Chevron Corp said on Friday first-quarter profits slid 27 percent from a year ea...
HOUSTON - Chevron Corp said on Friday first-quarter profits slid 27 percent from a year earlier due to lower crude oil prices and weaker margins in its refining and chemicals businesses, but the No. 2 U.S. oil and natural gas producer still topped forecasts.
Shares of San Ramona, California-based Chevron rose slightly to $118.40 in pre-market trading. Earlier this week, Chevron found itself in a takeover duel for Anadarko Petroleum Corp, a smaller oil and gas producer, when Occidental Petroleum Corp made a $38 billion offer that topped Chevron’s bid. “Earnings declined from a year ago largely due to lower crude oil prices and weaker downstream and chemicals margins,” said Michael Wirth, Chevron chief executive officer.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
27 Times The Actors From The MCU Starred In Other Movies TogetherThe Cast Of 'The Avengers' Have All Starred In Other Movies Together And I'm Freaking Out
Lire la suite »
UBS profits drop 27% in first quarter on 'challenging market conditions'UBS reported a 27% fall in net profit for its first quarter, compared to the same period the year before, with the Swiss bank citing challenging market conditions.
Lire la suite »
'Ecstatic' moment: Coma patient wakes after 27 yearsWoman wakes up after 27 years in a coma; doctor who treated her describes the 'ecstatic' moment she suddenly woke up and began to talk again. - carloangerer
Lire la suite »
Ford jumps 8% on strong first-quarter earningsThe quarterly numbers come amid Ford's $11 billion restructuring plan, with an aim to slash costs by $14 billion over the next five years.
Lire la suite »
27 TV Moments From This Week That We Can't Stop Talking AboutHere Are The 27 Biggest TV Moments This Week That You Might've Missed
Lire la suite »
27 Things From Free People That People Actually Swear ByWarning: You're gonna want to buy EVERYTHING!
Lire la suite »
27 businesses you can start for under $1,000It doesn't take a fortune to become your own boss. Here are 27 businesses that cost less than a grand to start.
Lire la suite »