Net profit fell to $1.84 billion, or 92 cents per share, from $5.17 billion, or $2.48 per share, in the same quarter a year earlier. Revenue plunged 46 percent to $35 billion.
Analysts had on average expected the company to post earnings of 81 cents per share, according to Reuters Estimates.
The results come a day after larger rival Exxon Mobil Corp
Shares in the company up less than 1 percent in pre-market trade on Friday.
(Reporting by Matt Daily, additional reporting by Braden Reddall in San Francisco; editing by John Wallace)