Oil major Chevron saw its profit and revenues drop in the third quarter of the year when compared to the last year’s third quarter affected by lower oil and gas prices.
Chevron on Friday reported earnings of $2.6 billion for third quarter 2019, compared with $4 billion in the third quarter of 2018.
Included in the current quarter was a tax charge of $430 million related to a cash repatriation. Foreign currency effects increased earnings in the third quarter 2019 by $74 million.
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