Chevron reported quarterly earnings that beat analysts’ expectations on Friday, as record-setting oil and gas production boosted the company’s bottom line.
Shares of the oil major were more than 2 percent in premarket trading.
Chevron posted a profit of $4.05 billion for the quarter, more than double its earnings from a year ago. That came out to a profit of $2.11 per share, slightly beating Wall Street’s expectations for $2.06 per share, according to Refinitiv.
