Chevron Corporation is one of the largest oil companies in the world. The company’s revenue in 2011 was $573.706 billion. Net income was $26.895 billion. EPS was $13.54. The company’s common stock is the only type of shares outstanding.
1. Compute the average number of common shares outstanding during the year.
2. The dividend-payout ratio was 22.8%. What was the amount of dividends per share?
3. The market price of the stock at the end of the year was $106.40 per share. Compute
(b) P-E ratio.