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UPDATE: Chevron Q3 Profit Drops 5.8%

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Chevron (NYSE: CVX) reported a 5.8% drop in its third-quarter earnings.

Chevron's quarterly profit fell to $4.95 billion, or $2.57 per share, from a year-ago profit of $5.25 billion, or $2.69 per share.

Its revenue rose 0.8% to $58.5 billion. However, analysts were expecting earnings of $2.71 per share on revenue of $58.41 billion.

Chevron shares fell 0.90% to $118.88 in pre-market trading.

Posted-In: profitEarnings News

 

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