Wed, Jul 23, 2014, 2:56 PM EDT - U.S. Markets close in 1 hr 4 mins

Recent

% | $
Click the to save as a favorite.

Chevron Corporation Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • nikit2h nikit2h Aug 3, 2008 2:40 PM Flag

    CHEVRON NEEDS OIL ---PRODUCTION

    Slide 7 summarizes the change in worldwide oil equivalent production, including volumes produced from oil sands in Canada. Production fell by 62,000 barrels per day, or 2% between quarters. U.S. production declined 13,000 barrels per day due to operational down time and normal field declines that I mentioned.

    Outside the U.S., overall production dropped 49,000 barrels per day in the second quarter. However, we estimate that the impact of higher prices reduced production by about 75,000 barrels per day between sequential quarters. So absent price effects, volumes would have been up between quarters. I’ll elaborate on this in a moment.

    Indonesia production was impacted by prices but the largest effect was the absence of the one-time benefit of a favorable gas unitization agreement that we discussed on the conference call last quarter.

 
CVX
133.50+0.92(+0.69%)2:55 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.