Nov. 1, 2021—On the heels of an oil price surge and a recovery in oil demand, Chevron Corp posted its highest quarterly profit in eight years.
The company on Friday reported a net income $6.11 billion in Q3 according to Reuters, up exponentially from the $207 million loss it posted over the same period last year.
Overall production has rebounded significantly after seeing deep cuts due to the COVID-19 pandemic. The company's quarterly earnings are the highest it has posted in eight years.
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