السبت , 20 أكتوبر 2018
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الرئيسية / سياسة / Chevron swings to first quarter profit on cost cuts, rising oil prices
Chevron swings to first quarter profit on cost cuts, rising oil prices

Chevron swings to first quarter profit on cost cuts, rising oil prices

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[:en]HOUSTON (Reuters) – Oil producer Chevron Corp (N:CVX) said on Friday it swung to a first-quarter profit due to cost cuts and rising crude prices (CLc1).

The company posted net income of $2.68 billion, or $1.41 per share, compared to a loss of $725 million, or 39 cents per share, in the year-ago period.

Production rose 0.4 percent to 2.67 million barrels of oil equivalent per day.[:]

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