Chevron 3Q profit soars 52% on higher oil, natgas prices

Industries Reuters

(Reuters)

Chevron Corp (CVX) said on Friday its quarterly profit rose 52 percent on higher oil and natural gas prices.

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The company posted third-quarter net income of $1.95 billion, or $1.03 per share, compared with $1.28 billion, or 68 cents per share, in the year-ago period.

Production rose 8 percent to 2.7 million barrels of oil equivalent per day. (Reporting by Ernest Scheyder; Editing by Jeffrey Benkoe)

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