Chevron's Profit More Than Doubles
02 Noviembre 2018 - 07:44AM
Noticias Dow Jones
By Aisha Al-Muslim
Chevron Corp.'s earnings in its latest quarter more than doubled
from a year ago as the oil producer benefited from higher crude oil
prices and production in the U.S.
Chevron on Friday reported a third-quarter profit of $4.05
billion, or $2.11 a share, up from $1.95 billion, or $1.03 a share,
a year earlier. Analysts polled by Refinitiv were looking for $2.09
a share.
The company's results included a $930 million gain from the
settlement of a contract in its energy exploration operations, and
a gain of $350 million from the sale of southern African refining,
marketing and lubricant assets.
Revenue rose 22% to $43.99 billion but still missed the
consensus forecast of $46.67 billion. Oil-equivalent production
rose 9% to 2.96 million barrels a day, the company said.
Chevron shares rose 2.4% to $113.88 in premarket trading Friday.
Shares are down 3.6% in the past 12 months.
Write to Aisha Al-Muslim at aisha.al-muslim@wsj.com
(END) Dow Jones Newswires
November 02, 2018 09:29 ET (13:29 GMT)
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