Chevron 1st-qtr profit down on weaker oil prices
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.
- Ten countries scour sea for Malaysia jet lost in 'unprecedented mystery' |
- Shots fired in air during raid at Crimea naval base
- Missing Malaysian jet may have disintegrated in mid-air: source |
- Mexico kills drug kingpin reported dead years ago: official
- Pistorius vomits in court at Steenkamp autopsy details