U.S. oil and gas major Chevron said on Friday turnarounds and downtime are expected to reduce its upstream production by 185,000 to 225,000 barrels of oil equivalent per day in the first quarter.
The company added refinery turnarounds and downtime during the current quarter are expected to hit downstream earnings by $275 million to $325 million.
(Reuters - Reporting by Vallari Srivastava in Bengaluru; Editing by Sriraj Kalluvila)