Chevron Corp , the second-largest U.S. oil company, reported a three-fold jump in quarterly profit on rising oil output, higher energy prices and buoyant margins at its refineries, topping Wall Street forecasts.
The results follow the strong earnings reports from the world's largest oil companies, including Exxon Mobil Corp and Royal Dutch Shell Plc on Thursday.
Chevron's second-quarter net income jumped to $5.4. billion, or $2.70 per share, from $1.75 billion, or 87 cents per share, a year before. Revenue rose to $53 billion.
Analysts had been expecting a profit of 2.44 per share, according to the average on Thomson Reuters I/B/E/S.
(Reporting by Matt Daily and Braden Reddall in San Francisco, editing by Dave Zimmerman)