NEW YORK (Reuters) - Chevron Corp , the second-largest U.S. oil company, posted a 37 percent drop in quarterly profit as refining troubles offset gains from higher oil prices and production.
Fourth-quarter net profit fell to $3.07 billion, or $1.53 per share, from $4.9 billion, or $2.44 per share, in the same quarter a year before.
Revenue rose nearly 12 percent to $48 billion.
CHEVRON (CVX.NY)said earlier in January that fourth-quarter profit would be hit by the slump in its refining business, which saw margins fall to the lowest levels of the year.
Production was 2.78 million barrels of oil equivalent per day in the quarter, up more than 9 percent from a year earlier.
Shares of Chevron rose less than 1 percent to $73.46 in premarket trade.
(Reporting by Braden Reddall, editing by Dave Zimmerman)
Relacionados
- Policía Municipal de Bilbao detiene a seis personas y precinta dos bares en Santutxu y Basurto por trafico de drogas
- Baloncesto.- El Bizkaia Bilbao Basket confirma la marcha de Salva Guardia
- La Bolsa de Bilbao subió 2,84 puntos a media sesión de hoy y su índice provisional se estableció en el 1.766,56
- Gesto por la Paz invita a la ciudadanía vasca a participar en la manifestación del próximo sábado en Bilbao
- Fagor celebra su convención comercial anual en Bilbao, donde reunió a 150 comerciales de toda España
