Author Topic: Chevron profit falls as refineries, output suffer
Bat_Avenger 
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Subject: Chevron profit falls as refineries, output suffer
cry

"(Reuters) - Chevron Corp reported lower quarterly earnings on Friday as rising spending on oil and gas projects and losses at its refinery business offset gains from higher crude oil prices.

Oil and gas output at the No. 2 U.S. oil company also declined to 2.64 million barrels per day (BPD) from 2.79 million BPD a year-ago.

Fourth-quarter profit slipped to $5.1 billion, or $2.58 per share, from $5.3 billion, or $2.64 per share, a year earlier.

Shares of Chevron fell about 1 percent in premarket trading."

https://news.fidelity.com/news/news.jhtml?articleid=201201270852RTRSNEWSCOMBINED_TRE80Q11C_1&cat=Top.Investing.RT&IMG=Y

 

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winga 
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Subject: Chevron profit falls as refineries, output suffer
k...

 

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Allmightybob_MLF 
Title: Occult Amuck
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Subject: Chevron profit falls as refineries, output suffer
Chevron still has a P/E ratio of 7.68, and an EPS of 13.50. They're dropping their output to raise the stagnated price of oil.

 

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Fozzie_Bear 
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Subject: Chevron profit falls as refineries, output suffer
was reading yesterday that Brazil is suing them for an oil leak

 

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JD_HOGG 
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Subject: Chevron profit falls as refineries, output suffer
lulz what? How can big oil profit fall? I thought big oil take what they want, or is that honey badger I am thinking of?

 

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