Chevron says downtime could hit Q4 output by 225,000 boepd
CVX•Chevron said turnarounds and downtime are expected to reduce fourth-quarter upstream production by 175,000 to 225,000 boepd and weigh on downstream earnings by $400 million to $500 million.
1. Expected disruptions
Chevron said turnarounds and downtime are expected to reduce upstream production by 175,000 to 225,000 barrels of oil equivalent per day in the fourth quarter. It also expects fourth-quarter disruptions to weigh on downstream earnings by $400 million to $500 million.
