Chevron Corporation ( NYSE:CVX ) reported on Friday earnings of US$0.22 per share for the fourth quarter, compared with a loss of US$0.31 per share for the fourth quarter of 2015, in line with analyst expectations that it would return to profit, but missing the EPS estimates by a wide margin. According to analyst estimates compiled by Bloomberg , Chevron was expected to return to profit from a loss a year earlier, so the fourth-quarter profit was not a surprise. However, analysts had expected much higher EPS. Jefferies Group analyst J. Gammel last week raised his earnings per share (EPS) forecast to US$0.65, up from a previous forecast of US$0.58. Zacks Equity Research had said that Chevron was likely to beat on Q4 earnings and Wall Street analysts’ estimates had also pegged the EPS at US$0.65 for the fourth quarter. Wall Street had also expected Chevron’s revenues at around […]