By Allison Prang

Chevron Corp.'s (CVX) third-quarter earnings fell by 36% from a year earlier, while revenue fell by 18%.

Chevron's profit was $2.58 billion, or $1.36 a share, down from $4.05 billion, or $2.11 a share, a year ago. Analysts polled by FactSet were expecting $1.57 a share.

Revenue was $36.12 billion. Analysts guided for $38 billion.

Total net oil-equivalent production was 3 million barrels per day.

"Lower crude oil and natural gas prices more than offset a 3 percent increase in net oil-equivalent production from last year's third quarter," Chief Executive Michael Wirth said.

Chevron said it had a $430 million tax charge from cash repatriation.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

November 01, 2019 09:05 ET (13:05 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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