Reported about 11 hours ago
Chevron Corp. exceeded earnings estimates as the profits from its recent $53 billion acquisition of Hess Corp. significantly boosted oil production and cash flow. In the third quarter, adjusted earnings were $1.85 per share, beating forecasts, while global production rose 21% to 4.1 million barrels per day. Despite lower net income compared to the previous year, Chevron's proactive steps, including share buybacks and dividend increases, position the company favorably amidst fluctuating oil prices.
Source: YAHOO