Chevron sees higher profit
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SAN RAMON, Calif. Chevron (CVX) expects fourth-quarter earnings to be "notably higher" than third-quarter profit.
The company said Thursday that its fourth-quarter results will be helped by bigger gains on asset sales and more oil and gas production.
- Lower production, prices hurt Chevron profit
- Chevron expects earnings to be "substantially lower"
- Exxon: U.S. by 2025 will be net exporter of oil and gas
Chevron is America's second-biggest oil company, and it earned $5.25 billion, or $2.69 per share, in the third quarter.
Analysts expect the company to report earnings of $3.03 per share when it posts fourth-quarter results on Feb. 1.
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