Chevron Falls Despite Earnings Beat; Production Volumes Fall

Big oil companies are having a bad day. Chevron (CVX) shares fell Friday morning despite reporting better than expected per share earnings because revenue fell short of forecasts and crude oil productions slipped. Chevron fell 0.9% to $128.13, outpacing the drop by the Dow. As the Wall Street Journal reports: Chevron–the second-biggest U.S. oil company [...]