Chevron profit falls 43 percent on falling oil prices But its earnings still beat Wall Street expectations as it aggressively cut costs. Oil prices have plunged as production continues to increase in the U.S. Chevron said it cut costs more than 30 percent to $31.65 billion in the three months ending March 31. The San Ramon, California- based company reported total first-quarter earnings of $2.57 billion, or $1.37...
Source: The Associated Press
US dollar and data in focus on Wall Street US stock index futures indicated a higher open on Friday ahead of a data-packed day, after stocks closed down more than 1 percent on the last day of trade in April amid dollar weakness.
| By: Jenny Cosgrave
Traders run from bearish energy bets Oil prices are their highest levels for the year, and now some traders are fleeing from their bearish bets on energy stocks.
| By: Lawrence Lewitinn