: Chevron stock gains as profit, sales beat expectations and share buybacks set to increase


Shares of Chevron Corp. rose Friday after the oil and gas giant reported quarterly profit that rose above expectations and revenue that beat forecasts despite a drop in oil prices.

Chevron’s CVX net income rose to $6.57 billion, or $3.46 a share, from $6.26 billion, or $3.22 a share, in the year-ago period. Excluding nonrecurring items, the company said adjusted earnings a share of $3.55 beat the FactSet consensus of $3.40.


This article was originally published by Marketwatch.com. Read the original article here.

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