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

Chevron Corp said on Friday its quarterly profit rose 52 percent on higher oil and natural gas 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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