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Chevron Corporation Message Board

  • foxgang7878 foxgang7878 Oct 9, 2012 8:55 PM Flag

    Chevron news out!

    Chevron's Q3 Looks Nasty: 'Substantially' Lower Earnings On All-Around Weakness

    Chevron

    Chevron primed the markets after the bell on Tuesday, announcing that its third quarter earnings “are expected to be substantially lower” than previously forecast. The second largest U.S. oil producer by market capitalization noted that both up and downstream had a tough Q3, which resulted in lower price realizations, lower realized margins, and overall weakness. The stock tumbled afterhours.

 
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