BUZZ-Chevron falls after Q4 earnings miss

Shares of oil major Chevron CVX.N fall ~1.6% to $153.80 premarket

Company posts Q4 adjusted profit of $2.06 per share vs est of $2.11 per share - data compiled by LSEG

CVX's U.S. downstream segment reports a loss of $248 mln compared to $1.15 bln a year ago

Company's oil production held relatively flat in Q4 at 3.35 mln barrels of oil equivalent per day (boepd), compared with 3.39 mln bpd a year ago

CVX's fourth-quarter total earnings rose to $3.24 bln from $2.26 bln a year ago

Stock was down ~2% in 2024