Chevron Posts Revenue, Profit Decline as Lower Natural Gas Prices Hit Margins

Key TakeawaysChevron reported first-quarter results that showed a year-over-year decline in revenue and income.Analysts had projected the decline in recent weeks, citing lower natural gas prices as a factor that could drag down earnings despite high oil prices.Another of Chevron's main competitors, ExxonMobil, also reported earnings and saw its stock fall slightly premarket Friday. Chevron (CVX) on Friday reported first-quarter results roughly in line with analyst estimates, which predicted a decrease in re ...