U.S. News

Chevron Says Production Rose in April, May


Chevron's production for the first two months of the second quarter rose slightly from first-quarter levels, the second-largest U.S. oil company said after markets closed Tuesday.

Total production in April and May was about 2.66 million barrels of oil equivalent per day (boepd), up from about 2.64 million boepd in the first quarter. Last year, the company produced about 2.67 million boepd in the second quarter.

Chevron has said it expects 2007 production to average about 2.6 million boepd, down about 70,000 boepd from last year.

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