News Column

Chevron Earnings Drop to $6.2 Billion

April 26, 2013

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.

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Source: Copyright 2013 dpa Deutsche Presse-Agentur GmbH

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