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Empresas y finanzas

Chevron quarterly profit drops 43 percent on cheap oil


    (Reuters) - Oil and natural gas producer Chevron Corp posted a 43 percent drop in quarterly profit on Friday due to low oil prices .

    The company reported net income of $2.57 billion, or $1.37 per share, compared to $4.51 billion, or $2.36 per share, in the year-ago period.

    Production grew 4 percent to 2.68 million barrels of oil equivalent per day.

    (Reporting by Ernest Scheyder; Editing by Bernadette Baum)