The oil major's quarterly profit, however, declined substantially compared to the year-ago period.The oil major's quarterly profit, however, declined substantially compared to the year-ago period due to lower margins on refined product sales, lower prices and the absence of favorable tax times.
Chevron booked revenues of $50.67 billion, also beating Street expectations but declining 6% from the $54.1 billion reported in the third quarter last year.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
S&P 500 Earnings Preview: Deeper Downward Revisions Set Companies Up for Big BeatsStocks Analysis by Christine Short covering: S&P 500, Goldman Sachs Group Inc, JPMorgan Chase & Co, Wells Fargo & Company. Read Christine Short's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »
Stock Market Today: S&P 500 slips as hot inflation report dents rate cut outlookStock Market Today: S&P 500 slips as hot inflation report dents rate cut outlook
Source: Investingcom - 🏆 450. / 53 Read more »
S&P 500 Rally Signals Broader Market Strength as Nvidia Takes a BackseatStocks Analysis by Michael Kramer covering: US Dollar Swiss Franc, US Dollar Canadian Dollar, S&P 500, Swiss Franc US Dollar. Read Michael Kramer's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »