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.