Chevron first-quarter profit jumps 36 percent on rising oil prices

HOUSTON (Reuters) – U.S. oil producer Chevron Corp (N:) said on Friday its first-quarter profit jumped 36 percent thanks to rising crude prices () () and production.

The company posted net income of $3.64 billion, or $1.92 per share, compared to $2.68 billion, or $1.41 per share, in the year-ago quarter.

Production rose 7 percent to 2.9 million barrels of oil equivalent per day.

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