TELETRADER News
10/28/2022, 12:21 PM
(Source: TeleTrader)
Chevron earnings nearly double to $11.23 billion in Q3
Oil giant Chevron Corp. recorded $11.23 billion in earnings during the third trimester of 2022, marking an increase of nearly 84%, boosted by increasing investments and expanding supplies.
The company's diluted earnings per share rose from $3.19 to $5.78 in the same period. Chevron made "important steps to position both its traditional and new energy businesses to help meet the world's growing demand," Chief Executive Mike Wirth noted in the report.
Chevron's stock gained almost 2% ahead of Friday's opening bell.