Chevron’s stock heads for 3-year low as earnings are hurt by lower oil prices - MarketWatch
1. Chevron's stock nears a three-year low after disappointing earnings report. 2. Net income dropped 36.4%, with upstream and downstream earnings severely impacted. 3. Total revenue fell 2.3%, missing analysts' estimates for the first time in five quarters. 4. Chevron returned $6.9 billion to shareholders via buybacks and dividends. 5. Crude oil futures have fallen 25.3% over the past year, affecting profitability.