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Chevron beats earnings expectations as refining profits soar on high diesel fuel prices
Summary by CNBC
7 Articles
7 Articles
American oil company Chevron reports a profit of $9.9 billion after tax (3.5) for the third quarter.
The US oil company pulverizes Wall Street’s forecasts thanks to the increase in crude oil and refining margins, although its global production recedes due to the conflict in the Middle East.
Chevron recorded explosive profit growth in the third quarter of 2026, as its refineries in the US operated at almost full capacity, taking advantage of soaring diesel prices.
According to CNBC, Chevron has a profit of $9.9 billion in the third quarter, with refining driven by diesel prices
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50% Center
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