Chevron profit rises 26.3% on higher output - Reuters

Chevron profit rises 26.3% on higher output - Reuters:

Chevron Corp reported a 26.3% rise in quarterly profit on Friday, as higher production more than offset lower crude oil and natural gas prices and a rise in expenses.

The No. 2 U.S. oil and natural gas producer’s daily production of oil and gas rose 9.1% to 3.08 million barrels.

Net income attributable to the company rose to $4.31 billion, or $2.27 per share, in the second quarter ended June 30, from $3.41 billion, or $1.78 per share.