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CM - A mild upset for upstream, but Chevron pumps $2.58B profit - November 2019



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Chevron Corp. reported $2.58 billion in Q3 profits on $34.8 billion in revenue, compared with over $4 billion on $42.1 billion of revenue a year ago. It took a $430 million tax charge related to a cash repatriation, and chairman and CEO Michael Wirth said, “Lower crude oil and natural gas prices more than offset a 3% increase in net oil equivalent production from last year's third quarter.” The company produced 3.03 MMboe/d in......
 
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