Chevron Third Quarter Profit Down Slightly On Tighter Refining Margins

By Staff,

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Chevron Corporation ( CVX ) today reported earnings of $4.95 billion or $2.57 per share for the third quarter 2013, compared with $5.3 billion or $2.69 per share in the same quarter last year.

CEO John Watson attributed the third-quarter decline in earnings primarily to lower margins for refined products in the current quarter.

Sales and other operating revenues in the third quarter 2013 were $57 billion, compared to $56 billion in the year-ago period.

Share prices were down slightly in pre-market trade.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Commodities
Referenced Stocks: CVX

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