(Reuters) - Chevron Corp (N:CVX), the second-largest U.S. oil producer, said on Friday its first-quarter profit fell 27 percent due to falling crude oil production and prices.
The company posted net income of $4.51 billion (2.68 billion pounds), or $2.36 per share, compared with $6.18 billion, or $3.18 per share, in the year-ago quarter.
(Reporting by Ernest Scheyder)