The company posted fourth-quarter net income of
$3.47 billion, or $1.85 per share, compared with $4.93 billion,
or $2.57 per share, in the year-ago period.
Foreign currency conversion charges dented earnings by $432
million, Chevron said.
Production between the quarters held steady at 2.58 million
barrels of oil equivalent per day (boepd).
Shares of the San Ramon, Calif.-based company are down about 22
percent in the past six months, closing Thursday at $103 per
share.
(Reporting by Ernest Scheyder, Editing by Franklin Paul)
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