Quartz·2 min read·medium

Chevron posted its highest profit in six years as the Iran war boosted oil prices

Cris Tolomia
AI Summary

Chevron reported its highest profit in six years, reaching $12 billion in adjusted earnings. The company's performance was bolstered by increased oil prices resulting from the conflict in Iran.

Adjusted earnings of $12 billion, or $6.06 per share, beat analyst estimates by 50 cents as higher oil and refining margins drove results

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