Chevron's first-quarter profit rose to $6.2 billion, or $3.09 per share, from $4.6 billion, or $2.27 per share, a year earlier.
That topped analysts' average estimate of $3.00 per share, according to Thomson Reuters I/B/E/S.
Revenue rose 23 percent to $58 billion.
Oil and gas output slipped nearly 1 percent to 2.76 million barrels of oil equivalent per day.
Still, earnings from the upstream, or production arm, jumped to $5.98 billion in the quarter on strong energy prices.
Chevron also benefited from strong demand for products such as gasoline, diesel fuel and jet fuel, which helped lift profits at its refineries more than threefold from a year ago to $622 million.
No comments:
Post a Comment
If you have any questions or comments then tell me!