Chevron posts 3Q profit of $5.59 billion, result tops expectations



We also have more stories about:
(click the phrases to see a list)

Subjects:

Places:

 


SAN RAMON, California — Chevron Corp. (CVX) on Friday reported profit of $5.59 billion in its third quarter.

The San Ramon, California-based company said it had profit of $2.95 per share.

The results exceeded Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.54 per share.

The oil company posted revenue of $54.68 billion in the period.

Chevron shares have declined 6 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed nearly 8 percent. The stock has decreased almost 3 percent in the last 12 months.

_____

This story was generated by Automated Insights using data from Zacks Investment Research. CVX stock research report from Zacks.

_____

Keywords:Chevron,Earnings Report

All content copyright ©2014 Daily Reporter, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Click here to read our privacy policy.
Daily Reporter • 22 W. New Road • Greenfield, IN 46140 • (317) 462-5528