Chevron posts highest profit in eight years on surging oil, gas prices

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Chevron posts highest profit in eight years on surging oil, gas pricesThe company posted net income of $6.11 billion, or $3.19 per share, compared with a loss of $207 million, or 12 cents per share, a year ago

Reuters

Last Updated 29 October 2021, 16:11 IST

Representative image. Credit: iStock photo

Chevron Corp on Friday posted its highest quarterly profit in eight years on the back of surging oil and gas prices that have touched multi-year highs and as a recovery in motor fuel boosted refining margins.

The company posted net income of $6.11 billion, or $3.19 per share, compared with a loss of $207 million, or 12 cents per share, a year ago.

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(Published 29 October 2021, 15:57 IST)

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