Sept 25 (Reuters) - Chevron ( CVX ) said on Thursday it
was expecting a loss of $200 million to $400 million in the
third quarter due to the impact related to the acquisition of
Hess.
Chevron ( CVX ) closed its $55 billion buyout of Hess in July after
winning a landmark legal battle against larger rival Exxon Mobil ( XOM )
to gain access to the largest oil discovery in decades.
Excluding severance charges and other costs related to the
$55 billion transaction, the U.S. energy major expects an impact
of $50 million to $150 million on adjusted earnings in the
quarter.
Chevron ( CVX ) added that it was expecting net oil-equivalent
production to range between 450,000 and 500,000 barrels of oil
equivalent per day for the third quarter, including some
downtime.
Capital spending for the current quarter is expected to
range from $1 billion to $1.25 billion.
(Reporting by Vallari Srivastava in Bengaluru; Editing by Anil
D'Silva)