SAN RAMON, Calif. (AP) — SAN RAMON, Calif. (AP) — Chevron Corp. (CVX) on Friday reported third-quarter earnings of $4.49 billion.
The San Ramon, California-based company said it had net income of $2.48 per share. Earnings, adjusted for pretax expenses, came to $2.51 per share.
The results topped Wall Street expectations, but Chevron does not adjust its reported results based on one-time events such as asset sales. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.47 per share.
The oil company posted revenue of $50.67 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $49.88 billion.
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