Chevron profit disappoints

Chevron logs its first refining loss in four years, sending stock lower
Chevron Corp.’s stock fell 2% early Friday, after the oil company’s downstream-refining business delivered its first loss in four years, hurt by lower margins on oil sales. The company also missed profit estimates for the fourth quarter,
Chevron profit disappoints as refining posts first loss in four years
Chevron reported fourth-quarter earnings below Wall Street estimates on Friday as weak margins dragged its refining business into a loss for the first time since 2020. CEO Mike Wirth told Reuters the post-pandemic surge in fuel margins had run its course,
Chevron Lifts Dividend After Profit Disappoints on Oil Slump
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Chevron’s Q4 Earnings Miss Forecast as Refining Swings to Loss
Chevron reported lower-than-expected fourth-quarter earnings due to a loss in its refining division, despite strong upstream production.
Chevron Misses Earnings Estimate as Refining Posts First Loss in Four Years
(Reuters) - Chevron Corp reported fourth-quarter earnings below Wall Street estimates on Friday as weak margins pushed its refining business into a loss for the first time since 2020. The second-largest U.S. oil producer posted total earnings of $3.24 billion for the three months ended Dec. 31, up from $2.26 billion in the same period last year.
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