Chevron Posts $10.4 Billion in Adjusted Earnings, Buys Back $2.5 Billion
Photo: TokenPost
Chevron's adjusted third-quarter earnings totaled $10.4 billion, alongside $12 billion in free cash flow, while repurchases sat at the low end of the company's previously outlined range. Chevron (CVX) shares rose in premarket trading Friday, Oct. 30. The stock closed Thursday at $231.46, up 0.99%, then reached $235.67 before the opening bell, above its previous 52-week high of $234.08. Net income came to $9.9 billion, or $5.06 per share. Adjusted earnings were $5.28 per share, down from $6.06 in the second quarter and above analysts' $4.89 estimate.
Source: TokenPost
