Chevron reported third-quarter net income up nearly 200% to $9.9 billion, or $5.06 a share, versus $3.5 billion, or $1.82 a share, a year earlier. Adjusted EPS of $5.28 beat the $4.89 Wall Street estimate, and revenue reached $67.8 billion versus $61.6 billion expected. Refining profit surged more than 300% to $4.9 billion from $1.1 billion as U.S. refineries ran at 98% capacity to take advantage of high diesel prices amid attacks on refineries in Russia and the Middle East. Upstream profit rose about 70% to $5.7 billion, but output slipped to 3.9 million bpd from about 4 million bpd, mainly in the international segment, partly due to the Middle East conflict.
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