Chevron Corp on Friday reported a fourth quarter profit, which missed estimates by analysts on weaker than expected oil and gas production that outweighed gains from recovering prices.
Its shares slid in pre-market trade.
The first major oil company to report quarterly results posted adjusted earnings of $5.1 billion, or $2.65 a share. Analysts had forecast a $3.12 per share profit, Refinitiv showed, expecting a bigger boost from rebounding prices.
