Chevron 1st-qtr profit down on weaker oil prices

April 26 Fri Apr 26, 2013 8:47am EDT

April 26 (Reuters) - Chevron Corp, the second-largest U.S. oil company, posted a 4.5 percent decline in quarterly profit on Friday, pinched by weaker oil prices and work at its U.S. refineries.

First-quarter net income fell to $6.18 billion, or $3.18 per share, from $6.47 billion, or $3.27 per share, a year earlier.

Fourth-quarter production was 2.65 million barrels of oil equivalent per day, up from 2.63 million a year earlier.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.