Chevron reported $2.65 earnings per share, below estimates Shares post biggest once-day drop since August after results Profit miss driven by weaker output and downstream margins Flat to down 2022 production outlook disappoints -analyst Best annual results in seven years after spending cuts HOUSTON, Jan 28 (Reuters) – Chevron Corp (CVX.N) on Friday reported a fourth quarter profit that missed Wall Street estimates and offered a weak outlook for this year’s oil and gas production, sending its shares lower. The first major oil company to report fourth quarter results posted earnings of $5.1 billion, or $2.65 a share. Analysts had forecast a $3.12 per share profit, Refinitiv showed, expecting a bigger boost from rebounding prices. The below-par profit came despite higher oil and gas prices that were expected to lift […]