Chevron Had $56 Million 4th-Quarter Refining Loss, Sankey Says

(Bloomberg) — Chevron Corp., the second-largest U.S. oil company, had fourth-quarter refining losses of more than $600,000 a day as fuel demand faltered and costs increased, Deutsche Bank analyst Paul Sankey said.

Profit from refineries and filling stations was

The New York analyst, who rates Chevron shares at