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In 2013 Chevron?s net profit dropped by 18%

February 3, 2014

Baku /03.02.14/Turan: In 2013 net profit of the US oil and gas giant Chevron dropped by 18% against 2012 and totaled $21.42 billion , reads the company's report. The company's profit totaled $11.18 per regular share against $13.42 a year earlier. Last year total profit decreased by 5.4% to $228.8 billion . In quarter 4, 2013 net profit of the company totaled $4.93 billion , down 32% against the same period in 2012. Profit per share dropped to $2.57 against $3.70 a year earlier coinciding with the analysts' forecasts. The aggregate quarterly profit dropped by 7.26% to $56.15 billion . In quarter 4, 2013 average volume of hydrocarbon production by Chevron totaled 2.58 million barrels of oil equivalent a day against 2.67 million barrels a year earlier. "In 2013 the world oil prices and oil refining margin were significantly lower, than in 2012. These factors and poor profit from the assets' sales and growing incomes have led to worsening of the company's financial showings," said John Watson , Chevron President. Chevron is the second biggest US energy company. It has been operating in more than 180 countries of the world, reported .--0--

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Source: Turan Information Agency (Azerbaijan)

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