By Shariq Khan, Sheila Dang and Seher Dareen
(Reuters) -Chevron reported fourth-quarter earnings below Wall Street estimates on Friday as weak margins dragged its refining business into a loss for the first time since 2020.
CEO Mike Wirth told Reuters the post-pandemic surge in fuel margins had run its course, and the downtrend is set to continue this year.
Chevron, which on Friday became one of the first companies to heed U.S. President Donald Trump's executive order renaming the Gulf of Mexico the "Gulf of America," posted adjusted earnings per share of $2.06.
That fell below Wall Street's $2.