Nov 2, 2012 1 min read

SAN RAMON, Calif. (AP) — Chevron says its third-quarter net income fell 33 percent as production declined and it sold oil and gas at lower prices.The nation’s second-largest oil company said Friday that it earned $5.25 billion, or $2.69 per share, in the July-through-September quarter. That compares with net income of $7.83 billion, or $3.92 per share, in the year-ago quarter.Revenue fell to $55.66 billion from $61.26 billion.Analysts, on average, predicted earnings of $2.83 per share on revenue of $67 billion. The nation’s second-largest oil company says production fell as operations were disrupted by a hurricane in the Gulf of Mexico and planned maintenance. Some of the loss was made up by increased production on other properties.Chevron Corp. shares fell $1.11, or 1 percent, to $110.35 in premarket trading.