Chevron third-quarter profit soars 52 percent on higher oil, natgas prices

HOUSTON (Reuters) – Chevron Corp (N:) said on Friday its quarterly profit rose 52 percent on higher oil and prices.

The company posted third-quarter net income of $1.95 billion, or $1.03 per share, compared with $1.28 billion, or 68 cents per share, in the year-ago period.

Production rose 8 percent to 2.7 million barrels of oil equivalent per day.

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