SAN RAMON, Calif. (AP) — SAN RAMON, Calif. (AP) — Chevron Corp. (CVX) on Friday reported third-quarter earnings of $6.53 billion.
The San Ramon, California-based company said it had net income of $3.48 per share. Earnings, adjusted for pretax gains, came to $3.05 per share.
The results missed Wall Street expectations, but Chevron does not adjust its reported results based on one-time events such as asset sales. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.68 per share.
The oil company posted revenue of $54.08 billion in the period, which topped Street forecasts. Five analysts surveyed by Zacks expected $54 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CVX at https://www.zacks.com/ap/CVX