost $5 a share, or nearly 4 percent, at $120.80.
The San Ramon, California-based company slightly beat expectations for revenues, generating $37.62 billion in sales versus estimates for $37.59 billion.
Profits in Chevron's upstream business, which focuses on producing oil and natural gas, rose to $5.3 billion in the fourth quarter from $930 million a year ago. However, the results were helped by a benefit from U.S. tax reform totaling $3.3 billion.
Chevron's downstream segment, which includes refining crude oil into fuels like gasoline, earned $1.3 billion for the quarter, up from $357 million from 2016. Downstream also got a $1.16 billion boost from tax reform.
The downstream business saw headwinds internationally, with profits sliding more than 75 percent.
For the full year, Chevron posted profits of $9.2 billion, its strongest performance since the oil price crash of 2014, when its earnings were $19.2 billion.
Cash flow from operations — a key measure of financial health in the oil industry — rose 60 percent in 2017 to $20.5 billion.
"We achieved our objective of being cash flow positive through deliberate actions to reduce capital expenditures, lower our cost structure, start and ramp-up projects, and conclude planned asset sales," Chevron Chairman and CEO Michael Wirth said in a statement.
On Wednesday, Chevron declared a quarterly dividend of $1.12 per share, up 4 cents from the previous quarter. The company on Friday said healthy cash flow made the higher shareholder payout possible.