Chevron profit drops on lower oil production, maintenance work
Nov 2 (Reuters) - Chevron Corp posted a drop in quarterly profit on Friday as maintenance exacerbated a steady decline in production from its oil and natural gas wells over the past year and as a massive fire at one of its California refineries hit the refining business.
The second-largest U.S. oil company said its third-quarter net income fell to $5.25 billion, or $2.69 per share, from $7.83 billion, or $3.92 per share, in the year-ago quarter.
- 'Weird Al' Yankovic still trying to wrap head around No. 1 album
- World's oldest joke traced back to 1900 BC
- French warplanes search Mali desert for crashed Air Algerie plane |
- Crunch time for Gaza truce talks as death toll passes 800 |
- Wreckage of Air Algerie plane carrying 116 people found in Mali |