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Chevron says downtime may hit Q4 output by 225,000 boepd

By Reuters News9 hours ago Updated

Oct 30 (Reuters) - US oil major Chevron CVX.N said on Friday that turnarounds and downtime were expected to reduce fourth-quarter upstream production by 175,000 to 225,000 barrels of oil equivalent per day (boepd).

The company also said planned fourth-quarter maintenance was expected to weigh on downstream earnings by $400 million to $500 million.

Chevron beat Wall Street expectations for third-quarter adjusted profit as refining margins rose amid the US-Israeli war on Iran and the Russia-Ukraine conflict.

Shares of the company rose 1.6% in premarket trading.

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