Chevron profit misses estimates on output decline; shares dip

Update: 2017-11-02

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HOUSTON (Reuters) - Chevron Corp (CVX.N) reported a lower-than-expected quarterly profit on Friday as U.S. production slipped, offsetting a rise in oil and natural gas prices. Shares of the San Ramon, California-based company fell 1.2 percent to $117 in premarket trading. The stock has gained less than 1 percent this year. Net income in the third quarter was $1.95 billion, or $1.03 per share, compared with $1.28 billion, or 68 cents per share, a year earlier.

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Chevron profit misses estimates on output decline; shares dip

#box-pro-ellipsis-176194463573190{-webkit-line-clamp:2;}Chevron profit misses estimates on output decline; shares dip

Chevron profit misses estimates on output decline; shares dip

Chevron profit misses estimates on output decline; shares dip