Space porn: These images are (quite literally) out of this world
Chevron’s latest quarterly profit was huge — $5.37 billion — but down 26 percent from last year due to lower oil prices and maintenance work at some refineries.
The results mirrored lower profit at Exxon Mobil and Shell, and they also lagged Wall Street expectations. In premarket trading, Chevron shares fell $1.44 to $125.
Chevron Corp. said Friday that it earned $2.77 per share in the second quarter, down from $3.66 per share. Year-ago net income was $7.21 billion.
Analysts were expecting earnings of $2.97 per share. Revenue was down 8 percent to $57.37 billion but came in higher than the $56.01 billion that analysts expected .
Chairman and CEO John Watson said earnings fell “largely due to softer market conditions for crude oil and refined products.” He said repair and maintenance work on U.S. refineries was also a factor.
In percentage terms, Chevron’s profit decline was only half as steep as those reported by Exxon Mobil Corp. and Royal Dutch Shell on Thursday. But the causes were similar — lower oil prices and declining production.
The average price that Chevron got for a barrel of oil or natural gas liquids was $92 in the United States and $94 overseas; both were down $5 a barrel from last year’s second quarter. Natural gas prices in the U.S. jumped 74 percent, but that was up from 10-year lows in 2012.
Chevron’s production of oil and gas fell 1.6 percent, midway between Shell’s 1.3 percent decline and Exxon’s 1.9 percent decrease.
Chevron sold more natural gas in the U.S., but sales of refined products such as gasoline dipped both at home and overseas.
NASA astronaut Mike Hopkins
On December 28, 2013, Expedition 38 crew member Mike Hopkins participating in the second of two space walks to replace a degraded pump module on the International Space Station. (NASA astronaut Rick Mastracchio is reflected in his helmet!)
The Soyuz TMA-10M
The Soyuz TMA-10M headed towards the International Space Station with crew members from Expedition 37 onboard.
40 years ago the Apollo 8 mission flew up to the moon, orbited it ten times and then returned to Earth. This picture was taken from that flight and shows the Earth as it seemingly rises in similar fashion to a sunrise.
Sunrise from Expedition 36
NASA Flight Engineer Karen L. Nyberg of Expedition 36 took this photo of the sun rising -- a sight they saw nearly 16 times per day due to the speed of the International Space Station's orbit around the earth.
A pair of NanoRacks CubeSats -- nanosattelite spacecrafts carrying experiments -- were launched by Expedition 38.