Surge in profits in the oil business: Chevron surpasses Wall Street estimates in the third quarter
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Surge in profits and revenue growth: With revenue of $67.8 billion and earnings per share of $5.28, Chevron significantly exceeds analyst estimates. Robust production and refining performance: U.S. upstream production has exceeded two million barrels per day for the fifth consecutive quarter; refinery utilization reached 98 percent. High cash generation: A free cash flow of $12 billion supports continuous investments and share buybacks amounting to $2.5 billion. The U.S. energy giant Chevron (CVX) clearly surpassed Wall Street...
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