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Author Topic: Chevron profit falls as refineries, output suffer [Locked]
Bat_Avenger  1 star
Posts: 229
Registered: 2006-10-25 05:11:35


"(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  4 stars
Title: Canadian
Posts: 2,256
Registered: 2001-4-27 15:46:32
k...
Allmightybob_MLF  2 stars
Title: Occult Amuck
Posts: 334
Registered: 2004-3-22 23:15:57
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.
Fozzie_Bear  4 stars
Posts: 2,490
Registered: 2001-12-20 01:43:43
was reading yesterday that Brazil is suing them for an oil leak

 

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JD_HOGG  4 stars
Posts: 2,846
Registered: 2008-3-18 08:04:21
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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