Chevron Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported total revenues and other income of $31,497 million compared to $29,247 million a year ago. Income before income tax expense was $512 million compared to loss of $2,210 million a year ago. Net income was $438 million compared to loss of $555 million a year ago. Net income attributable to the company was $415 million or $0.22 per diluted share compared to net loss of $588 million or $0.31 per diluted share a year ago. Cash generated from operations was $3.9 billion during the fourth quarter. Fourth quarter cash flow benefited from stronger oil prices but had offsets in seasonal downstream margin patterns and the Richmond refinery turnaround.

For the year, the company reported total revenues and other income of $114,472 million compared to $138,477 million a year ago. Loss before income tax expense was $2,160 million compared to income of $4,842 million a year ago. Net loss was $431 million compared to net income of $4,710 million a year ago. Net loss attributable to the company was $497 million or $0.27 per diluted share compared to net income of $4,587 million or $2.45 per diluted share a year ago. Net cash provided by operating activities was $12,846 million compared to $19,456 million a year ago. Capital and exploratory expenditures in 2016 were $22.4 billion, compared with $34.0 billion in 2015.

For the year 2017, the company expects cash flow positive.