Reported about 14 hours ago
Chevron reported a significant drop in its third-quarter profit, earning $3.54 billion, down from $4.49 billion the previous year, as a result of lower crude oil prices and expenses from its acquisition of Hess. Adjusted earnings met analyst expectations at $3.6 billion, while total revenues fell to $48.17 billion amid a backdrop of increased supply and concerns over economic slowdown.
Source: YAHOO