Chevron Reports Its Second-Highest Quarterly Profits Ever ...Middle East

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Chevron Reports Its Second-Highest Quarterly Profits Ever
source : OILPRICE ( Middle East ) () 31
U.S. oil major Chevron (NYSE:CVX) has joined the oil and gas industry’s robust earnings crowd for the quarter by easily beating analyst profit estimates. For Q3, Chevron Corp recorded its second-highest quarterly profit ever on the back of increased oil and gas demand and increased U.S. production. Chevron’s net profit for the quarter soared to $11.2 billion, or $5.78 per share, nearly double the net profit recorded in Q3 2021 and easily beating analyst estimates that saw it at $4.86. Chevron’s cash flow from operations increased…

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