Chevron beats earnings estimates but profit falls on lower refining margins and natural gas prices
Chevron beats earnings estimates but profit falls on lower refining margins and natural gas prices
- Chevron beat Wall Street's earnings estimates but its profit fell compared with the year-ago period.
- The company's refining business faced lower sales margins and international gas took a modest hit as natural gas came under pressure.
- Chevron produced 1.57 million barrels of oil and gas daily in the U.S. for the quarter, an increase of 35%, or 406,000 bpd, from a year …