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Chevron’s net income drops 30% in Q4

by ChemOrbis Editorial Team - content@chemorbis.com
  • 30/01/2015 (15:55)
American oil major Chevron’s financial results have been announced for the fourth quarter of 2014, according to media reports. The company’s net income decreased 30% to $3.47 billion in the final quarter of 2014 compared with $4.93 billion reported a year earlier.

The company’s total revenues and other income also decreased to $46.09 billion in the October-December period when compared to $56.16 billion in the same period of the previous year.

The company cited sharp decreases in crude oil prices as the main reason behind their weaker quarterly results.
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