NEW: Find great deals on the latest gadgets and more in the ScienceDaily Store!
Science Videos
from news services

Chevron Suffers Crude Oil Slowdown, Quarterly Profits Drop 27%

May 2, 2014
TheStreet / Powered by
A day after Exxon posted a drop in quarterly production, Chevron is doing likewise. The oil producer, second-largest in the U.S., earned profits 27% less than a year earlier as the company suffered lower crude oil production and declining prices over the quarter. The company attributed the drop to "global economic factors" and also said weather-related issues in two of its oil fields in Kazakhstan led to unplanned downtime. Over the quarter, Chevron's production fell 2% to 2.59 million boed. Video provided by TheStreet
Related Videos

Share This Page:

Matter & Energy News
October 26, 2016

Latest Headlines
updated 12:56 pm ET