Chevron Profit Falls on Lower Oil Prices

Chevron CVX 2.74%increase; green up pointing triangle said its third-quarter profit fell, citing lower crude oil prices and expenses from its acquisition of Hess.

The oil company posted earnings of $3.54 billion, or $1.82 a share, for the three months ended Sept. 30, down from $4.49 billion, or $2.48 a share, a year earlier.