Chevron says downtime may hit Q3 output by up to 200,000 boepd

U.S. oil and gas major Chevron said on Friday turnarounds and downtime were expected to reduce its upstream production by 150,000 to 200,000 barrels of oil equivalent per day in the third quarter.

The company also said downtimes in the current quarter were expected to hit downstream earnings by $175 million to $225 million.