Chevron earnings down on refining, well output rises

(Reuters) - Chevron Corp , the second-largest U.S. oil company, reported on Friday a decline in quarterly profit due to the impact of lower refining margins, while oil and gas production increased but remained short of its target.

from Reuters: Business News http://feeds.reuters.com/~r/reuters/businessNews/~3/cG2CFGeQpJY/story01.htm