Chevron Puts a Damper on Big Oil Stocks
October 10, 2012 at 09:59 AM EDT
Chevron (CVX) warned investors late on Tuesday that it’s third quarter earnings would be “substantially lower” than second quarter results. The company’s upstream and downstream results have been hurt by a fire at a California refinery and by Hurricane Isaac, which caused Chevron to shut down its Gulf of Mexico operations. The company’s production of oil [...]