Chevron stock falls as profit declines on falling oil prices

FILE PHOTO: A Chevron gas station is seen in Austin, Texas, U.S., October 23, 2023.Chevron stock fell on Friday as the oil major's profit declined on the steep decline in oil prices this years. Chevron's net income declined more than 30% to $3.5 billion, or$2 per share, from $5.5 billion or$2.97 per share, in the year-ago period. Excluding one-time items, Chevron earned $2.18 per share.Here is what Chevron reported for the first quarter compared with what Wall Street was expecting, based on a survey of an ...