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Chevron Corp, the second-largest US energy
company, Friday said earnings declined for the first quarter of 2013,
due primarily to lower oil prices.
The company earned 6.2 billion dollars in the first quarter, or
3.18 dollars per share, versus 6.5 billion dollars, or 3.27 dollars
per share, in the same quarter in 2012.
Revenues in the first quarter were 54 billion dollars, down from
59 billion in the same quarter last year, the company said, "mainly
due to lower prices for crude oil."
Chevron said its average sales price per barrel of crude oil and
natural gas liquids in the first quarter was 94 dollars, compared to
102 dollars a year ago.
