Showing posts with label Oil and gas output. Show all posts
Showing posts with label Oil and gas output. Show all posts

Friday, August 2, 2013

Chevron profit drops on cheaper oil, refining woes

(Reuters) - Chevron Corp posted on Friday a steeper-than-expected 26 percent drop in quarterly profit as lower oil prices knocked oil and gas production earnings and its U.S. refining unit slowly recovered from a refinery fire a year ago.