US Chevron Q3 downstream earnings fall 52%

摘要

HOUSTON (ICIS)--Chevron’s third-quarter downstream earnings fell 52% year on year to $1.07bn, from $2.21bn in the 2015 third quarter, the US-based energy and petrochemicals firm reported on Friday. Chevron said that in the US third-quarter downstream earnings fell to $523m, from $1.25bn a year earlier, on lower margins on refined product sales and lower earnings from Chevron’s 50%-owned Chevron Phillips petrochemicals joint venture.