Chevron doubled quarterly earnings

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Following the results of the third quarter, the American oil corporation, Chevron, reported an increase in net profit 2.1 times in annual terms to 4 billion 50 million dollars. Per share, the indicator rose to 2 dollars 13 cents, while experts had predicted 2 dollars 6 cents per share. Revenues amounted to 44 billion dollars, an increase over the year by 21.5%. Forecast of the economists assumed revenue growth to 46 billion 670 million dollars. In the past quarter, the company produced the maximum volume of oil and gas in its history - 2,960,000 barrels of oil equivalent per day. The price of Chevron shares in preliminary trading on Friday rose by 2.3%.

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