Energy company Chevron says its earnings declined for the first quarter of 2013 to $A6.05 billion. Source: AAP
CHEVRON Corp, the second-largest US energy company, says its earnings declined for the first quarter of 2013 due primarily to lower oil prices.
The company earned $US6.2 billion ($A6.05 billion) in the first quarter, or $US3.18 per share, versus $US6.5 billion, or $US3.27 per share, in the same quarter in 2012.
Revenues in the first quarter were $US54 billion, down from $US59 billion in the same quarter last year, the company said on Friday, "mainly due to lower prices for crude oil".
Chevron said its average sales price per barrel of crude oil and natural gas liquids in the first quarter was $US94, compared to $US102 a year ago.
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