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Chevron Output Fall as It Seeks to Reverse Declines

Chevron, seeking to reverse the longest string of production declined in a decade, said oil and natural gas output fell in the first two months of the year.

The second-largest U.S. energy producer by market value pumped the equivalent of 2.579 million barrels of oil a day during January and February, according to a statement on its website today. That compares with 2.645 million in the first quarter of 2013.

When Chevron reports results for the entire three-month period on May 2, output is expected to come in at 2.61 million barrels.