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Empresas y finanzas

Chevron quarterly profit drops 30 percent on cheap oil


    WILLISTON, N.D. (Reuters) - Chevron Corp , the second-largest U.S. oil producer, said on Friday its quarterly profit fell 30 percent due to plunging crude prices .

    The company posted fourth-quarter net income of $3.47 billion, or $1.85 per share, compared with $4.93 billion, or $2.57 per share, in the year-ago period.

    Foreign currency conversion charges dented earnings by $432 million, CHEVRON (CVX.NY)said.

    Production between the quarters held steady at 2.58 million barrels of oil equivalent per day (boepd).

    Shares of the San Ramon, Calif.-based company are down about 22 percent in the past six months, closing Thursday at $103 per share.

    (Reporting by Ernest Scheyder, Editing by Franklin Paul)