MasterCard Inc, Chevron Corporation Beat Earnings Estimates

As of this writing, shares of MasterCard were up 3.77% to $84.45 per share, while shares of Chevron rose as much as 0.97% to $103.40 per share

MasterCard and Chevron released their latest earnings reports before opening bell this morning. MasterCard reported net earnings of 69 cents per share or $801 million, compared to 52 cents last year, on $2.42 billion in revenue, compared to $2.13 billion last year. Analysts had been expecting earnings of 67 cents per share on $2.4 billion in revenue for the quarter.

Chevron posted diluted earnings of $1.85 per share or $3.05 billion, compared to $2.57 or per share or $4.9 billion last year, on $46.1 billion in revenue, compared to $56.2 billion last year. Analysts had been expecting earnings of $1.64 per share on $35.9 billion in revenue.

Key metrics from MasterCard’s earnings report

MasterCard’s net earnings included a 3 cent per share dilutive impact from acquisitions.

The credit card company’s processed transactions rose 11% to $11.6 billion in the quarter. Gross dollar volume rose 13%, while purchase volume increased 12% year over year. Cross-border volumes grew 19%. Higher incentives and rebates partially offset these increases.

For the full year, MasterCard’s net revenue rose 14% to $9.5 billion. Gross dollar volume increased 13%, cross-border volume grew 16% and transaction processing improved 12%. Acquisitions had a 4 cent dilutive impact on full year earnings per share.

Key metrics from Chevron’s earnings report

Chevron reported a 14-cent per share negative impact for the full year due to currency exchange rates. As has been the story with the other oil companies, Chevron’s biggest problem during the fourth quarter was tumbling oil prices.

In the company’s upstream business, it reported production of 2.58 million barrels of oil equivalent in the quarter, which was flat with last year. Average price per barrel of crude and natural gas liquids fell from $90 last year to $66 in the fourth quarter of 2014.

Chevron reported production of 673,000 barrels of oil equivalent per day in the fourth quarter in the U.S. Internationally, production fell 17,000 barrels to 1.91 barrels per day. Average price per barrel fell from $101 to $68 per barrel in the fourth quarter of 2014.

In the downstream business, Chevron reported input of 927,000 barrels per day of refinery crude oil, an increase of 56,000 barrels year over year. Refined product sales rose 9,000 barrels to 1.23 million barrels per day.

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About the Author

Michelle Jones
Michelle Jones was a television news producer for eight years. She produced the morning news programs for the NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spent a short time at the CBS affiliate in Huntsville. She has experience as a writer and public relations expert for a wide variety of businesses. Michelle has been with ValueWalk since 2012 and is now our editor-in-chief. Email her at [email protected]

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